Mike Norman Economics

In 2009  Satoshi Nakamoto put out his research paper on Bitcoin and the software engineers who studied it said it was bullet proof but in 2011 he vanished into thin air saying he had other interests to pursue and his Bitcoin wallet has been untouched ever since and is now worth $4 Billion. Maybe he isn't bothered because he knows that in a few years time it would have doubled, and then later, double again, but I would have thought it would be worth at least cashing in a $Billion of it to...

And so it begins.Fort RussOFFICIAL: US and Russian Air Forces engaged in Syria, US acts as ISIS' air force Joaquin FloresrelatedMoon of AlabamaSyria - ISIS Is Defeated - The U.S. Is Next In Line bZero HedgeIran's Revolutionary Guard Sends Formal Message To US Military: Leave Syria Or Else Tyler DurdenalsoRussia to classify state procurement information, bypass sanctions KtovKurse - translated by Inessa Sinchougova AlsoDebunking British intelligence propagandist Bellingcat (Elliot...

As an evolutionist critiquing the field of economics, I felt like a disciplinary outsider until I encountered the work of Friedrich Hayek. The Austrian economist was himself critical of Walrasian general equilibrium theory and proposed a radical alternative: Economic systems are a form of distributed intelligence that evolved by cultural group selection. They work without having been designed by anyone. That was my area of expertise. I had to admire Hayek as a pioneer, especially since...

Employment opportunities at debt collection agencies. Should drive up alcohol and drug sales, too.Angry BearAmericans and debt…Dan Crawford

Say what you want about the backers of Bitcoin, they managed to create a currency unit that acts in the insane fashion that matches the way money works in mainstream economic models. For anyone with any attachment to reality, it offers a very good real world explanation why the DSGE approach to economics is inherently useless. It is an extremely safe bet that this lesson will be completely missed by the mainstream economics profession.... Bond Economics Bitcoin As A Vindication Of...

Just a tip of the iceberg. We're all "shocked, shocked, shocked" that the US media would do such a thing. As I tell my many friends who know I watch this stuff, if you can't be sure what is true and what is not, don't believe any of it. The InterceptThe U.S. Media Yesterday Suffered its Most Humiliating Debacle in Ages: Now Refuses All Transparency Over What Happened Glenn GreenwaldSee also Having been on the receiving end of three "fake news" stories in the past week, betwee the ABC...

ABSOLUTELY MUST-READ!!! 'Nuff said.Une parole franche Speech to The National Press Club, Washington, D.C., 7 December 2017Gilbert Doctorow | European Coordinator of The American Committee for East West Accord Ltd.

Bank regulatory parameters matter both pro and con... The Basel Committee on Banking Supervision on Dec. 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant increase” of overall capital requirements, the regulator said. For some big banks, capital demands will actually decline.  The "stability creates instability!" morons don't understand this. Huge rally in...

Leaked pitch to Trump administration warns of China’s goal to control key tech resource Resources wars? Asia TimesErik Prince’s plan for Afghanistan’s rare metals revealed

Data show rising dissatisfaction with economic status quo. The millennial generation is the largest demographically, and it is poised to begin taking over power as the boomers start fading. AlterNet Millennials and Capitalism Just Don't Mix Emily C. Bell