Mike Norman Economics

The American system relies to a surprising extent on foreign medical graduates, most of whom are citizens of other countries when they arrive. By any objective standard, the United States trains far too few physicians to care for all the patients who need them. We rank toward the bottom of developed nations with respect to medical graduates per population.… Although many feared that coverage expansions from the Affordable Care Act might lead to an overwhelmed physician work force, that...

Speech by Mr Andrew G Haldane, Executive Director and Chief Economist of the Bank of England, (co-authored with David Aikman, Sujit Kapadia and Marc Hinterschweiger), at the "Rethinking Macroeconomic Policy IV" Conference, Peterson Institute for International Economics, Washington DC, 12 October 2017.BISAndrew G Haldane: Rethinking financial stability

Harvard Business Review The “Smart Society” of the Future Doesn’t Look Like Science Fiction Bhaskar Chakravorti | Senior Associate Dean of International Business & Finance at The Fletcher School at Tufts University and founding Executive Director of Fletcher’s Institute for Business in the Global Context

Apparently, measuring the levels of two molecules—an individual’s C-reactive protein and fibrinogen (as in the charts above)—and matching them against their socioeconomic position starts to reveal the hidden mechanisms connecting social inequality and health. And the missing link turns out to be stress. Debt is a major cause of stress, and a rent-based economy is based on debt. Poverty is another major cause of stress, as is financial and economic precariousness. As more people join the...

According to the minutes of the last meeting of the monetary policy committee of the US Federal Reserve Bank, the most powerful monetary authority in the world, the committee members are split and unclear on what to do. “Some participants who counselled patience expressed “concern about the recent decline in inflation” and said the Fed “could afford to be patient under current circumstances.” They “argued against additional adjustments” until the central bank was sure that inflation was on...

The International Monetary Fund (IMF) released its biannual “World Economic Outlook” (WEO) today, presenting a 300-page overview of the world economy and where it might be going. The Fund is one of the most powerful and influential financial institutions in the world. Despite the fact that this flagship publication, and the Fund’s hundreds of PhD economists, missed the two biggest asset bubbles in US and world history (the stock market bubble in the late 1990s and the housing bubble that...

The IMF is one institutional which has been responsible for maintaining this world order. Since governments need exceptional financing, they are arm-twisted by the IMF. A recent United Nations General Assemby note, Promotion Of A Democratic And Equitable International Order, has recognized this and criticizes the IMF strongly.… The report is 18 pages long and critical of the IMF from the start to the end. Please read. You won’t find any discussion of the report in the mainstream media....

Trump trying the same tactic as the MMT people trying to simply point out that non-govt asset increases can be viewed as offsetting govt liability increases: https://t.co/RIi82OYgik Wherein MSNBC hosts have to explain to Donald Trump how the federal debt and stock market work. ??? #DumpTrump — Cat #Resistance ❄️ (@midUSAmom) October 13, 2017 Being met with same ignorance in response by the unqualified journalists and unqualified political economists and disgraced libertarians.Good luck to...

Last month, the Apple exec told Fortune about how the company developed the programming language Swift to encourage students of all ages to learn to code. “All this curriculum stuff is free. Anybody can have it that wants it around the world. We've done it in multiple languages,” he said. FortuneTim Cook Says Learning How to Code is More Important than English as a Second LanguageEli Meixler

Censorship marches on. Pinterest, the social media website known for bookmarking recipes or fashion ideas, was used to spread Russia-linked political posts during the 2016 presidential election.Pinterest became a repository for political posts created by Russians actors after other users on the web "pinned" the content to the scrapbook-like site, the company acknowledged to The Washington Poston Wednesday.It does not appear that the Russian operatives posted directly on the site, but...