Mike Norman Economics

Giving the GOP establishment heartburn. Hey, they asked for it. RawStoryJoe Arpaio tells GOP he’s hot on the trail of Obama’s birth certificate and running for Congress Newsweek also Newsweek Joe Arpaio Revives Birtherism, Defends Record As Sheriff, Teases Return To Politics In Fresno Alexander Nazaryan See also FortuneRoy Moore Makes Ted Cruz Look Like a DemocratAllen Tullos is a professor of history at Emory University

Quite probably of course the very success of my blog, which jumped from 26000 monthly connexions to more than 200 000 monthly connexions could explain why what was thought to be “tolerable” in 2012 is no more by 2017 under Mr Macron’s rule.This suspension amounts to an act of arbitrariness and an act of politically motivated censorship.... Censorship rears its ugly head in France under the Macron government. The ruling elites of the world getting worried?Real-World Economics Review...

Synopsis review.Thoughts On EconomicsDean Baker's Rigged And Robert Reich's Saving CapitalismRobert Vienneau

Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese President Xi Jinping said... “If we deviate from or abandon Marxism, our party would lose its soul and direction,” Xi said. “On the fundamental issue of upholding the guiding role of Marxism, we must maintain unswerving resolve, never wavering at any time or under any circumstances.”Xi said the party should better integrate the basic tenets of Marxism with the “reality of contemporary...

Progressives will make political gains when they stop assuming voters respond to nuanced arguments and ideas.… Progressives lose at the ballot and across the culture because they consistently overestimate the intelligence and decency of the American people.  SalonDumb it down, Democrats — or prepare to lose again David Masciotra

Masoud Barzani has overplayed his hand – no regional powers are going to assent to partition of Iraq. Backgrounder. Asia Times Unravelling the riddle of the Kurds’ Iraqi pipedream Pepe EscobarSee alsoEconospeakThe Kurdish Independence VoteJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

More on the proposed changes to bank regulatory capital requirements here from the Peterson people.Article is anti-proposal but there is still some good confirming data there regardless. How much would the Treasury's proposed exemptions from the exposure base reduce the effective capital requirement for the US G-SIB banks?  One indicator is that the Treasury considers that "Large U.S. banks hold nearly 24% of their assets in high-quality liquid assets such as cash, U.S. Treasury...

Moving towards a cashless economy will end cash in hand and ensure all taxes are collected while the big corporations and the mega rich encourage governments to create even more tax loopholes for themselves. The hypocrisy is staggering:  All the taxes are being shifted onto ordinary people stifling the economy while elites get the public to pay for their wars, their military machine, for the next generation of unneeded nuclear detergents, and for the infrastructure and legal system they need...

Former White House strategist and current Breitbart News executive chairman Steve Bannon has teamed up with conservative donors Robert and Rebekah Mercer to promote insurgent candidates to challenge the GOP establishment and create an organizational apparatus to advance the populist and economic nationalist policies championed by those candidates.... Breitbart News The Long Game: Bannon Creates Political Coalition to Advance Populist Economic Nationalist Agenda and Smash the Establishment...

MMT is breaking into the big time.Los Angeles TimesOp-Ed — Congress can give every American a pony (if it breeds enough ponies) Stephanie Kelton | professor of public policy and economics at SUNY Stony Brook, chief economist on the U.S. Senate Budget Committee in 2015, and an economic advisor to the Bernie Sanders 2016 presidential campaign.