Mike Norman Economics

In one of the most horrendous blows to press freedom since the anti-communist witch hunts of the 1950s, the U.S. Department of Justice has forced the news broadcaster RT America to file under the Foreign Agents Registration Act (FARA). The assault on RT America, on which I host the show "On Contact," has nothing to do with the dissemination of Russian propaganda. It is driven by RT America's decision to provide a platform to critics of American capitalism and imperialism, critics who...

RT America’s Ashlee Banks asks NSA whistleblower Bill Binney why do you think that improving relationships with Russia is such a threat to the US establishment he replies saying it's because the Military-Industrial Complex want to start another cold war to swindle and fleece Americans out of even more $trillions. [embedded content] President Donald Trump repeated his assertion over the weekend that Moscow did not meddle in the 2016 presidential election, in direct conflict with...

My latest book: An Introduction to SFC Models Using Python is now available as a paperback edition.… Stock-Flow Consistent (SFC) models are a preferred way to present economic models in the post-Keynesian tradition. This book gives an overview of the sfc_models package, which implements SFC models in Python. The approach is novel, in that the user only specifies the high-level parameters of the economic model, and the framework generates and solves the implied equations. The framework is...

Taking the long view with central planning. Achieving the lofty development goals China's leaders have set will not be easy. But with a clear development blueprint and a powerful leader whose political clout all but guarantees continued reform, the country seems to be in a strong position to sustain its unprecedented economic success in the coming decades.  Short article for addressing such a large undertaking, but it's comprehensive. The Chinese leadership knows where it wants to go. Now...

On August 19, 1964, the then US President Lyndon B. Johnson established the – National Commission on Technology, Automation, and Economic Progress. He established the Commission in response to growing concern during the deep 1960-61 recession that the unemployment had been created by the pace of technological change. Ring a bell! He wanted to an inquiry to explore this issue and come up with recommendations on how to deal with the possibility that automation was wiping out jobs and the...

In other words, it is not the behaviour of the individual agents that determines the model’s overall structure, nor even the structure of the preference ranking. Instead it is the macro requirement for a particular structure which dictates the behaviour attributed to the individual agents.[2] The “purpose” of this “particular, useful structure” is to rationalize the macro “conclusion” assumed at the beginning of the exercise. The resulting model shows micro phenomena determining macro...

From the informal meetings it looks like Trump and Putin definitely get along with each other. It's good to see it.  [embedded content]    At the 2017 APEC Summit, held between 10 – 11 November in Vietnam, a bilateral meeting between Presidents Putin and Trump was supposed to take place. Russia’s Press Secretary, Dmitry Peskov, stated that “while both sides were trying to organise the meeting, the United States offered a time and place that only suited them.” "The only time proposed...

Fun.Lars P. Syll's BlogOn Econs and HumansLars P. Syll | Professor, Malmo University

About Afghanistan. There is method to the madness of staying in Afghanistan. The US deep state doesn't want to actually "win" the war, which would be a reason to leave and "save money,", since continued US military presence there is essential in terms of geopolitics and geostrategy, which is focused on US hegemony. Afghanistan is a key piece in controlling Central Asia and the Eurasian landmass. This is a part of a proxy war with Russia and China. Tom DispatchNever-ending war:...

Scott Adams grades Donald Trump in key areas. A few A's and one F'.Dilbert BlogPresident Trump’s 2017 Report Card (first draft)Scott Adams