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Mike Norman Economics

Moon of Alabama — “The Vietnam War” – Documentary Or Epic Of Fiction?

Arte TV yesterday showed the first parts of The Vietnam War by Ken Burns and Lynn Novick. It also runs on PBS. The first three parts of the ten part "documentary" are a whitewash of the motives of the politicians who sold the war to the public. The CIA's and military "deep state" machinations behind them is not investigated but covered up. Moroever, some of the salient facts are still classified, like who knew what when and what was kept from view.I would categorize works of this type as...

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Zaid Jilani — GOP Senator Wants to Ban State Single Payer In New Health Care Bill

Louisiana Republican Sen. John Kennedy plans to use the most recent effort to repeal and replace portions of the Affordable Care Act to push an amendment that would bar states from enacting their own single-payer systems, he told reporters on Monday. When asked by The Intercept on Tuesday about the status of his legislation, Kennedy said that the bill’s co-sponsors, Sens. Lindsey Graham, R-S.C., and Bill Cassidy, R-La., told him that the measure already bans single payer, but that he was...

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Vesti — Putin: “Technological independence is key task of the military-industrial complex”

Russia is gearing up technologically with military leading the way.Fort RussPutin: "Technological independence is key task of the military-industrial complex" Vesti - translated by Inessa Sinchougova AlsoRussia to build a 'military technopolis' Vesti Finance - translated by Inessa Sinchougova See alsoNumber of imported goods in Russia reaches historic low Izvestia - translated by Inessa Sinchougova

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Robert Parry — Trump Falls in Line with Interventionism

In discussing President Trump, there is always the soft prejudice of low expectations – people praise him for reading from a Teleprompter even if his words make little sense – but there is no getting around the reality that his maiden address to the United Nations General Assembly must rank as one of the most embarrassing moments in America’s relations with the global community.  Trump offered a crude patchwork of propaganda and bluster, partly delivered as a campaign speech praising his...

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Peter Cooper — State Monies are Fundamental to Modern Monetary Economies

What is the most appropriate entry point to the study of a monetary economy in which government is currency issuer? Is it “the market”? Is it the definition: total spending equals total income? Is it real exchange? Real production? Is it total output? Total employment? Total value? Distribution of income? The origin of profit? Price formation? Competition?I would answer “no” to all these suggestions. They are all important aspects of the subject, but they are all embedded in something else....

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