Mike Norman Economics

Backgrounder.GeopoliticaIranian view on Multipolarity in the New World Mohammad Asghari, Sayed Mostafa Mousavi and Ali Akbar Taheri

President Donald Trump praised China for “helping” the US in the North Korean crisis in a Sunday TV interview with Fox News network and noted that he has an “exceptional relationship” with Chinese President Xi Jinping. Trump also said on Fox’s “Sunday Morning Futures” that China has the “power to do something very significant” in the continuing face off with Pyongyang.... Asia Times Trump: China ‘helping’ with N. Korea, has ‘exceptional relationship’ with Xi Asia Unhedged...

Honest Ads Act requires Google, Twitter, Facebook to open ads to public review. Ars TechnicaProposed law would regulate online ads to hinder Russian election influence David Kravets, senior editor for Ars Technica and founder of TYDN fake news site TheYellowDailyNews (TYDN) is satirical parody. Any rational relationship to reality is coincidental. Its publisher is David Kravets, the senior editor at Ars Technica.

Short review of Dani Rodrik's latest book, Straight Talk on Trade: Ideas for a Sane World Economy. In that sense the title of the book is rather misleading. Although it is discussed a lot, this is hardly just a book about trade. Indeed the subtitle “Ideas for a sane world economy” conveys a better picture of what it is about. The book is based on a collection of articles written for Project Syndicate and elsewhere, and occasionally the joins show. But that feeling quickly gets lost in a...

Neoliberalism versus market socialism with Chinese characteristics. Which wins? Since Deng introduced market socialism, China has been kicking butt in terms of growth rate, defying neoliberal predictions, while neoliberal economies have been mired since the 2008 crisis. What's up with that? Adair Turner explains. What is overlooks, however, is the history of the US, which adopted the American System over the British system as a result of Alexander Hamilton's influence and followed...

Symptoms showing why both deconstruction and inclusion are necessary in economics to avoid cognitive sclerosis.Coppola CommentBeyond disappointment Frances Coppola

It appears to come from right-wing loon and goldbug Edmund Contoski: WCEG — The Equitablog Note to Self: Where Does the Use of "Takers" as in "Makers and Takers" and "A Nation of Takers" Come From? : It appears...Brad DeLong

During my recent hiatus from blogging, I have been pondering an important paper presented in June at the History of Economics Society meeting in Toronto, “The Standard Narrative on History of Macroeconomics: Central Banks and DSGE Models” by Francesco Sergi of the University of Bristol, which was selected by the History of Economics Society as the best conference paper by a young scholar in 2017....  Sergi’s paper is too long and too rich in content to easily summarize in this post, so...

Infographic EcnsThe Thought on Socialism with Chinese Characteristics for a New Era

And remember that stimulus year (FY2009) included the $350B of capital to banks just to cover the $Ts of non-risk assets the Fed created in the first place and crashed the whole system; ie not spending for government consumption or transfer payments. And FY2018 is starting out even higher. Now is not the time to be calling for a recession next month. HIGHEST SPENDING SINCE OBAMA'S STIMULUS https://t.co/ryzOmR9rGd — DRUDGE REPORT (@DRUDGE_REPORT) October 20, 2017