Mike Norman Economics

Who is the smartest economist in America? None other than — Stephanie Kelton. DownWithTyranny!The Smartest Economist In America Explains What Deficits Really Mean

Why is this important to know about? Liberalization is changing the conditions for sexual selection, a primary evolutionary input.  This is taking place not only in China but also in some other traditional societies, although it is resisted in others.  From the standpoint of evolutionary theory and group selection, it is a big deal.  Arguably, one factor in America's success has been "the melting pot," and the looser ground rules for sexual selection are key. This is just one of...

An amicus brief to a lawsuit filed against Roger Stone and the Trump campaign raises troubling questions over the right to political speech. Intimidation. ...as of this writing, the Russia-Trump collusion narrative is fast devolving into an effort to stigmatize and marginalize expressions of dissent, with the overarching aim of short-circuiting and stifling debate over US-Russia policy. The NationRussiagate Is Devolving Into an Effort to Stigmatize Dissent James Carden | executive editor...

aka 'How dumb is the left?' ...the new law requires charges in the near-term as foreign earnings face taxation and the value of deferred tax assets declines. Citigroup Inc. said it expects a hit of as much as $20 billion, while Bank of America Corp. will take a $3 billion charge and Credit Suisse Group AG is at risk of posting a third consecutive annual loss.  The old tax regime allowed companies to defer U.S. taxes until they brought back earnings held abroad. Under the new law, U.S....

From an MMT perspective.Clint BallingerOf Bitcoins and Balance Sheets: The Real Lesson From Bitcoin

In conclusion, while there is a dearth of evidence to date that the Trump campaign colluded in Russia’s cyberespionage attack on the 2016 election, there is abundant evidence that the Obama administration colluded with the Clinton campaign to use the Steele dossier as a vehicle for court-authorized monitoring of the Trump campaign — and to fuel a pre-election media narrative that U.S. intelligence agencies believed Trump was scheming with Russia to lift sanctions if he were elected...

A superb documentary about the Western financial system that could go bust any time it says. It describes how the central banks have been flooding the system with cheap money since 2008 to try to keep the financial system afloat, but the private banks have been able to multiply this many times over flooding the system with cheap money. This has created asset price inflation through ponzi schemes by flipping companies, shares, and property where the One Percent have been able to make a...

Like Keynes said.Lars P. Syll’s BlogThe causes of secular stagnation and the loanable funds theoryLars P. Syll | Professor, Malmo University

For the record, EVERYBODY is 100% long on deficit going up... and I mean EV-ER-Y-BOD-Y is long the deficit.These Peterson people are saying it is going back to $1T: Kick of the New Year with #NEC's first event of 2018: Marc Goldwein (@MarcGoldwein ) speaks on "The Return of Trillion Dollar #Deficits". Register here: https://t.co/k6UZQwC0zr — Natl Economists Club (@NatlEconClub) December 27, 2017 This level of conviction is the same as the position taken in the face of Fed doing the QE was...

It’s way past time to stop calling China the world’s factory.The country is increasingly the world’s consumer. Forget the old investment and export-focused growth model. Even more important is the changing nature of consumption, which no longer revolve around staples: Increasing sums are being plowed into movies, tourism and health care. Investors ignore this seismic shift at their peril.... The dragon is waking up.Bloomberg View Chinese Consumers Now Rule the World. Get Used to It. Tracy...