Mike Norman Economics

Those living in the bubbles of prosperity are largely unaware of the big picture, which is distorted by stats like per capita GDP.Wall Street On ParadeNew Economic Study Presents a Disturbing Map of the United States Pam Martens and Russ MartensSee alsoAsia TimesDespite recovery, 50 million Americans stuck in ‘distressed communities’ Asia Unhedged

Much is being made about the ostensibly omnipotent, omniscient, and omnipresent Russian propaganda machine. In the Western view, it decides Western elections and threatens the ‘global liberal order’. In fact, an anti-Putin media organ has published a comparison of the resources devoted to propaganda or ‘strategic communications (stratcomm) by Russian and just the US (excluding European) governments. It demonstrates that the American propaganda machine alone is approximately 3-4 times more...

FRBNY — Liberty Street EconomicsThe Treasury Market Practices Group: A Consequential First DecadeKenneth Garbade, Frank Keane, and Radhika Mithal

Even as China and Russia strategize to build an opposing pole of power, neither is immune to these truths. Both nations still crave positive relations with the United States. However, the window of US advantage to use its leverage is also closing. Therefore, it is imperative that the United States leverage its powerful alliances and global influence so that it negotiates effectively with both China and Russia to gain access to new markets and, more important, is not left out as a major...

Well, what do you know. North Korea has a market economy.Asia TimesNorth Korea gas prices have tripled after sanctions: reports Asia Unhedged

Superb Bill Vickrey quote.Lars P. Syll’s BlogPublic debt — an economic necessity Lars P. Syll | Professor, Malmo UniversityAlsoNeoliberal ‘ethics’

If only the MSM would report on this, but the MSM is owned by the elite who own the Military-Industrial complex. Once upon a time there were a few radical reporters in the MSM but now they are gone.Russia has provided evidence that Washington is collaborating with ISIS in attacks on Russian forces. http://russia-insider.com/en/politics/breaking-russia-presents-satellite-proof-us-troops-collaborating-isis-syria/ri21030 In one Washington-directed attack, ISIS tried to capture 29 Russian...

I should write something up soon, but as a spoiler, I think the outlook for MMT is good. The new textbook (April 2018 was the projected publication date) will greatly help to build up MMT's credibility amongst those (like myself) who lack access to a research library and journal publications. Bond Economics Conference Presentation Brian Romanchuk

That was quick. Less than a week after Facebook agreed to turn over to Congressional investigators copies of the 3,000-odd political advertisements that the company said it had inadvertently sold to a Russia-linked group intent on meddling in the 2016 presidential election, the contents of the ads have – unsurprisingly – leaked, just as we had expected them to. No smoking gun. Zero HedgeLeaked Descriptions Of Infamous "Russia Ads" Derail Collusion Narrative "They Showed Support For...

Ukraine’s Defense Ministry has sacked chief military psychiatrist Oleh Druz, who told lawmakers that 93% of veterans from the conflict in the country’s east need treatment for mental health issues. Radio Sputnik contributor Vladimir Filippov says Druz’s remarks, and Kiev’s reaction, are a testament to the senselessness of the country’s civil war. Filippov suggested that as far as Kiev is concerned, the only problem posed by the vets is the political danger they pose to the government – “to...