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Mike Norman Economics

Links — 22 August 2022 Part 2

RT — Question More (Russian state-sponsored media)The only thing keeping US and China from war is running dangerously thinScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons inspectorhttps://www.rt.com/news/561182-china-taiwan-us-war/Sputnik International (Russian state-sponsored media)Russia to Raise Murder of Daria Dugina at...

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Links — 22 August 2022 Part 1

Moon of AlabamaUkraine - Dugina Killer Identified - War Of Attrition Continues ("The killer, one Natalya Vovk, is associated with the Azov Nazis of Ukraine. So is her brother. Both are in Ukraine right now." Linked to Ukrainian intel,)https://www.moonofalabama.org/2022/08/ukraine-dugina-killer-identified-war-of-attrition-continues.htmlThe Vineyard of the SakerRussia releases video of suspected Moscow car bomber (nailed...

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Bill Mitchell — Deep Adaptation – Part 1

As part of the my research on the concept of a ‘poly crisis’, which is the focus of my next book, I have been reading a lot about urban systems, building codes, and other facets of the climate problem. In that vein, I have been considering the concept of – Deep Adaptation – which emerged from the work of British academic Jem Bendell in 2018. His seminal paper – Deep adaptation: a map for navigating climate tragedy – was updated in July 2020 as – Update. The author has a background in...

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Fly like an eagle, Darya Dugina — Pepe Escobar

If Pepe Escobar didn't state it explicitly enough, here it is clearly: Ukraine, acting as a proxy for NATO (read US and UK) has launched a war of terror against Russia. Along with other recent incidents striking into Russia/Crimea, this appears to be the vaunted counter-offensive. Now the question is what will Russia do about it. While the chief concern of most is revenge, the reality is that this is looking like a new tactic, based on an old strategy, undermine Russian public opinion to...

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Links — 21 August 2022 Part 1

India PunchlineUS taunts Russia to escalate in Ukraine (Important. This post doesn't mention it but Russia keeping its best troops and most advanced equipment in reserves for the expected war with NATO, i.e., the US.)M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/us-taunts-russia-to-escalate-in-ukraine/The Stephen Lendman BlogUndeclared US War on Russia (Russia and China know that the US is at war with Russia...

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Can We Still Afford Social Security and Medicare? Breaking it down with MMT economist Scott Fullwiler — Stephanie Kelton

What follows is a series of tweets from MMT economist Scott Fullwiler. Scott is no longer on Twitter, but he sent me an archive of this thread so that I could share it with all of you. If you read it carefully, you’ll notice a sharp departure from the usual focus on Trust Fund balances and financial shortfalls. I wish everyone involved in covering these debates and crafting legislation would take the time to think through what Scott says below. It would lead to a much more productive...

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Bearish QT review

The list is endless…$SPY The last time the Fed began Quantitative Tightening (QT) was back in September 2018. Stocks immediately fell -20% the next 3 months. The Fed will begin QT again in September 2022. Wonder what will happen... Heart if u are thinking what I am thinking... ❤️‍🔥 pic.twitter.com/ym33twD2kf— Heisenberg (@Mr_Derivatives) August 18, 2022 Quite a rally given Quantitative Tightening, right? No. The Fed's has not yet reduced its Mortgage-Backed Securities Holdings, which have...

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Quote from Rabbi

I have to 99% agree with this Rabbi guy specifically here:"the Bible represents the great anti-Platonic narrative in Western civilization".And btw you know its bad because you can see that moron methodology… FAILING… EVERY… DAY..But go figure the whole of Christendom is run by these unqualified Platonists… ie Christendumb…In this respect, as Rabbi Jonathan Sacks (@rabbisacks) put it, "the Bible represents the great anti-Platonic narrative in Western civilization".Plato saw moral progress as...

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Eighty-Seven Years and Counting — Stephanie Kelton

To preserve Social Security for future generations, we need to move beyond the usual "solvency" fights....The LensEighty-Seven Years and CountingStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/eighty-seven-years-and-counting

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Links — 20 August 2022 Part 1

Paul Craig RobertsRussia’s Destruction of the Ukraine Military (best short summary of the SMO I have seen so far)Paul Craig Roberts | formerly Assistant Secretary of the Treasury for Economic Policy, associate editor of the Wall Street Journal and a columnist for Business Week, Scripps Howard News Service, and Creators Syndicatehttps://www.paulcraigroberts.org/2022/08/19/russias-destruction-of-the-ukraine-military/Gilbert Doctorow — International relations, Russian affairsJohn Mearsheimer’s...

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