Mike Norman Economics

New paper by Lance Taylor, Duncan Foley and Armon Rezai. Naked KeynesianismDemand Drives Growth all the WayMatias Vernengo | Associate Professor of Economics, Bucknell University

MMT-based analysis and policy advice. Short.Splice TodayBulgaria and the Euro — How Mosler Bonds could help.Serban V.C. Enache

While SRW avoids the "C"-word, consciously or unconsciously, social, political and economic asymmetry is about class at bottom. But his analysis points to it.InterfluiditySegregation is a normal goodSteve Randy Waldman

The Washington Post headlined on January 26th, “Trump plans to ask for $716 billion for national defense in 2019 — a major increase”, and reported that when President Trump had entered the White House in January 2017, the ‘Defense’ budget was $521 billion, but that President Trump will propose in his upcoming State-of-the-Union speech, a 2019 ‘Defense’ budget of $716 billion, which, if it becomes law, would mean a 37% increase, above Obama’s last Pentagon budget (for 2017). This is in line...

What a load of baloney! How do they get away with this nonsense, every one knows what the holocaust refers to? This is a fake outrage to discredit Corbyn. KV A longer message from the Labour leader, printed in a booklet for the service, referred by name to Jewish Holocaust victims, including Anne Frank, as “our Jewish brothers and sisters”. In the HET memorial book, Mr Corbyn wrote: “We should never forget the Holocaust: The millions who died, the millions displaced and cruel hurt their...

Amid ongoing investigations into Russian meddling in the 2016 election, a new paper by INET Research Director Tom Ferguson, together with Paul Jorgensen and Jie Chen, provides an alternative explanation of Trump’s win: a surge of cash. Late infusions of big money from private equity, casinos, and other far-right contributors; a remarkable wave of donations from small donors; and substantial infusions from the candidate himself proved crucial to Trump’s victory, the paper finds. The original...

A major endorsement from a very influential bureaucrat. Russia InsiderTop Russian Finance Official (Sergey Gorkov) Gives Huge Endorsement to Cryptos Lewis Hayward

The British military industrial complex needs to get its story straight. The Russian threat keeps changing from week to week, as more and more potentially nation-destroying dangers emanating from Moscow are revealed. The only thing that all the scary stories about Russia have in common is that they repeat the mantra that Russia is dangerous, very dangerous, and that the UK should therefore spend more on defence. The BBC notes in an article about Gavin Williamson’s statement that, ‘It comes...

Non-sequitur. Sandronsky criticizes Jerry Brown for being anti-Keynesian and then admits that US states don't have the same fiscal space as the general government. Why then does Gov. Brown ignore Keynes’ insights on government or state spending to spur the economy? One reason is that state governments are unable to run deficits in the way that Uncle Sam can. Another is that Gov. Brown is reserving state revenue to repay Wall St. creditors in a downturn. The state issues bonds that these...

Eye-opener, if you are not up on this stuff. Your government at work.CounterpunchMeet the CIA: Guns, Drugs and MoneyJeffrey St. Clair - Alexander Cockburn