Mike Norman Economics

An interesting article on Ann Pettifor's book, The Production of Money: How to Break the Power of the Bankers  Ann Pettifor is a director of Prime Economics, which advocates for a more Keynesian view of macroeconomics, and has been involved in development and environmental economics for many years. In The Production of Money: How to Break the Power of the Bankers (Verso, 2017) she correctly identifies that ‘money enables us to do what we can within our limited natural and human resources’,...

No austerity ever in the US anyway:Government spending is at an all-time high. Look at federal spending by agency and make your own charts here: https://t.co/lKB2Vykiit pic.twitter.com/NLjn2XxsDY— DownsizeTheFeds (@DownsizeTheFeds) January 3, 2018  Other harmful policies were implemented both to cause the GFC and the following slow recovery' but "austerity!" wasn't one of them...

Simonyan nails it, again.Simonyan nails it, again. Russia InsiderHead of RT: American Media is Completely Fake - Even Your President Agrees (Video)Leo Standish

That idea, that the market ensures that only the most efficient prosper, is a central message of neoliberal ideology, and it has held UK and US governments under its sway since the time of Thatcher and Reagan. But that ideology contains a large and deep internal contradiction, which applies particularly to large firms like Carillion. To see what that contraction is, we need to talk about ordoliberalism and Ronald Coase.Ordoliberalism is widely known as the German version of neoliberalism....

Interesting exploration of Nassim Taleb's systematic thought and its implicitly evolutionary basis. Global Inequality The importance of Taleb’s system: from the Fourth Quadrant to the Skin in the Game 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 economist in the World Bank's research department and senior associate at Carnegie Endowment for International...

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...