Mike Norman Economics

For years, students have been taught that fiscal policy is an ineffective policy tool to regulate fluctuations in national income derived from changes in spending and saving decisions in the non-government sector. This narrative justified the austerity purges that we have become accustomed to pre-pandemic. The elevation of the fiscal surplus to some desired goal has been instilled in our minds and we have voted to support governments that record these surpluses because we have thought they...

Peppermint Patty is partially correct here US output was 13.5M without Keystone pipeline pre Covid lockdowns…. Covid lockdowns now apparently ending…. Perhaps US output could just return to pre-Covid rates now with everyone going back to work…. This is not the consensus view though…PSAKI: "The reason why the price of gas is going up is not because of steps the president has taken, they are because Putin is invading Ukraine."Gas prices rose $1.14 from Biden's inauguration to the day Putin...

 If it agrees to the Eastern regions becoming Russian states and recognises Crimea as a Russian state too.I think it's a good deal. East and West Ukraine don't like each other and feel that they are different countries, so they might as well separate. Then Western Ukraine can rebuild its economy to European standards, producing a fabulous and wealthy country. Its won't be a small country, even without the Eastern parts, but there see many small and medium sized countries in Europe which have...

Biden in 1997 saying that the only thing that could provoke a "vigorous and hostile" Russian response would be if NATO expanded as far as the Baltic [embedded content]

The Vineyard of the SakerMajor military and political developments and major risks nextThe Sakerhttp://thesaker.is/major-military-and-political-developments-and-major-risks-next/Consortium NewsPity the NationScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons...

Thanks to the marvellous balanced reporting of the Western Media you will all now be fully aware of the Decree of the President of the Russian Federation No. 95 dated 5th March 2022: ‘On the temporary procedure for fulfilling obligations to certain foreign creditors’ and its implications.But let’s recap. New WaylandThe Russian Fiscal ToketaNeilWhttps://new-wayland.com/blog/the-russian-fiscal-toketa/

Alberta’s Energy Minister Sonya Savage: Alberta is the answer to US Energy security. Real emissions reductions, reliable, right next door.Officials from Canada's largest oil-producing province Alberta said that Canada could replace American imports of Russian crude oil.OilpriceCanada Says Its Oil Could Replace U.S. Imports Of Russian CrudeTsvetana Paraskovahttps://oilprice.com/Energy/Crude-Oil/Canada-Says-Its-Oil-Could-Replace-US-Imports-Of-Russian-Crude.html

China has decades of experience in circumventing Western sanctions.China will be able to work around sanctions and other difficulties in buying Russian crude oil.Infrastructural development for oil and gas trading between China and Russia have been extremely extensive in recent years.OilpriceU.S. Sanctions Can’t Keep China From Buying Russian OilSimon Watkins

We already saw $150 oil in 2008. That was the culmination of a runnup from $40 in 2004. But above $150 and the income lost to the foreign sector could seriously impact the economy.

Food prices are skyrocketing due to sanctions. People will starve. Sanctions kill. Ukrainian neo-Nazi Yevhen Karas. https://youtu.be/DOBntnuYCMA