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Mike Norman Economics

Brad DeLong — Should-Read: Ian Morris (2013): The Measure of Civilization: How Social Development Decides the Fate of Nations

…The Measure of Civilization presents a brand-new way of investigating these questions and provides new tools for assessing the long-term growth of societies. Using a groundbreaking numerical index of social development that compares societies in different times and places, award-winning author Ian Morris sets forth a sweeping examination of Eastern and Western development across 15,000 years since the end of the last ice age. He offers surprising conclusions about when and why the West...

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Daniela Gabor — MMT Meets Rey’s Dilemma: A Balance Sheet View Of Capital Flight (Coming Soon To An Em Country Near You)

Recently, a colleague emailed with the following set of questions: ‘a balance sheet approach to defending currencies. Do you know literature that explains in detail the globally interlocking balance sheets between central banks, commercial banks and what happens when a national government has to defend its currency? What is the role of national and foreign reserves and how do they travel these balance sheets in the process of trying to defend a currency? I came back to this question when...

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George Eliason — Intel-for-Hire Undermines U.S. Intelligence (Part 2)

Intel-for-Hire is a multilayered phenomenon that’s undermining the integrity of U.S. intelligence, argues George Eliason. In this installment, he looks at the second tier of this system. (Click here for part one.) Consortium NewsIntel-for-Hire Undermines U.S. Intelligence (Part 2)George Eliason See also BuzzFeed was the first outlet to publish the dossier, which contains salacious allegations, a year ago. The Hill BuzzFeed hires former FBI, White House cyber officials in attempt to...

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Michel Hudson — Tollbooth Trump

Shamini Peries interviews Michael Hudson. Video and transcript.Michel HudsonTollbooth Trump Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

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Now a Blue Apron for the poor?

Can't even make it up: Trump administration is proposing a major shakeup to the the Supplemental Nutrition Assistance Program (SNAP): instead of giving low-income families food stamps every month, they would give them a box of nonperishable foods. White House Budget Director Mick Mulvaney said the proposal, included in the $4.4 trillion budget the president sent to Congress for approval Monday, will save billions and offer families a more nutritious option. According to Politico, he also...

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