Mike Norman Economics

Looks like he's out of the dog house with Melania over the porno woman thing now too! Happy #InternationalWomensDay“First Lady Melania Trump to Present the 2018 International Women of Courage Award” https://t.co/EwYtFXGvn2 — Donald J. Trump (@realDonaldTrump) March 8, 2018 ‘Please, Mr. President, we beg you sir, we don’t want to win anymore. It’s too much. It’s not fair to everybody else!’ 

Leaders of the two US military branches have warned that China is “weaponizing capital” - buying strategically valuable land from other countries to give themselves a military edge to “win without fighting.”During a House of Representatives Appropriations Defense Subcommittee hearing on Thursday, US Secretary of the Navy Richard V. Spencer told lawmakers that the issue of Chinese land purchases "keeps me up at night." "When it comes to China, the bottom line there is the checkbook," he...

Art of the Deal:

Accounting and national accounts.AsymptosisWealth and the National Accounts: Response to Matthew KleinSteve Roth

Here is my forecast for tomorrow’s jobs report.

In another milestone in the growing integration between the military-intelligence complex and Silicon Valley, Google’s parent company Alphabet has confirmed that it has provided software to identify targets used in the illegal US government drone murder program.  Since initiating its drone assassination program in 2009, the United States claims to have killed close to 3,000 “combatants” in drone strikes. Internal military documents show that for every one person targeted by a drone strike,...

The US elites are trying to steal everyone else's hard work from other countries around the World -  gunboat diplomacy.  Neoliberalism is Western propaganda going under cover of 'liberal values' to spread its fascism. As China and Russia are perceived by the Western public as illiberal countries (because of Western propaganda), the Western elite pretend to be fighting for 'our fair minded, decent liberal values'. This is propaganda and nothing could be further from the truth, their...

Along with the recent change in tone of Russian leaders, Putin's recent address, and now this revelation of what had been private indicates that something big is up. The Russian leadership did not just happen to shift its stance of conciliatory to oppositional. There was clearly a reason for it.Western observers tend to write this off as Putin grandstanding domestically in preparation for the coming election this month. But I don't think that is the reason. These are strong international...

I don't know much about Chinese democracy, but I what Andre Vltchek says about our democracy is true: there isn't one. Eventually, some outsider, like Jeremy Corbyn or Bernie Sanders, might beat the system and get voted in, but the oligarchs - our overlords - will snooker their policies as usual.  But now let’s talk about democracy.  First of all, the expression democracy is derived from Greek language. It loosely means ‘rule of the people’. It doesn’t stipulate that a truly democratic...

Thomas Palley has a new paper: The Case for Concerted Action Thomas Palley – Re-theorizing The Welfare State And The Political Economy Of Neoliberalism’s War Against It V. Ramanan