Mike Norman Economics

Even patriotic Brits know that their hero Winston Churchill did not win World War 2 or fly a Spitfire. What they, and others, may not know is how his statements often shed a clear light on British imperialism. From Britain’s reliance on colonies, to the political rationale for giving the working class some welfare services, Churchill’s rhetorical flourishes in speeches, newspaper articles, and deliberations with his peers, illuminate things all too often absent from contemporary political...

Given my inflation report yesterday, I have shifted my usual Wednesday light blog post day and music feature to today. The economic debate has moved in recent years from ‘when is the government going broke’ to ‘hyperinflation is approaching’. It amazes me how puerile the economic commentary is as journalists and economists seeking headlines trot out headlines about how bad something (insert: insolvency, inflation, whatever is the latest craze) is going to be and what needs to be done about...

 Whaaaaaaaaaaatttttttt?????White House Urges GOP To Make 2022 Budget Offer, Begin Talks - BBG https://t.co/K9qpBMCyXD— LiveSquawk (@LiveSquawk) October 27, 2021 All together now!   LFG!

 ? LOL right on cue… now it’s “the bond market is forecasting a slowdown!” anthropomorphism from these zombie Art degree morons… you knew it was coming…? So let me get this straight from these people …  first it went “inflation!” then it went  “hyperinflation!” then it went “stagflation!” now it’s just going “stag!” ?   What happened now to the “flation!”  ?Bond Curves Flash Warning On Growth As U.S., U.K. Yields Slide - BBGhttps://t.co/sCMbxyVgx7— LiveSquawk (@LiveSquawk) October 27, 2021...

Short covering by know-nothing speculators. Infliaton impulse abating. 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/

Ka-ching.Moon of AlabamaPentagon Generals, News Writers Abuse Chinese Test Flight To Argue For More Weaponshttps://www.moonofalabama.org/2021/10/pentagon-generals-news-writers-abuse-chinese-test-flight-to-argue-for-more-weapons.html

The rise of tribalism is threatening to lead the world to a future of great-power conflict and runaway climate change. The only way to mitigate this risk is to negotiate a new social contract that addresses inequality head-on....A virtual impossibility in the current climate. Any viable solution requires a modification of the world system in ways that are not feasible politically. So the problem will be left to the kids and grandkids, and subsequent generations not yet borne.Project...

Real-World Economics Review Blog26 billionaires had as much as the world’s bottom 50%https://rwer.wordpress.com/2021/10/27/26-billionaires-had-as-much-as-the-worlds-bottom-50/

In the introduction to “The Spoils of War,” an extraordinary new book by Andrew Cockburn, he makes a straightforward assertion about the U.S. military. “War-fighting efficiency has a low priority,” he writes, “by comparison with considerations of personal and internal bureaucracies. … The military are generally not interested in war, save as a means to budget enhancement.”…Summarizing what has been known for decades. The Intercept“The Spoils of War”: How Profits Rather Than Empire Define...