Mike Norman Economics

The Great Repeal Bill grants May’s ministers the power to rewrite reams of British law without democratic oversight. Not only will there be no longer an equivalent to the Francovich ruling. The Great Repeal Bill will also diminish human, civic, social and environmental rights. It will considerably strengthen the position of the executive. A British Bill of Rights and “free” trade deals will replace the Human Rights Act and the jurisdiction of the European Court of Justice. Agreements will...

Earlier this month (August 11, 2017), Eurostat published the latest European Union data for – Young people in the EU: education and employment. This data now allows us to track the fortunes of three age cohorts – 15-19, 20-24 and 25-29 years since before the crisis to the end of 2016. So a teenager prior to the crisis (2007) would be transiting into the 25-29 years cohort in 2016. One of the disturbing trends shown in the data is the increasing number of young people in the older ‘youth’...

Another Pentagon observer had a much different take. “This is Joe Biden’s plan, all the way,” he said, referring to the then-Vice President’s recommendation to Obama back in 2009. “Biden said that we should increase counterterrorism operations, draw down U.S. forces in the provinces, increase pressure on Pakistan and make a deal with India. Obama said ‘no’ to the idea, but you can bet Mattis was listening. This is his plan all the way.” Almost everyone at the Pentagon agrees, though key...

First, let me say that two primary goals of macro policy everywhere and always should be full employment and stable prices. Why? I am looking at this purely through the lens of the political economy – thinking about how our fellow citizens live and breathe the economy and how government should be designed to respond to their needs. On the jobs side, we have seen that high unemployment leads to political instability, economic turmoil and conflict. When you have masses of people unemployed or...

The Russian "doomsday machine" continues to safeguard the country's sovereignty and national interests, RIA Novosti contributor Alexander Khrolenko writes, shedding light on how Perimeter, an automatic nuclear-control system dubbed 'Dead Hand,' actually works.… After the end of the Cold War, the Russian "doomsday machine" was removed from combat duty in 1995. However, "the United States and its allies did not appreciate this gesture of goodwill of the leadership of the Russian Federation,...

Information overload.Intel TodayCIA Dr Richards J. Heuer: “Information Collection vs Analytical Methods”

Game-changer? INSURGE intelligence - MediumInside the new economic science of capitalism’s slow-burn energy collapseNafeez Ahmed

Wall Street appears to have a plan to get the deregulation it wants by pinning the start of the epic financial crash of 2007-2010 on (wait for it) the French, rather than its own unbridled greed, corruption and toxic manufacture of junk bonds known as subprime debt that it paid to have rated AAA by ethically-challenged and deeply conflicted rating agencies. (The same rating agencies that are getting paid by Wall Street to rate its debt issues today.)... Wall Street On ParadeWall Street’s...

Graphics and video. Big social, political and economic consequences in store.World Economic ForumThis alarming chart shows the reality of global warming over 100 yearsJohn McKenna

Some interesting history. The Levellers were one of the inspirations for classical liberalism and laissez-faire. Libertarianism is a contemporary manifestation of classical liberalism, in contrast to neoliberalism, which incorporates a role for the state in promoting commerce and capital formation.Mises Institute — Mises WireThe Levellers: The First LibertariansRoberta A. Modugno