Mike Norman Economics

New mission?The InterceptU.S. Citizenship and Immigration Services Will Remove “Nation of Immigrants” From Mission StatementRyan Devereaux

It is amazing how frequently we hear people asserting that the massive inequality we are now seeing in the United States is the result of an unfettered market. I realize that this is a convenient view for those who are on the upside of things, but it also happens to be nonsense.The latest nonsense-pusher is Amy Chua, who warns in a New York Times column (2/20/18) about the destructive path the United States is now on, where a disaffected white population takes out its wrath on economic...

Commercial operation. The DuranJulian Assange explains how “troll farm” in St. Petersburg was nothing more than social media spam business (Video) Alex Christoforou alsoDemocrats want taxpayers to give them $300M to fight $100K in “Russian troll” Facebook ads Also at The Duran Lucy Komisar, who is perhaps the greatest living investigative journalist, has discovered — and has documented in detail — that the source of the Russiagate charge against Russia, the source of the charge that...

President Trump presented his infrastructure plan last week. If you’re keen on the idea of out-of-control privatized utilities gouging customers and manipulating energy markets, or consortia building overpriced, expensive toll roads (until they go bust), then you’ll love the president’s proposals. His mooted public-private partnerships are another variant of socialism for the rich and free market discipline for the rest of us. PPPs are like a religion that offers its adherents the promise...

The U.S. Treasury's top diplomat accused Beijing of "patently non-market behavior" and said that the United States needed stronger responses to counter it.  David Malpass, Treasury's undersecretary for international affairs, said that market-oriented, democratic governments were awakening to the challenges posed by China's economic system, including from its state-owned banks and export credit agencies. He reiterated his view that China had stopped liberalizing its economy and was actually...

All Mueller has found is a bait-click commercial marketing scheme that had nothing to do with election interference.… When a country armed to the teeth with nuclear weapons and overwhelmed by its own exceptionalism and indispensability has political and media lunatics equating a bait-click commercial marketing scheme with Pearl Harbor, that country is a recipe for the end of the world. After done a significant amount of research on this, I have come to this conclusion, too.  Paul Craig...

Paybacks are hell:Hunger is hastening the ruin of Venezuelan’s oil industry as workers grow too weak and hungry for heavy labor. https://t.co/2zjM7vO4SU— Tina Davis (@tina_davis) February 22, 2018 Let's see what this new coin thing they released does...

Let's see...  "immediately fire back... at much less costs than guards..."1.  "counter puncher" i.e. "eye for an eye" i.e. "get even"...AND2.  "save money!"What's not to like??? ....immediately fire back if a savage sicko came to a school with bad intentions. Highly trained teachers would also serve as a deterrent to the cowards that do this. Far more assets at much less cost than guards. A “gun free” school is a magnet for bad people. ATTACKS WOULD END! — Donald J. Trump...

In advanced nations, poverty used to be a thing of old age, once income had stopped due to retirement and savings depleted. Old-aged pension systems were intended as Welfare States emerged to prevent that fall into poverty. The pension systems reduced the incidence of extreme poverty and the full employment era that followed the Second World War, where governments committed to using their fiscal capacities (spending and taxation) to ensure there were sufficient jobs for all, allowed workers...

Jimmy Dore hits home again, Washington is a laughing stock. If only Americans knew what the content of the Russian Twitter adverts, then they would be rolling about with laughter too. Congress and the CIA are so upset about some silly, nonsense adverts. [embedded content]