Mike Norman Economics

Bannon lays out the MAGA GOP wing position on the current fiscal situation…I don’t disagree with a lot of what he is saying here, minus his mistakes in the national accounting…. but everyone else makes those same mistakes so…

You may have heard of #MintTheCoin, the trillion dollar platinum coin, which Yellen has the power to mint. This would circumvent the debt ceiling standoff, but it's never going to happen. Here's why.

The New Silk Road, BRI, SCO, and the consolidation of central Asia.The Vineyard of the SakerEurasia takes shape: How the SCO just flipped the world order (Part 1 of 2) (linked to previously)Eurasian consolidation ends the US unipolar moment – Part 2 of 2Pepe Escobar

AN INTERVIEW With GEORGE MONBIOTGeorge Monbiot may have been wrong about Syria, and also the White Helmets, but he does remain a genuine socialist, in my opinion.What really opened my mind up about conspiracy theories was when I was debating with the climate change deniers on twitter, and I saw how their minds work, but to my alarm I began to wonder about many of my own precious beliefs, as I could see similar psychological patterns within myself. We all have them where we can get a belief...

Neo-imperialism and neocolonialism justified by the purported universality of Western values.Asia TimesUS hegemony and the bogeymanBilal Khan

Bill Mitchell has just posted the first instalment in a two-part series on Marx and MMT. I was unaware of that while preparing the body of this post, but some of what follows bears incidentally on the topic. Bill Mitchell’s series is in response to a Marxist in the audience of one of his presentations who apparently claimed Marx’s theory as proof that government, through its spending, is powerless to do anything about employment in a capitalist economy. The unfortunate phenomena of some...

#MTFCCarlos Mucha (beowulf) gets a shout out too.Quartz (of all places)Is Joe Biden a trillion-dollar coin kind of president?Tim Fernholz

Afghanistan’s US-run government was the world’s largest producer and exporter of opium, morphine, and the end-product, heroin.As it did after first seizing power in the mid-1990’s, Taliban, the Islamic anti-drug and anti-communist movement, is shutting down the Afghan drug trade. Billions worth of heroin, opium and morphine that had been flowing into Central Asia, Russia, Iran, Turkey, Pakistan and Southeast Asia will be sharply reduced. Afghanistan’s drug-based economy is now in dire...

 Caitlin Johnstone sure knows how to write a good rant.CaitlinJohnstone.comThere Is No ‘Good’ Form Of Capitalism: Notes From The Edge Of The Narrative MatrixCaitlin Johnstone

 Expect no change. Neoliberalism remains solidly entrenched.Brave New EuropeMathew D. Rose – All Quiet on the German Front