Mike Norman Economics

The President’s news conference was broadcast live by Rossiya 1, Rossiya 24 and Channel One, as well as Mayak, Vesti FM and Radio Rossii radio stations. The President of Russia (official English translation)Vladimir Putin’s annual news conferenceDecember 14, 2017,  Moscow

History lesson. Trading one dogmatism for another?Michael Roberts BlogThe economics of Luther or Munzer?Michael Roberts

Nehlen (Ayn Rand fan-boy Ryan's nemesis and btw increasingly cozy with alt-right) makes an interesting observation: We never hear about welfare or food stamps running out of money, but we're constantly told about Social Security running out of money. Funny how that works. — Paul Nehlen (@pnehlen) December 15, 2017 Picked up by alt-right on cue: Also never run out of money for wars. https://t.co/hnAT8zRAFX— RAMZPAUL (@ramzpaul) December 15, 2017 They (alt-right) all are recovering...

[embedded content] This video might not work in your country. On my first attempt YouTube said it was not available in my country, so I did another search and it said the same thing, then suddenly it shot up on my screen. It's very good. Bill Binney resigned from the NSA in October 2001, after 30 years with the agency where he was viewed as one of their best analysts: he quit because he believed that Bush-appointed leaders in the Agency had chosen to respond to the challenge of electronic...

Andre Vltchek describes how the 1965 military/ Islamic coup in Indonesia wiped all traces of socialism replacing it instead with Western backed unbridled capitalism which has led to massive exploitation of the Indonesian people and their land. This once very beautiful country is now reduced to endless open mines, open sewers, masssive poverty, enormous pollution, where the extractive industries are run by local crooks and the Western elite. The Western media paints Indonesia as a thriving...

I always thought that it was probably a conspiracy theory that the CIA supported the Kosovo Liberation Army and started the war in Yugoslavia but I looked it up today and in Wikipedia it was all there, the drug trafficking, human body parts for transplants trafficking, organised crime running the KLA, and the involvement of BND, the German Secret Service, which is just an arm of the CIA because Germany is a vassal state of the US.  The Guardian - Peter Beaumont, Ed Vulliamy and Paul Beaver...

It's getting cold in Iowa so we are headed southwest. Expect intermittent posting through the holidays. Things are usually relatively quiet from now through the new year anyway.Wishing happy holidays to all.

The other day, Rethinking Economics and the New Weather Institute published "33 theses" and metaphorically nailed them to the doors of the London School of Economics. They're re-published here. I think the "Protestant Reformation" metaphor they're going for is definitely appropriate: they're aiming to replace "neoclassical economics" — the Roman Catholic dogma in this metaphor — with a a pluralistic set of different dogmas — the various dogmas of the Protestant denominations (Lutheran,...

Robert Kuttner reviews Karl Polanyi: A Life on the Left by Gareth Dale (Columbia University Press).The New York Review of BooksThe Man from Red ViennaRobert Kuttner

As the Federal Reserve meets today to decide how to communicate its messaging on future rate hikes and balance sheet reduction, financial stability will play a key role. Yesterday, I wrote about the Bank of International Settlements new warnings on financial stability. And just this morning, I read a piece from Goldman Sachs Asset Management EMEA division head Andrew Wilson, warning that the risk of overheating was real. So let’s put some framing around this issue and ask how the Fed reacts...