Mike Norman Economics

 Some Marxism without mentioning Marx. CaitlinJohnstone.comCapitalism Is Violence: Notes From The Edge Of The Narrative MatrixCaitlin Johnstone https://caitlinjohnstone.com/2021/10/26/capitalism-is-violence-notes-from-the-edge-of-the-narrative-matrix/

Tesla surges on the Hertz deal, and stocks are in bullish mode until December 3. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

It looks like Senator Joe Manchin will stand firm in his stance against the climate change provisions in Biden’s infrastructure billWhen it comes to the climate bill it looks like there are no winners here, with both Manchin and Biden failing to secure anything concrete from negotiationsUltimately, the bill is unlikely to have a significant impact on a transition that is clearly underway already within the United StatesOilpriceWhy Everyone Is Wrong About Biden’s $600 Billion Climate...

Risible. Who is holding the stronger hand?Sputnik InternationalUS Urges Germany to Consider Sanctioning Russia Over Gas Supplieshttps://sputniknews.com/20211025/us-urges-germany-to-consider-sanctioning-russia-over-gas-supplies-1090199074.html

There’s been a fun (but silly) long-running debate on Twitter whether economists need to read canonical texts: Smith, Marx, Ricardo, Keynes, etc. What caught my eye is that a mainstream economist compared economics to mathematics — why don’t we learn calculus by studying the history of calculus? Why this is interesting is that is showed a lack of understanding of the situation in both mathematics and economics.Please note that this article is a discussion of the philosophy of teaching at the...

Important for thinking about economics and its relation to the world.Global InequalityOn the role of economics and global inequalityBranko 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 Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace

It takes a while for the mainstream organisations in economics, banking and finance to start to realise that the framework they use cannot explain the actual events in the real world, without serious revision. The problem though, is that the overall framework is flawed and the typical ‘response to anomaly’ approach, which changes a few assumptions to get ‘novel results’ is inadequate because it leaves one blind to all the possible policy solutions. The latest example is the Bank of...

Transcript of Paul Jay interview.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Tight Fist of Special InterestsMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking Universityhttps://michael-hudson.com/2021/10/the-tight-fist-of-special-interests/

The current political era is best understood as a “great recoil” of economic globalization. It is a moment when the coordinates of historical development seem to be inverting, upsetting many of the assumptions that dominated politics and economics over the last decades. This moment corresponds to the “second movement” socialist economic historian Karl Polanyi described in his book The Great Transformation, when phases of capitalist expansion recede and are met by “societal...

"Sanctions," Iran’s new president, Ebrahim Raisi, told the UN General Assembly, "are the US’s new way of war with the nations of the world." At least nineteen countries are currently besieged by the economic warfare of US sanctions.As when they wage military war, the US is willing to accept the high civilian cost of sanctions. In their book Why Civil Resistance Works, Erica Chenoweth and Maria Stephan cite studies showing that sanctions "often harm the civilian population more than the...