Mike Norman Economics

Extensive Godley quote from 1995 paper and more.The Case for Concerted ActionWynne Godley And Non-selective Protectionism V. Ramanan

Lead author Professor Shira Gabriel, a psychiatrist at Buffalo University in New York, said: “I strongly believe Donald Trump would not be President if it weren’t for his being on The Apprentice and The Celebrity Apprentice. “It’s not the only factor – but this was a close election and knowing what I know about the strength of parasocial relationships and based on what we found through this research I believe he wouldn’t be in office if it weren’t for these television shows.”  An expert...

Peter Kuznick and Oliver Stone are the authors of, The Untold Story of the United States. Here, Peter Kuznick looks into how Hollywood spreads US propaganda.  Greg Palast seems to describe something about neoliberalism I hadn't thought about before. He say's Hollywood portrays itself as liberal, pro gay rights, pro women's rights, soft social liberalism, stuff like that, but when it comes to the military-industrial complex and US wars it tends to be hawkish. So, could this really be what...

Pertinent Wynne Godley quote. (The headline quote is Macron.)econoblog 101“Those who love Europe should be able to criticize Europe”Dirk Ehnts | Lecturer at Bard College Berlin

Setting the recored straight. Marcy Wheeler aka Emptywheel, with whom I have exchanged views on this, details several of the factual errors in the piece: Moon of AlabamaThe New Yorker Attempts But Fails To Boost The Steele DossierSee alsoA look into the propaganda machine.Sic Semper Tyrannis White Helmet Films, Inc. ?Col. W. Patrick Lang, US Army (ret.) At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism,...

This is a teaser from Left Out's upcoming episode with Stephanie Kelton on MMT and debunking budget deficit myths. Paul Sliker asks Professor Kelton to reflect back on her academic career in economics—a field with only 13% women economists in the U.S.The full episode on 'MMT and debunking budget deficit myths' will release this Thursday, March 8th.… Democracy @ WorkStephanie Kelton on women in economicsPaul Sliker

[I am publishing early and somewhat modified versions of self-contained sections from my forthcoming book “Capitalism, alone”, Harvard UP, hopefully 2019. They may be a bit longer than my usual posts. This is the first such piece. All comments are welcome] Global Inequality Will bourgeoisie ever rule the Chinese state?Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead...

On Wednesday, February 21st, the UK’s Minister of Defence, Conservative Gavin Williamson, announced that the United Kingdom is changing its fundamental defence strategy from one that’s targeted against non-state terrorists (Al Qaeda, etc.), to one that’s targeted instead against three countries: Russia, China, and North Korea. He acknowledged that a massive increase in military spending will be needed for this, and that “savings” will have to be found in other areas of Government-spending,...

Not enough "FREEDOM!"...Trump tariff or not, Ron Paul warns a ‘calamity’ will hit stocks https://t.co/6t3hWMT2DW— daisy Vivaldi (@DaisyVivaldi) March 6, 2018

Talking about winning...From the text of S.2155: funds of a custodial bank that are deposited with a central bank shall not be taken into account when calculating the supplementary leverage ratio as applied to the custodial bank They are getting rid of this requirement to reserve capital against these risk-free assets.  Per the latest H.8 release, there are probably over $2T of such bank assets. "the Senate could do something we haven’t seen in the nation’s capital in a long time: show...