Mike Norman Economics

Jonathan TurleyFighting “Information Disorder”: Aspen’s Orwellian Commission on Controlling Speech in AmericaJonathan Turley | Shapiro Professor of Public Interest Law at George Washington Universityhttps://jonathanturley.org/2021/11/18/fighting-information-disorder-aspens-orwellian-commission-on-controlling-speech-in-america/The ConversationThe US was not prepared for a pandemic – free market capitalism and government deregulation may be to blameElanah Uretsky, Associate Professor of...

Cagan’s definition of hyperinflation.EconbrowserNow That’s HyperinflationMenzie Chinn | Professor of Public Affairs and Economics, Robert M. La Follette School of Public Affairs, University of Wisconsin–Madison, co-editor of the Journal of International Money and Finance, and a Research Associate of the National Bureau of Economic Research International Finance and Macroeconomicshttp://econbrowser.com/archives/2021/11/now-thats-hyperinflation

Years ago, in almost a comical exchange, former Fed Chair, Alan Greenspan, schooled Congressman Paul Ryan on this very question. Here is the Greenspan clip. https://youtu.be/GdOsybbBVEU

 The Biden Administration is being very hawkish towards Russia and China. On this episode of Going Underground, we speak to former Middle East Advisor to the European Union and the Founder of Conflicts Forum Alastair Crooke. He discusses rising tensions between the US and China over the US’ tacit support for Taiwan independence, the ‘Kosovisation’ of Xinjiang and Taiwan, China and Russia’s refusal to continue to allow the US to shape the future of the world order, Western media hysteria over...

Contra Larry Summers.The LensFiscal Muscle–How was it ever in doubt?Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/fiscal-muscle

Important. More on the intersection of geoeconomics and geopolitics/geostrategy.Strategic Culture FoundationMackindergarten LessonPatrick 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://www.strategic-culture.org/news/2021/11/20/mackindergarten-lesson/RelatedReminiscence of the FuturePatrick Armstrong On Governance. And Other...

Turkish central bank is cutting rates so according to MMT, why isn’t the Lira rebounding?

Fiscal flows are too strong. Any dips we get will be shallow and brief.

Got that? Sit down, shut up, and follow the playbook.Common DreamsFound in Translation: New York Times Says Democrats Shouldn't Challenge OligarchyNorman Solomon, Jeff Cohenhttps://www.commondreams.org/views/2021/11/10/found-translation-new-york-times-says-democrats-shouldnt-challenge-oligarchy

Alfred McCoy speculates about the likely economics and political consequences of climate change given what is known presently. Of course, a lot of the assumptions regarding the scenario are likely to change, making forecasting rather hypothetical. But it is an interesting read.Tom DispatchAlfred McCoy, Are Imperial World Orders Heading for Extinction?Alfred McCoy | Harrington professor of history at the University of Wisconsin-Madisonhttps://tomdispatch.com/to-govern-the-globe/