Mike Norman Economics

Eliminating the shadow economy.ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessThe Future of Money: The Case for Central Bank Digital CurrenciesEswar S. Prasad | Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell Universit, aSenior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research

Representative John Yarmuth (D-Ky.) is Chairman of the House Budget Committee, which is playing a key role in crafting the $3.5 trillion reconciliation bill currently being debated in Congress. During a speech to the Louisville, Ky. Rotary Club in June, he explained why he believes the government can borrow and spend the trillions under discussion without any negative impact on the economy.…Not only would not have a negative impact, it would have a positive impact on people's lives by...

It’s Wednesday, and I have been following the British Labour Party conference and it seems they are conducting business as usual. That is, working out new and old ways to keep themselves unelectable even when the Tories are one of the worst British governments in history I would think. But so it goes. A split is the only way forward I guess. The Blairites can then hold conferences, stack votes to have unelectable leaders and design fiscal rules to their hearts content. At least they will be...

 Game all but over. US loses. The window of opportunity has closed.OilpriceIran Cements Alliance With China, Russia In Clear Message To WashingtonSimon Watkins

They should rather be talking about what they can reasonably get thru reconciliation…The Fed will not purchase “the coin” with reserves… The “coin” doesn’t pay a coupon where is the Fed going to get the USDs to pay the IOR or the RRP rate on the newly issued reserves?  Fed doesn’t operate under an appropriation… they factor the govt guaranteed interest bearing securities they buy when they add reserves…Quit whining and pass something via reconciliation…  this whole “the coin!”  thing is a...

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