Mike Norman Economics

Polish economist Michal Kalecki is often linked with the “Keynesian revolution,” but Kalecki’s view of capitalism was much more radical than Keynes’s. His ideas are a vital tool for understanding how the system works, and how it might be overcome.…Good read.JacobinMichal Kalecki and the Politics of Full EmploymentJan Toporowski | professor of economics and finance at SOAS, University of Londonhttps://jacobinmag.com/2022/01/michal-kalecki-keynes-full-employment-political-economy/

Bracing Views (follow the money)Stop the MADnessW. J. Astore, Lieutenant Colonel (USAF ret.), taught at the Air Force Academy, the Naval Postgraduate School, and currently at the Pennsylvania College of Technologyhttps://bracingviews.com/2022/01/18/stop-the-madness/Oriental ReviewWashington Refuses To Hear Russia And China – OrientalReview.orgThierry Messanhttps://orientalreview.org/2022/01/18/washington-refuses-to-hear-russia-and-china/Spiegel OnlineThe West and the Ukraine Crisis: It’s...

I read an article in the Frankfurter Allgemeine Zeitung (FAZ) yesterday (January 16, 2022) – Ich hoffe auf Deutschland – which made me laugh really. Comedy in absurdity. It also told me that the forces in Europe are firmly against any major progressive change. I considered this issue last week in this blog post – German threats of exit rely on the ignorance of others reinforced by Europhile progressives (January 11, 2022). I know progressives thought that the invocation of the Stability and...

Daniel P. Goldman reviews The Strategy of Denial by Elbridge A. Colby — and pans it as delusion. (The same applies to the neocons.)Law & LibertyCan We Contain the Dragon?Daniel P. Goldmanhttps://lawliberty.org/book-review/can-we-contain-the-dragon/

While everyone has been selling, banks have been stepping up and buying Treasuries in a big way.

TurcopolierRUSSIA, UKRAINE ET AL: WHAT NEXT?Patrick Armstronghttps://turcopolier.com/russia-ukraine-et-al-what-next/Gilbert Doctorow — International relations, Russian affairs (dose of realism)Common sense and self-preservation go mainstream in Washington, D.C.: capitulation to Russian demands becomes discussableGilbert Doctorowhttps://gilbertdoctorow.com/2022/01/16/common-sense-and-self-preservation-go-mainstream-in-washington-d-c-capitulation-to-russian-demands-becomes-discussable/The...

Trump showing strong support as 2022 election year kicks off…  though still needs to get his own media thing going pronto…45 ARRIVES IN ARIZONA… pic.twitter.com/qbi65pBukI— Dan Scavino Jr.??? (@DanScavino) January 16, 2022

When I am asked whether I still consider the recent bout of inflation to be transitory, I say that transitory means as long as the pandemic disrupts the balance between supply and demand. Note: demand. I have been getting lots of E-mails telling me that Modern Monetary Theory (MMT) is a fraud because of the inflation spike and our denial of the demand (spending) involvement. Apparently, the data shows that large fiscal deficits and central bank bond-buying programs are always inflationary....

Accessible summary that covers the bases.New WaylandThe Job Guarantee - More Money, Less TaxNeilWhttps://new-wayland.com/blog/the-job-guarantee-more-money-less-tax/

Global Times (China)Biden admin loses control over Taiwan policy, mirroring loss of control at homeInterview with Zheng Yongnianhttps://www.globaltimes.cn/page/202112/1243564.shtml?id=12Global InequalityCapital: The explosion of Delhi —The metaphor of global capitalism as told by Rana DasguptaBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg...