Mike Norman Economics

De-dollarization is a key principal of the concept of Resistance Economy President Putin arrived in Tehran on 1 November for talks with the Ayatollah Khamenei. First, to cement the Nuclear Agreement of 2015 (Vienna), as far as Russia is concerned, thereby sidelining Trump’s attempt at reneging on the agreement. Second, to sign billions worth of tripartite hydrocarbon deals between Russia, Iran and Azerbeijan. And this in ruble. NOT in US dollars, thus, effectively detaching Iran from...

There was a bit of Putin bashing in the Guardian today and a reader replied criticizing Russia's invasion of Crimea. He also mentioned Putin's 'oligarchs'. I wrote this below.    Where are the pictures of Russian tanks and soldiers marching into Crimea? Not even the US can produce any with its amazing satellites of mass surveillance which can track our every move. Spooky or what?  The Russians get free health care unlike in the US where the oligarchs scam the public.           From...

Bernie appears to have had an impact. To obtain this information, the research and data firm YouGov surveyed 23,000 people aged 16 and over. Two of the survey’s findings included that 59 percent of total Americans would rather live in a capitalist country, with 34 percent preferring a socialist nation.When focusing on millennials, the survey revealed 44 percent of those surveyed would rather live in a socialist nation, compared to 42 percent who would prefer a capitalist country. The...

What Americans should be concerned with rather than Russiagate regarding the corrupting of the political process and thereby American "democracy," such as it is.Sic Semper Tyrannis Trump Was Right, The Election Was Rigged Publius Tacitus See also for the other side At this point I will defer judgement until Brazile addresses the discrepancies between her account and documents that are available in the public domain. That is precisely what Sen. Warren should have done as well. Washington...

This blog is short and only serves to provide a link to the video of the Q&A that followed my presentation at the British Labour Party Annual Conference Fringe Event on September 25, 2017. The presentation introduced the Reclaiming the State Project – and discusses my new book (with Thomas Fazi) – Reclaiming the State A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto, September 2017).The main presentation that preceded the Q&A is – HERE. Bill Mitchell – billy...

Backgrounder. It's longish, so save it for weekend reading. It is the best analysis of Russian conservatism I have run across. They discuss the economy near the end. The beginning is Rusian history and the middle is Russian politics. Russian public opinion is more sovereigntist, more conservative than the Russian government. Most Russians are not raging liberals clamoring for universal rights, freedom and democracy, and internationalism. They are first and foremost Russians, for whom the...

The Federal News Agency has announced political censorship by Google .. Fort RussRussian Federal News Agency (Riafan) announces political censorship by Google.news Rueconomics.ru, translated by Tom Winter

All this does not mean there is no natural unemployment rate, only that there is nothing natural about it. There never was. Project SyndicateNothing Natural About the Natural Rate of Unemployment Edmund S. Phelps | 2006 Nobel laureate in economics, and Director of the Center on Capitalism and Society at Columbia University

Last Friday I posted five economic questions I'm frequently asked. Earlier this week I discussed: Are house prices in a new bubble? Another common question is: Is a recession imminent (within the next 12 months)? Once again my short answer was: No. Calculated RiskIs a Recession Imminent? Bill McBride

This picture of a circuit with no source used as symbolism is being tweeted/retweeted lately taking some shots at "Keynesianism!" etc.  : Keynesian economics — the dream. pic.twitter.com/fn7JMZ5ES8 — TakingHayekSeriously (@FriedrichHayek) October 28, 2017 This is nothing new from this cohort of mankind; this is an equivalent picture of the serpent eating its own tail from an ancient pagan sect which is the same type of agnostic/atheist thing that we get from these libertarians today:...