Mike Norman Economics

MMT, but it's a mixed bag. Some good, some not so good and some sort of ugly (Fed). But worth being aware of.The PolemicistBehind the Money Curtain: A Left Take on Taxes, Spending, and Modern Monetary Theory Jim Kavanagh

I just stumbled over a very nice figure from Destatis, Germany’s statistical office. It shows GDP and how you arrive at the correct number using the production, expenditure and income approaches. econoblog 101German GDP for students of economicsDirk Ehnts | Lecturer at Bard College Berlin

Meanwhile, Twitter's internal analysis of the hashtag has thus far found that authentic American accounts, not Russians, are driving #ReleaseTheMemo, according to The Daily Beast....  Zero HedgeDemocrats Demand Twitter, Facebook Crackdown On #ReleaseTheMemo "Russian Bots", There Is Just One Problem...Tyler Durden

The shoe is dropping? Russiagate, Trumpgate, now FBIgate. Sic Semper Tyrannis Evidence of FBI Conspiracy Grows Publius Tacitus

Setting the record straight on the fake news about the White Helmets and suppression of dissent.Renegade NewsThe Guardian, White Helmets, and silenced comment Tim Hayward | Professor of Environmental Political Theory at At Edinburgh University and founding Director of the Just World Institute and the Ethics Forum. He is a founding member of the Britain and Ireland Association for Political Thought

The military attache of the Chinese Embassy in Moscow, Major-General Kui Yanwei has called on Russia to jointly resist the pressure of Washington. Only in this way, he asserts, can we ensure peace in our regions and on the whole planet. Tsargrad was one of the first to report about this truly sensational statement, noting that it was made during a meeting with the chairman of the Federation Council Committee on Defense and Security, Viktor Bondarev.... The US is back to square one after...

This not only adds to gold reserves but it also pumps rubles into the economy without "debt financing" or taxation to "balance the budget."Fort RussRussian Central Bank buys 100% of the gold mined in Russia Rusvesna - translated by Inessa Sinchougova

Now, with ECOT imploding, some state politicians have floated the idea that Lager, who has made millions in profits off the school and come a long way from the Waffle House, should be personally held responsible for paying back some of the $80 million owed to the state. But while the coming days will reveal if the political will or mechanisms exist to make this happen, it’s unclear how he might ever be held accountable because the real scandal is that ECOT grew up legally, with the support...

A few of you have been demanding this, here are those who come to mind, note that “influence” does not have to mean I agree with them. And I am sticking with the West, otherwise Uncle Xi wins hands down.Marginal RevolutionThe five most influential public intellectuals?Tyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center My quick list in no particular order. I do not limit myself geographically....

UK Column News is a small independent British news organisation which was started because they felt the corporate media was not putting out the real news. They say that BIS has identified 10% of UK companies as being zombie companies where their interest payments on their loans exceeds their earnings and that 17% of American companies are zombies too. They say that even a slight increase in interest rates will make 25% of British and American companies become zombies. UK Column News then go...