Mike Norman Economics

If you’re in the vicinity of New York City at the end of October, Levy scholars Randall Wray and Stephanie Kelton are taking part in a public meeting organized by the National Jobs for All Coalition. The meeting is part of a series of public events focused on the legacy of New Deal.... Multiplier Effect  Event: Strategizing a New New DealMichael Stephens

Russian President Vladimir Putin has called on IT companies in Russia to use domestically developed software, saying that soon the use of such foreign products will no longer be possible in certain sectors due to "high security risks." China has been working on this at least since 2014 according to news reports then.RTPutin: Russia to move away from foreign software for sake of security

... a government’s monetary sovereignty creates a potential for meaningful social progress. But it is only a potential, and can only be fulfilled through genuine democracy conducted by an informed citizenry. Right now, it is perhaps fair to say that an informed citizenry and, as a consequence, genuine democracy, are almost entirely lacking in the specific area of macroeconomics. At minimum, an informed citizenry would understand that, due to monetary sovereignty:If we can do it, we can...

This is a no-brainer. Large-scale money laundering. The push to delete cash to control crime is quickly being met by the rise in use of blockchain "currencies."As Yves Smith has said, "prosecution futures."Liberty Blitzkrieg The 1% Has Started To Embrace Bitcoin - Why It Matters Michael Krieger

So what happened today? Well, the PBOC has just U-turned, and has given a greenlight to the same FX speculators whom it criticized (remember the Chinese anti-Soros media campaign), slammed, punished, and in some cases arrested, to now short the Yuan once more.On the surface, this is a brilliant solution to Beijing's problems: it lowers the Yuan on one hand, and on the other, it's not the PBOC who is manipulating the currency, it's the evil speculators who are "guilty."… Now the question,...

More grand chessboard.More interference in countries most Americans don't know where are and some they never even heard of. Why? "China." Translation: Maintaining permanent US global hegemony. CounterpunchAmerica’s Long War: US Tightens the Noose on ChinaSean Stinson

Nostalgia. For the weekend.If you don't recognize the names Paul Krassner, Jerry Rubin, and Abbie Hoffman, you can pass on it.CounterpunchHippies, Yippies, Radicals and PrankstersPaul Krassner | editor of The Realist

In an address to a new legislative superbody, Maduro said:  “I am announcing that Venezuela intends to introduce a new international payment system and to create a currency basket for the liberation from the dollar and, [we intend] to free ourselves from the clutches of the dollar, the currency that is strangling our country.”  “If they pursue us with the dollar, we’ll use the Russian rouble, the yuan, yen, the Indian rupee, the euro,” Maduro said.... Another wipe at what's left of...

The plot thickens as Israel feels forced to reveal its hand in the game. Sic Semper Tyrannis Israel is testing Russia...Col. W. Patrick Lang, US Army (ret.), former military intelligence officer at the US Defense Intelligence Agency

A picture is worth a thousand words.Lars P. Syll’s BlogModern societyLars P. Syll | Professor, Malmo University