Mike Norman Economics

It's not well-known that people pay into Social Security only on the first $147,000 they make. While most fall far below this level and pay year-round, those with high salaries only contribute for part of the year.The LensSocial Security Independence DayStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator...

The Vineyard of the SakerLugansk PR liberated. 3M22 Zircon as strategic factorThe Saker Staffhttp://thesaker.is/lugansk-pr-liberated-3m22-zircon-as-strategic-factor/A Son of the New American RevolutionWestern Lies, Russian Success–It Ain’t the Flow of Weapons, It is the SoldiersLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S....

A Son of the New American RevolutionRussia Grinds On and Ukraine Chases a SquirrelLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)https://sonar21.com/russia-grinds-on-and-ukraine-chases-a-squirrel/Moon of AlabamaLysichansk Is Under Control Of...

One of the major issues with the internal logic of neoclassical macro is the handling of credit risk. The problem of credit is acute for Dynamic Stochastic General Equilibrium models because they are allegedly based on “microfoundations.” However, the theoretical problems remain for any aggregated mathematical model. The advantage of heterodox economists is that they do not make a big deal about the alleged internal consistency of their mathematical models, and so they are more willing to...

To borrow a phrase from Gertrude Stein, “There is no there there.” The trust funds exist merely as accounting entities. We don’t need them to carry a positive balance—or any balance whatsoever—in order to preserve Social Security for future generations.The LensSave Social Security From its 'Saviors'Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser...

1945U.S. Generals Have Been Wrong on Ukraine. We Shouldn’t Be ShockedLt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Prioritieshttps://www.19fortyfive.com/2022/07/u-s-generals-have-been-wrong-on-ukraine-we-shouldnt-be-shocked/Reminiscence of the FutureAh, Olaf Scholz Got The MessageAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/07/ah-olaf-scholz-got-message.htmlNotes from...

Navarro guest hosting for Bannon reviews his short equity call from a few months ago which has turned out to be a BIG winner at this point….  Blames the current  “stagflation!” brought about by the Biden admin policies…Recommends to keep the short position on here…We’ll have to see he’s been right so far… only policy adjustment I see that could perhaps be bullish is the QT which has been very slow to start in June.. 

The Vineyard of the SakerSitrep Operation Z: SloMo CollapseThe Saker Staffhttp://thesaker.is/sitrep-operation-z-slomo-collapse/Moon of AlabamaUkraine - The Bear Caught The Kraken By Using This Trickhttps://www.moonofalabama.org/2022/07/ukraine-the-bear-caught-the-kraken-by-using-a-trick.htmlTASS (Russian state media)West’s desire to dominate the world raises risk of ill-considered actions, Putin sayshttps://tass.com/politics/1474269Multipolarity the most important point on global agenda —...

Podcast and transcript.Benjamin C. Wilson, Taylor Reid, and Max Sussman join the podcast to discuss their forthcoming co-written essay, “Food, Money, and Democracy: Cultivating Collective Provisioning for Resilient and Equitable Communities of Work.” Inaugurating our new journal, Money on the Left: History, Theory, Practice, the article politicizes what Sanjukta Paul and Nathan Tankus term “coordination rights” across monetary and production sectors and focuses on the coordination of food...

[embedded content]July Aviation and HypersonicsAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as...