Thursday , March 28 2024
Home / Mike Norman Economics (page 1400)

Mike Norman Economics

Lars P. Syll — Modern economics – an intellectual game without practical relevance

I stand with Paul Feyerabend in taking an "anarchistic" approach to the philosophy of science. There is no "scientific method" that is the final arbiter of doing science. Or, as Mao famously said but did not follow through one, "Let a hundred flowers bloom." The cream will rise to the top. Science is what scientists do, and free inquiry requires that they be free to pursue their curiosity. Exploration of options and alternatives is basic to evolutionary theory. Those that don't adapt to...

Read More »

Bill Mitchell — The IMF still has the same spots

Just before Xmas (December 22, 2017), the IMF proved once again that leopards don’t change their spots. Thy released a Working Paper (No. 17/286) – Australia’s Fiscal Framework: Revisiting Options for a Fiscal Anchor – that demonstrated they hadn’t learned a thing from the last decade of crisis and fiscal interventions (stimulative and opposite). The paper demonstrates no understanding of context, history, or the role that fiscal policy should play in advancing general well-being. It is a...

Read More »

Tyler Durden — Jeremy Grantham Warns: “Brace Yourself For A Near-Term Melt Up”

Summary of Grantham's guesses (described "absolutely my personal views")A melt-up or end-phase of a bubble within the next 6 months to 2 years is likely, i.e., over 50%. If there is a melt-up, then the odds of a subsequent bubble break or melt-down are very, very high, i.e., over 90%. If there is a market decline following a melt-up, it is quite likely to be a decline of some 50%. If such a decline takes place, I believe the market is very likely (over 2:1) to bounce back up way over the...

Read More »

Jessie Hellmann — White House: Trump hasn’t shifted on not cutting entitlements

President Trump has not changed his position on protecting entitlement programs from funding cuts, White House press secretary Sarah Huckabee Sanders said Wednesday. After last month's GOP victory on tax reform, many Republicans are calling for changes to the social safety net as a way to cut government spending. But, asked about Trump's repeated campaign pledge to protect Social Security, Medicare and Medicaid, Sanders said he doesn't support cuts to the programs. "The president hasn't...

Read More »

Whitney Webb — Birth Of An Insurgency: The US-Israeli “Secret Deal” To Manipulate Protests In Iran

With the Trump and Netanyahu administrations now working in lockstep, U.S.-Israeli hostility towards Iran has now ripened into a plan to repeat what befell Syria over six years ago – the hijacking of minor protests and their transformation into the cover for a foreign-funded insurgency intent on toppling Iran’s elected government. Mint PressBirth Of An Insurgency: The US-Israeli “Secret Deal” To Manipulate Protests In Iran Whitney WebbSee alsoShort and important. Flores is a good analyst....

Read More »

Branko Milanovic — Inequality, Imperialism, and the First World War

Branko Milanovic on his new paper with Thomas Hauner and Suresh Naidu exploring inequality prior to World War I and providing empirical support for the classical theory of imperialism. ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessInequality, Imperialism, and the First World WarBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and...

Read More »

Corruption Watch — Links

I'll be adding this list. TruthdigThe Visionless Society Chris Hedges is a Pulitzer Prize-winning journalist, New York Times best selling author, former professor at Princeton University, activist and ordained Presbyterian minister Truthdig — Scheer Intelligence The CIA's 60-Year History of Fake News: How the Deep State Corrupted Many American Writers Robert Scheer, editor in chief of TruthdigRussian and Eurasian PoliticsAmerica’s Russia Games: Pre-History and Implications Gordon M....

Read More »

Patrick Armstrong — Trump Cuts the Gordian Knot of Foreign Entanglements

  Interesting theory along the lines of Scott Adams, who has pretty consistently been proved correct by events and who Armstrong cites. (All real theories must be falsifiable; let's see in a year's time whether the US is more entangled or less entangled. It should be pretty apparent by then and, by the end of Trump's first term, obvious to all.) Strategic Culture FoundationTrump Cuts the Gordian Knot of Foreign Entanglements Patrick Armstrong

Read More »