Mike Norman Economics

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

MMT, SFC, NIPA, FFA, etc. Must-read. Longish and detailed. Weekend reading.Angry BearWhy Economists Don’t Know How to Think about Wealth (or Profits) Steve Roth originally published at Evonomics 2016

Hillary Clinton's attacks on Bernie Sanders in her new book "What Happened" show why she lost the election. Her comments illustrate how out of touch Clinton still is and point to why she didn't recognize widespread voter anger during her presidential campaign. Sanders and Trump still come off as authentic fighters who were able to capitalize on voters' anger. In addition, HRC to Bernie Sanders, HRC also blames Barack Obama, Joe Biden, James Comes and, of course, Vladimir Putin. And she...

Global appetite for US Treasuries as "safe assets." This is a primary function of a reserve currency as a saving vehicle that is regarded as a safe haven.EconomonitorCurrent Account Deficits and Safe Assets Joseph P. Joyce

Following his ouster from New America, antitrust scholar Barry Lynn talks to ProMarket about academic capture and the power of digital platforms like Google. I don't know about "slow and creeping." A lot of influential think tanks were founded by big money to promote ruling elite ideology as a means of influence and propaganda. Coupled with increasing centralization of media control and inroads of influence into eduction, the forum free enquiry and debate is shrinking.ProMarket — The blog...

The American aristocracy want inequality of rights, with two basic polar-opposite classes: the ‘elite’, with themselves at the top of everything, and everybody else below them, as subjects to be ruled by them, in such ways as they (themselves, and their fellow ‘elite’) can agree to do. They are convinced that they have earned their high status, in one way or another, and they compete ferociously amongst themselves, to rise even higher within the aristocracy. This is the essence of...

If this is the art of the deal, I consider it to be a meisterstuck. Sic Semper Tyrannis 3 Parties; Democrats, GOP and TrumpCol. W. Patrick Lang, US Army (ret.), former military intelligence officer at the US Defense Intelligence Agency

Another side benefit of the entrepreneurial state military R&D.Asia TimesCIA has 137 projects going in artificial intelligence Asia UnhedgedSee Also "Artificial intelligence is the future, not only of Russia, but of all of mankind," Putin said. "Whoever becomes the leader in this sphere will become the ruler of the world." After seeing Putin's comments, SpaceX and Tesla CEO Elon Musk tweeted that "competition for AI superiority at national level (is the) most likely cause of WW3."...

It didn't studies to know this hypothesis is wrong, but here it is. A problem with appealing to "rationality" is that it opens a backdoor to sneaking in ideological assumptions.Lars P. Syll’s BlogMilton Friedman’s permanent income hypothesis — so wrong, so wrongLars P. Syll | Professor, Malmo University