Mike Norman Economics

Makroskop is a relatively new media publication in Germany edited by Heiner Flassbeck and Paul Steinhardt. It brings some of the ideas from Modern Monetary Theory (MMT) and other analysis to German-language readers. It is not entirely sympathetic to MMT, differing on the importance of exchange rates. But it is mostly sympathetic. I declined to be a regular contributor when invited at the time they were starting the publication not because I objected to their mission (which I laud) but...

Thread makes the case that Trump planned on doing the wall via the military all along... got everything he wanted for the military and then some in the Omnibus passed this week..We'll see... if he starts the wall as a Defense Dept initiative then probably a correct assessment...1. Interesting how Trump's tweets make so much more sense in hindsight. This from March 21 reveals what was on his mind with the Omnibus Bill: https://t.co/VLtTFkvCoK— Vachel Lindsay (@_VachelLindsay_) March 25,...

1.  Bank "stress test" results are due by April 5th meanwhile they have recently had to take a $30B-$40B (major) markdown of certain financial assets in response to the Jan. 1 tax reform law;and2.  Impending House approval of S.2155 the bank reform bill which will change the way (in banks favor) depository banks currently have to maintain regulatory capital against risk-free central bank deposits;and3.  First quarter earnings results start to come in along with (hopefully) some official...

This article is the second part (of a planned trilogy) of articles on the accounting issues within Dynamic Stochastic General Equilibrium (DSGE) models. I have deliberately chosen one of the simplest DSGE models I could find, a deterministic (non-random) Ramsey model from the text Recursive Macroeconomic Theory by Lars Ljungqvist and Thomas J. Sargent. I have the third edition; the text is referred to as [LS2012] herein. My previous article, "The Curious Profit Accounting of DSGE Models,"...

More winning!  #MAGA(Can it get any better???? Really... can it????) SCHUMER CELEBRATES OMNIBUS BILL:‘ERA OF AUSTERITY’ COMING ‘TO AN END’?https://t.co/lyuT9gYtjb#MakeSchumerHappyAgain@THETXEMBASSY @DrSueDVM @jstines3 pic.twitter.com/a8PebtY1ga — CFJ ?? #DefundSanctuaryCities ?? #NoMore? (@_CFJ_) March 22, 2018

Latest from Navarro: Sunday Talks: National Trade Council Director Peter Navarro Discusses Confronting China… https://t.co/bPVy1iuoUT pic.twitter.com/fkAeJSlq73 — TheLastRefuge (@TheLastRefuge2) March 25, 2018

Look, it's bogus. It's fiction. It's B.S. It's disinformation. It's American propaganda. The reality is this: Russia has been protesting about the, once we left, Washington left the Antiballistic Missile Treaty, Russia has been protesting what we've been building. We told Russia, why are you worried? It has nothing to do with Russia. This is all about Iran and, quote, rogue states, unidentified.... This was about Russia. The Russians knew it. You and I knew it. Everybody knew it... Then...

Another professional looks at John Bolton in terms of his abysmal record. JackMattlock.com William Polk on John Bolton and Dangers Ahead Jack Mattlock | former US Ambassador to the USSR under President Reagan

So what are these horrendous people being charged with? Stealing unreleased scripts of Game of Thrones and a bunch of academic articles. I am not making this up. Marginal RevolutionIranian “CyberAttack” Threatens Elsevier Not USAAlex Tabarrok | Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George Mason University, and a research fellow with the Mercatus Center

Perhaps a Confucian path would be the right direction toward Eurasian integration Asia TimesWill the Putin-Xi era supersede the Western liberal (dis)order? Pepe Escobar