Mike Norman Economics

Must-read. This should suffice as the last word on Simon Wren-Lewis's recent post. But it probably won't be.Bond Economics The Easy Way To Deal With Factionalism In Economics Brian Romanchuk Also My comment was finally approved and posted along with many others in the moderation queue: Tom Hickey2 March 2018 at 07:38 Who is being intransigent? As a non-economist MMT advocate (my PhD is in philosophy), it looks to me like the mainstream is the intransigent party. "The methodological...

Blowback.... that OPEC is bad...New Video Shows People, Dogs Eating Out of Trash in Venezuela - https://t.co/fEqm9vc5qX pic.twitter.com/5cFw0u6kyW— Paul Joseph Watson (@PrisonPlanet) March 1, 2018

The most successful people are not the most talented, just the luckiest, a new computer model of wealth creation confirms. Taking that into account can maximize return on many kinds of investment.Neil Wilson put this out on Twitter. I also came to believe that many rich people were probably just lucky. A person might sell his home to start a business but only one in three businesses are successful. We get to read about very successful people all the time but those that tried and failed...

I can't understand the Ukrainian people, what do they want a war with Russia for? Are they mad because most will die a horrible death, and their children too, and their country and standard of living will be ruined. And all for what, so the oligarchs can make a ton of money? They must be fed pure propaganda all the time. Putin offered the Ukraine a good deal, much better than the EU one which wanted to impose severe austerity and ruin their countries pensions, but the US installed oligarchs...

As I figured would be the case, Putin’s message to the West that Russia cannot be intimidated and that the nations must work together to deal with world problems was far over the heads of the dumbshit “exceptional” Americans. CNN rushed out an idiot named Samantha Vinograd who served as a staffer on Obama’s National Security Council to declare that Putin’s speech was only aimed at one person in the world—President...

PCR - There No Longer Is A Military Option Against Russia Putin has just announced the new weapons systems Russia that has which greatly outsmarts Western technology.  If you have no read it yet, please check out Putin’s full address to the Federal Assembly.  What stunned me, and many other, are the new weapon systems Putin has announced. First, he confirmed that the Sarmat ICBM would replace the old but already formiable SS-18 “Satan”.  Then he turned to new weapon systems: A nuclear...

You guessed it. Oil and gas. AntiMedia | OpEdThe Real Reason Israel and Lebanon Are on the Verge of War Darius Shahtahmasebi

More from Navarro on the new US steel and aluminum policy as Trump is taking some flack from all the libertarian morons:Peter Navarro Pushes Back Against False Narrative from GOPe and Wall Street Financial Class – America First Economic Policy… https://t.co/42aiI7hMrw pic.twitter.com/4eVRET81JC— TheLastRefuge (@TheLastRefuge2) March 2, 2018

So there you have it. The cards are on the table. “We are greatly concerned by some parts of the new nuclear posture, which reduces the benchmark for the use of nuclear weapons. Whatever soothing words one may try to use behind closed doors, we can read what was written. And it says that these weapons can be used in response to a conventional attack or even a cyber-threat,” [Putin] said. “Our nuclear doctrine says Russia reserves the right to use nuclear weapons only in response to a...

Globalization has led to a rise in global income inequality, not a reduction.Income doesn’t trickle down.Policy – not trade or technology – is most responsible for inequality. Demand lagging capability to supply due to hoarding at the top end. Contrary to the assumptions of neoclassical economics, distribution counts. This should be obvious since in a capitalistic system distribution is through markets where goods are rationed by price and ability to pay. But the "laws of economics" seem to...