Mike Norman Economics

On December 9 and 10, US President Joe Biden held a virtual Summit for Democracy with representatives from 108 selected countries. The summit was intended to forge a common agenda to strengthen democratic institutions, but unfortunately it became paradoxical.Democracy in the US is mainly a political tool to satisfy its own political goals and interests, but not the interests of the majority of people, which should be the core meaning of democracy. The US has always claimed to be the role...

WebsiteCollected Works of Warren Moslerhttp://www.collectedworksofwarrenmosler.com/http://www.collectedworksofwarrenmosler.com/

Fed tomorrow. Get ready for irrational volatility.

This manuscript explores the relationship between positive psychology and political philosophy, revealing an inter-disciplinary approach that speaks to the concerns of the common good. Since positive psychology has been expanding its reach into social and political spheres, its relationship to philosophical arguments has been worthy of exploration. Positive psychology is associated with utilitarianism, and aspects of hedonic psychology. However, an alternative concept of eudaimonic...

Capitalist democracy" is an oxymoron, capital (ownership) being favored institutionally over land (environment, ecology) and labor (most of the people). Capitalism is the economic system of plutocratic oligarchy not actual democracy — government of, by and for the people. The economic system that correlates with actual democracy is socialism. Social democracy is a mixture of the two.In response to the imperial circus, the Friends of Socialist China and the International Manifesto Group...

Some recent research highlights the point I have made in the past that who your parents are matters for your future prospects. We all make choices as we emerge into the adult world, but the constraints that are dished up to us by our parents are in many cases more important in determining our future outcomes than the choices we make. The mainstream neoclassical explanation for income differentials focus on the choices – for education, training, and other career development pathways. From a...

Not only economic but also strategic.OilpricePutin’s coup In India Will Shock The U.S.Simon Watkins

I am not sure about the best way, but cutting military spending would be a step in the right direction for many reasons.It [the military budget] would focus on actual defense, on preventing wars, and above all, on scaling down our gigantic military. It would involve cutting that budget roughly in half over the next few years and so forcing our generals and admirals to engage in that rarest of acts for them: making some tough choices. Maybe then they’d see the folly of spending $1.7 trillion...

The coming property correction is inevitable, and the extent of the impact on the overall economy depends highly on how it is managed. Just as the Chinese government has managed Evergrande’s default process, we implicitly assume that Beijing will demonstrate relative competence in mitigating systemic risks as part of the property correction.As such, our baseline scenario is reasonable if not deliberately more aggressive on the downside. For instance, our projection does not account for...

Keeping up with India. Many of his policies draw from Imperial rule and treats dissidents as a threat, just as the British did.The more things change, the more they remain the same?The Wire (India) ?— OpEdModi and His Brand of Hindutva Are Direct Descendants of the British Raj and its PoliciesArjun Appadurai