Mike Norman Economics

More winning... sorry non-material oriented people: According to the release, the Canton-based company is ready to respond quickly to an increased demand across the country. It said by restarting the Lorain plant, in addition to its open capacity at its Canton melt shop, it would provide more than 1 million tons of new production back into the market.  “This could result in Republic bringing back 1,000+ jobs to its Lorain, OH facility,” the release said.  “Republic anticipates that it...

Russia only want peace, say's Putin, the new weapons are only defensive. Hopefully it has worked. [embedded content] A group of US lawmakers have called for strategic dialogue with Moscow. They feel that the matter is 'more urgent' following Russian President Vladimir Putin’s unveiling of a number of cutting-edge weapons systems.

With some Democrats coming to their senses and changing their minds about Russia, and with this meeting, things are looking a bit better. But guess what, Jasper Becker in the Guardian yesterday, that nice liberal paper, said that, 'A Trump ‘deal’ with Kim Jong-un would only help a despicable regime survive'.  I wanted to write in but CiF was closed early and only had 248 comments which might have meant it was only open for 20 minutes, or so. I wanted to write in and say that the US installed...

The Russian POV.The National InterestPutin Is Not Bluffing about Confronting the WestAndranik Migranyan is a professor at the Moscow State Institute of International Relations, an academic institution run by the Ministry of Foreign Affairs of Russia

Podcast.FT Alphaville (free registration may be required)Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness Matthew C. Klein

Jonathan Larson quote.Lars P. Syll’s BlogEconometric disillusionment Lars P. Syll | Professor, Malmo UniversityAlsoDebunking mathematical economics

I called this strong jobs report once again.

MMT without specifically mentioning MMT. Seems to be the new tactic? Why Trump Is So Clumsy About Fighting 'Free Trade'There are better ways than simply slapping tariffs on imported goods. Marshall Auerback / AlterNetSee also at AlterNetBlowing Up Some of the Biggest Myths About the Economy and the Deficit Paul Sliker, Michael Palmieri and Dante Dallavalle / Democracy at WorkalsoBeat the PressWashington Post Says Stronger Patent and Copyright Protections Are "Free-Trade" Dean Baker |...

More MMT without mentioning it specifically.  MMT economists are credited in a footnote: For other scholarly work exploring similar job guarantee proposals, see Harvey 1989, 2000; Wray and Forstater 2004; Wray 2008; and Tcherneva 2012, 2013. This is a fairly long and developed proposal.Center on Budget PrioritiesThe Federal Job Guarantee-A Policy to Achieve Permanent Full EmploymentMark Paul, William Darity, Jr., And Darrick Hamilton

Democrats deciding that Russia-baiting isn't such a good idea after all?I guess Putin's message came across that poking the bear's liar is not a great idea.Zero Hedge Senate Democrats: US Should "Urgently Engage" With Russia To Avoid A Military "Miscalculation" Tyler Durden See also SouthfrontUS Defense Undersecretary for Policy Confirms Russia Has Sensational Nuclear Weapons Technology