Mike Norman Economics

Arte TV yesterday showed the first parts of The Vietnam War by Ken Burns and Lynn Novick. It also runs on PBS. The first three parts of the ten part "documentary" are a whitewash of the motives of the politicians who sold the war to the public. The CIA's and military "deep state" machinations behind them is not investigated but covered up. Moroever, some of the salient facts are still classified, like who knew what when and what was kept from view.I would categorize works of this type as...

Trading insults.IndependentVenezuela's president says Donald Trump is 'the new Hitler' Alexandra Witts

The fight for Syrian oil is on, at least appears to be from reports. Hey, it's all "our oil."Fort Russ BREAKING: US military attempts to block Syrian governments access to ISIS-held gas, oilfields in Deir Ezzor Paul Antonopoulos

HowMuchThis Chart Reveals the Centralization of Bitcoin Wealth

Louisiana Republican Sen. John Kennedy plans to use the most recent effort to repeal and replace portions of the Affordable Care Act to push an amendment that would bar states from enacting their own single-payer systems, he told reporters on Monday. When asked by The Intercept on Tuesday about the status of his legislation, Kennedy said that the bill’s co-sponsors, Sens. Lindsey Graham, R-S.C., and Bill Cassidy, R-La., told him that the measure already bans single payer, but that he was...

Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website. Russia using its monopoly power as a currency soverign. RTPutin orders to end trade in US dollars at Russian seaports

Russia is gearing up technologically with military leading the way.Fort RussPutin: "Technological independence is key task of the military-industrial complex" Vesti - translated by Inessa Sinchougova AlsoRussia to build a 'military technopolis' Vesti Finance - translated by Inessa Sinchougova See alsoNumber of imported goods in Russia reaches historic low Izvestia - translated by Inessa Sinchougova

In discussing President Trump, there is always the soft prejudice of low expectations – people praise him for reading from a Teleprompter even if his words make little sense – but there is no getting around the reality that his maiden address to the United Nations General Assembly must rank as one of the most embarrassing moments in America’s relations with the global community.  Trump offered a crude patchwork of propaganda and bluster, partly delivered as a campaign speech praising his...

What is the most appropriate entry point to the study of a monetary economy in which government is currency issuer? Is it “the market”? Is it the definition: total spending equals total income? Is it real exchange? Real production? Is it total output? Total employment? Total value? Distribution of income? The origin of profit? Price formation? Competition?I would answer “no” to all these suggestions. They are all important aspects of the subject, but they are all embedded in something else....

Maintaining the core-periphery dichotomy of imperialism and colonialism under neoliberalism, Neo-imperialism, and neocolonialism. The Political Economy of DevelopmentThe ‘organised hypocrisy’ of US industrial policyNick Johnson