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Mike Norman Economics

Bill Mitchell — A cynical fiscal statement from a crooked government

Last night (March 30, 2022), the Federal Treasurer released the annual ‘fiscal statement’ (aka ‘The Budget’), which revealed to everyone how cynical these exercises have become. The statement is normally released in May but the Federal government has to go to the polls then and they are so far behind the Opposition Labor Party in the opinion polling that they decided to bring forward the fiscal statement as a last ditch attempt to bribe the voters with pennies. I hope it doesn’t work. This...

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Big Arrow War — Scott Ritter (and more)

Scott Ritter@RealScottRitter1/ Big Arrow War—a primer. For all those scratching their heads in confusion, or dusting off their dress uniforms for the Ukrainian victory parade in Kiev, over the news about Russia’s “strategic shift”, you might want to re-familiarize yourself with basic military concepts.2/ Maneuver warfare is a good place to start. Understand Russia started its “special military operation” with a severe manpower deficit—200,000 attackers to some 600,000 defenders (or more)....

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Links — 29 Mar 2022 Part 2

The Vineyard of the SakerRussian Special Military Operation (SMO) – Day 33The Sakerhttp://thesaker.is/russian-special-military-operation-smo-day-33/Sitrep: Operation ZNightvision for the Saker Bloghttp://thesaker.is/sitrep-operation-z/Moon of AlabamaUkraine SitRep - Part II Of Russia's Military Operation Unfoldshttps://www.moonofalabama.org/2022/03/ukraine-sit-rep-part-ii-of-russias-military-operation-unfolds.htmlReminiscence of the FutureFew Items. Tuesday.Andrei Martyanov, former USSR...

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Some Wynne Godley Quotes On Planned Trade — Ramanan

There’s an interesting review of Jagdish Bhagwati’s book Protectionism published in the year 1988 by Wynne Godley in the journal Economica, year 1993. Without going into the review, I wanted to highlight how Wynne Godley’s views were quite similar to Nicholas Kaldor’s and Godley proposals such as planned trade and international cooperation of a new kind:The Case for Concerted ActionSome Wynne Godley Quotes On Planned TradeV. Ramanan

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