Mike Norman Economics

"War Is a Racket" is a reference to Gen. Smedley Butler's statement of the same name.MintPress NewsWar Is a Racket: Ex-State Department Official Matthew Hoh Speaks OutLowkey

The increasing nationalism of Chinese consumers, as much as supply chain issues and Covid-related disruptions, is the reason international firms are moving overseasChina will lose some foreign talent, but domestic demand will shift towards perfectly good locally made products. The real winner, though, is VietnamThe irony, of course, is that Vietnam is a communist country.SCMPChina is decoupling from the world, not the other way aroundNeil NewmanRelatedTASSVietnamese top diplomat says Hanoi...

Ray McGovern responds to "Kidnapping, assassination and a London shoot-out: Inside the CIA’s secret war plans against WikiLeaks",I sent a quick tweet to alert those many readers, who are malnourished by the corporate media, to the subliminal but clear subtext; the Big Lie that Assange was a Russian agent. (After all, he published DNC emails "hacked by the Russians" to hurt candidate Clinton and throw the 2016 election to Trump. Right? "Hacked"? = Wrong.)…Isikoff and his co-authors are...

 This is good! Michael Hudson says Soros and his boys are dissapointed that China did not follow Western neoliberalism and privatise everything, because they wanted to go in, grab the lot, and then engage in rent extraction like they did in Yeltsin's Russia. Money can be got cheap in the West when banks can create it out of thin air, so it's easy to raise the cash to buy everything up. This is winner take all capitaliam, unrelated to work or merit. With China’s increasing wealth, Western...

I gave a talk at the Resist Event in Brighton UK last Sunday evening. On the panel was a person who dismissed Modern Monetary Theory (MMT) as irrelevant to the real challenges that arose under Capitalism and he invoked Marx a lot. It was not a very illuminating interchange because not only did he misrepresent what MMT was but, in my view, he also seemed to think that we could extrapolate Marx’s scant ideas of money directly into the situation faced by nations today. Marx considered money to...

The window of opportunity is closing.NEOUS War Plans with China Taking ShapeBrian Berletic, former US marine

Nathan Tankus summarizes the debt ceiling institutionally and the feasiblity of issuing the coin to get you up to speed on this.Nathan TankusYet Another Debt Ceiling Crisis! (Or, How Joe Biden should Learn to Stop Worrying and #MintTheCoin.)

 Trending on Twitter. Mike Norman has been saying forever that raising the interest is a price increase and therefore it is an inflationary bias rather than a deflationary one as supposed. This is a chief factor affecting the price level, along with what the government chooses to pay in the market to transfer resources to public use. Conventional economists conclude that interest rates are inversely correlated with price level based on theoretical assumptions, but evidence shows the...

Double standard and privilege undermines the credibility of legal institutions. The US legal system is also compromised by this, and as a result of the rule of law suffers.Common DreamsCritics Fume as ICC Excludes US From Probe Into Afghan War CrimesAndrea Germanos

 Losing the left. The sooner they wake up to the bipartisan kleptocracy the better.Sputnik InternationalRussel Brand Shocked at Prospect That Trump 'Was Right' About Clinton & Russia Collusion