Mike Norman Economics

Some national accounting.The Case For Concerted Action Do Bank Recapitalisation By The Government Lead To Higher Fiscal Deficits?V. Ramanan

The ‘infinite-horizon fiscal gap’ is just an infinity of nonsense. That is, if such a level of ridiculousness can be measured, which it cannot. So suffice to say a pretty large dose of nonsense. Certainly nothing to take seriously. Anyone who sprouts this nonsense declares themselves unqualified to discuss notions of sovereignty and the capacities of a currency-issuing state. But while some mainstream economists are firmly stuck in their Groupthink-riddled stupors with their...

Looks like it is on.Pence follow on comments on the anniversary: We remember our fallen heroes & those they left behind. We have a duty to honor their memory by defeating the enemy that took them from us. pic.twitter.com/jHXmHIdKHb— Vice President Pence (@VP) October 23, 2017 Meetings among the principals: .@CENTCOM Commander Gen. Votel hosted a dinner in honor of @Lebarmyofficial Gen. Aoun in the presence of other Lebanese and US officials pic.twitter.com/n4Q4AHKoML— U.S. Embassy...

The significance of this article lies not in the title, which is basically clickbait. The significance lies rather in the admission that NATO leaders are well aware that Russia is not planning to attack the Baltics. The military build up required that is not taking place now would alert NATO of the impending operation.The article goes on to say that Russia has no need of the Baltic countries, since it is building replacement ports on Russian Territory in the vicinity of St. Petersburg....

The Woz is apparently a nice guy. I hope he doesn't lose all his money storing it in Bitcoin.Zero HedgeSteve Wozniak: Bitcoin Is Better Than Gold And The Dollar Tyler DurdenSee alsoHere Comes Bitcoin Gold: Bitcoin Rally Falters On Latest Blockchain "Hard Fork"Tyler Durden Gold Is Better Store of Value Than Bitcoin – Goldman Sachs

A loosely knit collection of Syrian rebel fighters set up positions on March 18, 2013, and fired several barrages of rockets at targets in the heart of Damascus, Bashar al-Assad’s capital. The attack was a brazen show of force by rebels under the banner of the Free Syrian Army, targeting the presidential palace, Damascus International Airport, and a government security compound. It sent a chilling message to the regime about its increasingly shaky hold on the country, two years after an...

As the 2018 midterm congressional election campaigns grow nearer, the poll found that more than two-thirds of registered voters said reducing the U.S. federal budget deficit is more important than cutting taxes for the wealthy or for corporations.Trump’s plan would balloon the deficit and add to the $20 trillion national debt, according to critics and independent analysts, but Republicans say the tax cuts proposed in the plan would be offset by economic growth that would generate new tax...

The state of capitalism is in desperate need of reform and modernisation, according to some of the UK’s top business leaders, who claim that the system has been hurt by management greed, corporate tax dodging and investor short-termism. Speaking on a panel for the Financial Times, former minister Baroness Shriti Vadera, who is now chairwoman of Santander UK, said that “the underlying promise of western capitalist economies — that a rising tide lifts all boats — has been broken”. She said...

Intrigue. McClatchySteve Bannon’s already murky Middle East ties deepenAnita Kumar And Ben Wieder | McClatchy Washington Bureau

Repeating failure in expectation of success.This further exposes the CIA as a secret paramilitary organization rather than an intelligence agency as such.Moon of Alabama Phoenix 2.0 - CIA's Vietnam Terror Unleashed Upon Afghanistan bSee also In short a lot of activity, a lot of killings, a lot of doors kicked in, a lot of personal grudges paid off by fooling the Americans into doing your dirty work and not much else. Shades of Operation Phoenix in Vietnam. Russia ObserverNew US Operations...