Mike Norman Economics

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...

During my postgraduate study years I read a 1954 article by American economist Clark Kerr entitled – The Balkanization of Labor Markets – which attacked the mainstream labour market views that there was mobility within labour markets such that poverty arising from low-pay was a function of workers’ preferences for low education and more leisure (that is, unemployment). As such, there was no reason for the government to intervene to improve wages or job security. Kerr’s thesis was that there...

Different approaches to official ID.RTSocial network profile to become official ID in China Travel & LeisureDriver Licenses From Nine States Won’t Be Valid IDs for Domestic Flights in 2018

Knowing all of this has tremendous potential for recognizing collective intelligence in human life where it currently exists and socially constructing it where it is needed. However, most of what I have recounted is new, emerging only within the last two or three decades, and is often not reflected in the thinking of otherwise smart people on the subject of collective intelligence. In particular, there is a tendency to naively assume that collective intelligence emerges spontaneously from...

Will the 21st century be the Asian century? The growing importance of Asia's major economies will continue in 2018 and beyond, according to a league table that sees the region dominating in terms of size in just over a decade. The report by the Centre for Economics and Business Research in London sees India leapfrogging the UK and France next year to become the world's fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of...

[embedded content] In a truly heartless move by the Trump Administration, they have announced that they're going to be ending a program funded by the Federal Government that is supposed to house homeless United States veterans. Now, the program costs about $460 million every year, and the reason they're trying to end it is because, again, they're trying to reduce the deficit that they created with their massive tax breaks. One of the ways they're going to do that is to stop trying to find...

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors. The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part:...