Mike Norman Economics

“Fake news” is certainly something to worry about when it emanates from foreign adversaries, but it is at least as concerning and threatening, if not more so, when emanating from one’s own governments and media. And there are countless, highly significant examples beyond today’s of such propaganda that emanates from within.... The Intercept Dutch Official Admits Lying About Meeting With Putin: Is Fake News Used by Russia or About Russia? Glenn Greenwald See also AntiMediaThe US Now...

Britain must make sweeping reforms to pensions, the planning system, infrastructure, education and training, and research and development if it wants to boost economic growth in the years to come, the International Monetary Fund has warned. Productivity and GDP growth have been relatively weak since the financial crisis, compared to historical levels and relative to other rich economies. They will stay that way unless serious action is taken.... The TelegraphUK economy ‘must get more...

David Ricardo. EconospeakNo Other Way of Keeping Profits Up Sandwichman See also Michael KaleckiPolitical Aspects of Full Employment Political Quarterly, 1943  also Iron Law of Wages Wikipedia

…The Measure of Civilization presents a brand-new way of investigating these questions and provides new tools for assessing the long-term growth of societies. Using a groundbreaking numerical index of social development that compares societies in different times and places, award-winning author Ian Morris sets forth a sweeping examination of Eastern and Western development across 15,000 years since the end of the last ice age. He offers surprising conclusions about when and why the West...

World Economic Forum | AgendaEurasia, the supercontinent that will define our centuryBruno Maçães | Senior Advisor, Flint Global

Recently, a colleague emailed with the following set of questions: ‘a balance sheet approach to defending currencies. Do you know literature that explains in detail the globally interlocking balance sheets between central banks, commercial banks and what happens when a national government has to defend its currency? What is the role of national and foreign reserves and how do they travel these balance sheets in the process of trying to defend a currency? I came back to this question when...

Intel-for-Hire is a multilayered phenomenon that’s undermining the integrity of U.S. intelligence, argues George Eliason. In this installment, he looks at the second tier of this system. (Click here for part one.) Consortium NewsIntel-for-Hire Undermines U.S. Intelligence (Part 2)George Eliason See also BuzzFeed was the first outlet to publish the dossier, which contains salacious allegations, a year ago. The Hill BuzzFeed hires former FBI, White House cyber officials in attempt to...

Shamini Peries interviews Michael Hudson. Video and transcript.Michel HudsonTollbooth Trump Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Can't even make it up: Trump administration is proposing a major shakeup to the the Supplemental Nutrition Assistance Program (SNAP): instead of giving low-income families food stamps every month, they would give them a box of nonperishable foods. White House Budget Director Mick Mulvaney said the proposal, included in the $4.4 trillion budget the president sent to Congress for approval Monday, will save billions and offer families a more nutritious option. According to Politico, he also...

"Smoke and mirrors." Economic Policy InstituteThe Trump administration’s infrastructure plan remains empty talk and will be paid for by cuts to programs that help working peopleHunter Blair