Mike Norman Economics

PCR - There No Longer Is A Military Option Against Russia Putin has just announced the new weapons systems Russia that has which greatly outsmarts Western technology.  If you have no read it yet, please check out Putin’s full address to the Federal Assembly.  What stunned me, and many other, are the new weapon systems Putin has announced. First, he confirmed that the Sarmat ICBM would replace the old but already formiable SS-18 “Satan”.  Then he turned to new weapon systems: A nuclear...

You guessed it. Oil and gas. AntiMedia | OpEdThe Real Reason Israel and Lebanon Are on the Verge of War Darius Shahtahmasebi

More from Navarro on the new US steel and aluminum policy as Trump is taking some flack from all the libertarian morons:Peter Navarro Pushes Back Against False Narrative from GOPe and Wall Street Financial Class – America First Economic Policy… https://t.co/42aiI7hMrw pic.twitter.com/4eVRET81JC— TheLastRefuge (@TheLastRefuge2) March 2, 2018

So there you have it. The cards are on the table. “We are greatly concerned by some parts of the new nuclear posture, which reduces the benchmark for the use of nuclear weapons. Whatever soothing words one may try to use behind closed doors, we can read what was written. And it says that these weapons can be used in response to a conventional attack or even a cyber-threat,” [Putin] said. “Our nuclear doctrine says Russia reserves the right to use nuclear weapons only in response to a...

Globalization has led to a rise in global income inequality, not a reduction.Income doesn’t trickle down.Policy – not trade or technology – is most responsible for inequality. Demand lagging capability to supply due to hoarding at the top end. Contrary to the assumptions of neoclassical economics, distribution counts. This should be obvious since in a capitalistic system distribution is through markets where goods are rationed by price and ability to pay. But the "laws of economics" seem to...

I commented there but all comments are moderated so it may take some time to show up. Others have commented and their comments have been posted.Mainly MacroThe dangers of pluralism in economics: the case of MMT Simon Wren-Lewis | Emeritus Professor of Economics, Oxford University

Navarro on Tucker making the case for the new tariffs: Trade Guru Peter Navarro Interview With Tucker Carlson… https://t.co/MTstD1YGgH https://t.co/0K5uAnJmjR— TheLastRefuge (@TheLastRefuge2) March 2, 2018

The Wilson sisters with the pre-quel to Trump's little trade war he has going now: I don't want to bum it allBut this ax she got to fallEven itEven it up [embedded content]

It is traditional to talk about Thomas Alva Edison. The most famous inventor in the world, "the wizard of Menlo Park", New Jersey, registered more than 1000 patents and founded 15 companies—including what is now called General Electric. But that story is too well-known. Let’s talk about Nicola Tesla instead.... If you look at a chart of economic growth relative to energy usage, it is understandable why Nikola Tesla is arguably the most important person in the economic history of humankind,...

Perhaps the biggest mystery in economic analysis in the last few years has been trying to find an explanation for the big decline in labor force participation since 1999. A recent NBER working paper by Abraham and Kearney has posited the most comprehensive answer to date. Since it was summarized in this Washington Post article, I’m just going to quote a few paragraphs and suggest that you read the entire article.... Angry BearChina, not automation, is by far the biggest factor in the...