Mike Norman Economics

A majority of Americans are dissatisfied with President Donald Trump’s response to the violence that erupted last Saturday in Charlottesville, Virginia, according to a new poll conducted by the PBS NewsHour, NPR and Marist Poll.... PBSNew poll: Majority of Americans unhappy with Trump’s response to Charlottesville Laura Santhanam

VoxAn astonishing change in how Americans think about government-run health careSarah Kliff

President Trump, in a raucous press conference, again blamed "both sides" for deadly violence in Charlottesville He attacked business leaders who quit a White House panel over Trump's message on the weekend incident Trump combines indifference to conventional notions of morality or propriety with disbelief that others would be motivated by them It will interesting to watch the polling on how Americans relate to this. The US establishment might get a surprise. That would be a surprise for...

Useful short summary of Strauss & Howe's generational theory, chiefly The Fourth Turning, and Steve Bannon's interpretation of its implications for America and the world. Financial SenseThe Apocalyptic Vision of Stephen K. Bannon Stratfor

In essence, by the end of 2018, cryptos will be trading on the Moscow Exchange and integrated into the banking system to stand beside stocks, bonds and other derivative assets. Russia InsiderRussia Turns to Cryptocurrencies to Counter US Sanctions Tom Luongo

This view is what enabled slave holder and slave breeder Thomas Jefferson to write,  We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed…. In Jefferson's day in the US, many assumed (believed) that only...

Interview with Vlado Plaga in the German magazine FAIRCONOMY, September 2017.VP: You are advocating a revival of classical economics. What did the classical economists understand by a free economy? MH: They all defined a free economy as one that is free from land rent, free from unearned income. Many also said that a free economy had to be free from private banking. They advocated full taxation of economic rent. Today’s idea of free market economics is the diametric opposite. In an...

Jeet Heer has posted a timely and excellent essay at New Republic titled "Trump's Racism and the Cultural Marxism Myth." In his essay, Heer recounts much of the background to the Higgins memo that I have documented here, here and here. Heer credits William S. Lind as the major popularizer of the myth, as have I in my blog posts. What I'm posting here extends the analysis and reveals significant background about personnel and timelines to the story.... There is a subtext to this that one...

Short simple summary of the meaning of "money neutrality."  Money neutrality is a key piece of conventional (neoclassical) economics. Keynes rejected money neutrality in a modern monetary production economy. Money neutrality is also foundational to monetarism based on the quantity theory of money.Bond Economics Primer: Money NeutralityBrian Romanchuk