Mike Norman Economics

One of the important concepts one learns in studying the way firms work with respect to pricing and markups is the distinction between quantity and price adjustment over the course of an economic cycle. When economists talk of supply and demand, they usually refer to price adjustment, where prices adjust up or down when there is an imbalance between these aggregates. Orthodox economics presumes that prices adjust, for example, to eliminate an excess supply, which they apply to the labour...

Oh those genius “neoliberals!” operating their elaborate “neoliberal conspiracy!” to screw the poors!  What ever successful scam against the downtrodden will they think of next?Here you can see they lend dumb asshole monetarist inflationista speculators munnie to sell govt bonds which reduces the price of their own HQLA $4$ and they lose $10Bs of shareholder equity in the bargain!Geniuses!  Geniuses I tell you!  Oh you lefties here have these people nailed I tell you…You fucking idiots…...

 This was gripping! American automobile companies plan three months in advance, but Chinese companies plan years in advance. Chinese automobile companies bought up loss making European and American car companies and turned them around, making a profit. America CEOs know nothing about technology and just appease Wall Street, while China thinks long term and invest in its own chips, says Sandy Munro. China is making electric cars to European high standards, and Americans will want them, he...

I have finally been able to read the latest fiscal statement – Autumn Budget and Spending Review 2021 – from the H.M. Treasury, which was released on October 29, 2021. That 202 page document is not something anyone should spend time reading but in my job one has to in order to stay abreast of what is happening around the world. It also took me down the Office of Budget Responsibility snake hole to read their latest – Fiscal risks report – July 2021 – which obviously conditions the way the...

Back in the 1970s, Macpherson anticipated much of this. For him, Western capitalist liberal democracies and those in socialist and developing countries all had “genuine historical claims to the title democracy.” Whether they were liberal or not, the “ultimate goal” of all democracies was “the same – to provide the conditions for the full and free development of the essential human capacities of all members of the society.” Indeed, he considered capitalist liberal democracy (especially...

According to the World Nuclear Association (WNA), some 30 emerging economies around the world are currently considering, planning or starting nuclear power programmes.In the short term, these projects will not significantly expand the global nuclear footprint, with principal growth coming in countries which already have well-established nuclear power infrastructure.However, the WNA anticipates that, in the medium to long term, developing nations’ nuclear infrastructure will resemble that...

The London to Brighton train lineBalcombe Viaduct by drone.this viaduct is amazing. It was built in 1839 by bringing all the materials down the River Ouse . It is roughly 96 feet high and 1500 feet long and took over 11 million bricks to build.had to time the video between the train time table, but still gave enough time to capture this.[embedded content]YouTube Ouse Valley Viaduct (Balcombe Viaduct) UK

The title should be "The Decline of Economics in Policymaking and the Narrative."Edward Luce writes:Bill Clinton’s 1992 campaign watch phrase was “it’s the economy, stupid”. Today it would be “it’s the culture, idiot”.He’s right, but this poses the question: why did this change? The question of, course, applies to the UK as well as the US.One fact deepens the puzzle. It’s that trend growth in GDP per capita has halved since the 90s*. This should have made economic issues more important,...

Hmmm…. Nobody cares this year… ?Europe hits highest weekly COVID-19 cases since pandemic began https://t.co/MznHpJm2ZN— Chay Time News (@chaytimenews) November 14, 2021

Sounds like they are having a lot of blasts over there...  India channel in US…[embedded content]