Mike Norman Economics

America’s top spies no longer retire. Instead, they sign very lucrative TV News contracts. Former CIA Director John Brennan has just been hired as a paid contributor by NBC and MSNBC. The downside of this new trend is obvious. These spies are not in the business of reporting the truth.... Well, at least they are in the open and what they say can be discounted. Butost of the "journalists" on the payroll of the intelligence services are undercover.Intel TodaySpooks & The Media — How The...

Four years ago, I framed it as a question: “George Soros‘ INET: An institute to improve the world or a Trojan horse of the financial oligarchy?” Today I would not use a question mark any more.Frances Coppola came to a similiar conclusion after attending the big INET gathering in Edingburgh in October.… Sleeping with the devil.Real-World Economics Review BlogGeorge Soros’ INET, the Trojan horse of the financial oligarchy Norbert Häring | economics correspondent for Handelsblatt, the German...

Good article about economics, power and ethics, with which I would substantially agree as a philosopher.  However, Professor Ruccio passes over the economic aspect of power, which bestows the ability to extract economic rent.  Power results in asymmetries that vitiate perfect competition and generate imperfect markets. This allows for rent extraction. Rent goes to the powerful, that is, the owners of real and financial capital, to the disadvantage of those lacking power, basically...

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Would be big... The Senate is nearing a bipartisan two-year budget deal that would bust budget caps and raise the debt limit — but punt on DACA. https://t.co/gemDOKpJkK— Axios (@axios) February 7, 2018

A brilliant look into dark underworld of international crime and dark politics. Alex Krainer wrote his book, The killing of William Browder: Deconstructing Bill Bowder's Dangerous Deception, because he was concerned that Russiagate and the constant Western anti Putin propaganda could bring about WW3. Alex Krainer says how William Browder and the maniacs of the Deep State feel that have a lot to gain from a confrontation with Russia, but this would catastrophic for the world.  Alex Krainer is...

Dave Fishwick, a self made multimillionaire who started the Bank of Dave, probably identified with conservative values but when he went to the Conservative Party Conference they wouldn't let him in, why, because they stand for the ruling elite, the top bankers who don't want small community savings and loans banks like The Bank of Dave bringing in competition?Many small businessman vote Conservative thinking that because they have nice houses they are part of the gentry, but the Tory Party...

Micheal Hudson has a new book out in Easter called, … And Forgive them their Debts: Credit and Redemption. He is a distinguished professor of economics and is also a historian of economic systems and world's economies. He says that the word sin in the bible also meant debt in biblical times so for much of the time Jesus was referring to debt, not sin. As we turn towards our faiths this Christmas and Hanukkah in an attempt to make sense of the year that was, economist Professor Michael...

The recent tumble in the market is being attributed to the wage report, a rise in interest rates, and concern about inflation. A reassessment of economic conditions does not lead to such a violent reaction. It might give a push, but then gravity does the rest. For the markets, gravity is the technicals -- how leveraged or overextended investors are, how concentrated, and how much liquidity there is in the face of a flood of selling. This is just a quick recap of a couple of posts I have...

Stephanie Kelton introduces Justin Santopietro, who is running for the Democratic nomination for Congress in the rural, Appalachian district of VA-09.Down with TyrannyGuest Post: Stephanie Kelton Introduces A New Candidate For Congress An Experienced MMTer Is Running For Congress In 2018 by Stephanie Kelton