Mike Norman Economics

Gilbert Doctorow — International relations, Russian affairsPutin’s ‘Military-Technical’ Measures if Negotiations FailGilbert Doctorowhttps://www.antiwar.com/blog/2021/12/22/putins-military-technical-measures-if-negotiations-fail/Moon of AlabamaWhat Russia Says About Its Not-An-Ultimatum To The U.S. And NATOhttps://www.moonofalabama.org/2021/12/what-russia-says-about-its-not-an-ultimatum-to-the-us-and-nato-.htmlGeopolitikaEurasianist Putin V/s Atlanticist BidenAlexander...

It’s Wednesday and a shorter blog post, which includes the latest from Turkey and some music. The mainstream narrative against Modern Monetary Theory (MMT) has been ramped up significantly in recent weeks as a result of events in Turkey, where, up until yesterday, the currency had depreciated significantly. The screams for interest rate rises from bankers etc (of course! they profit or protect foreign debt exposure) have been deafening. But the most recent monetary policy decision was on...

Fiona Hill, former official at the U.S. National Security Council specializing in Russian and European affairs, is a "Russia expert." Natylie Baldwin explains why she finds that dubious based on reading Hill's book.AntiWarReview of There is Nothing for You Here: Finding Opportunity in the 21st Century by Fiona Hill, Mariner Books; 2021.Natylie...

Update.The Vineyard of the SakerWhat could happen next if the USA rejects the Russian ultimatum?The Sakerhttp://thesaker.is/what-could-happen-next-if-the-usa-rejects-the-russian-ultimatum/Reminiscence of the FutureReminiscence of the Future... : Patrick Armstrong Went All In. (smoothiex12.blogspot.com)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval...

Is it possible to have an actual democracy as governance of, by, and for the people instead of an oligarchy?InterfluidityMass representative democracySteve Randy Waldman

Looks like it a little bit, but we really have to get into January to see where this all flushes out. Probably not a problem for stocks.

Detailed analysis of the Russian ultimatum to the US. When reading PA, follow the links he provides.Russia ObserverWE’VE SEEN THE ULTIMATUM, WHAT IS THE “OR ELSE”?Patrick Armstrong, retired analyst and diplomat (2008) serving in the Canadian Department of National Defence specializing in the USSR/Russia from 1984 and a Counsellor in the Canadian Embassy in Moscow in 1993-1996.https://patrickarmstrong.ca/2021/12/21/weve-seen-the-ultimatum-what-is-the-or-else/See alsoGilbert Doctorow —...

Ramanan responds to Bill MitchellThe Case for Concerted ActionNeochartalists On Turkey, Part 2V. Ramanan

Where's the US LNG?India PunchlineNord Stream 2 is a double-edged geopolitical toolM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/nord-stream-2-is-a-double-edged-geopolitical-tool/See AlsoSputnik InternationalGas Futures in Europe Hit New All-Time High Above $2,150 Per 1,000 Cubic Metershttps://sputniknews.com/20211221/gas-futures-in-europe-hit-new-all-time-high-above-2150-per-1000-cubic-meters-1091699523.htmlZero HedgeEurope On Edge Of...

India Punchline (out of paradigm with MMT but still interesting)Joe Biden presidency on the skids. World must take note.M. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/joe-biden-presidency-on-the-skids-world-must-take-note/Reminiscence of the FutureSaker Did A Good Write Up On Russian Ultimatum's OptionsAndrei Martyanov, former USSR naval officer and expert on Russian military and naval...