Mike Norman Economics

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

“I leave aside the deeper concern that the primary role of mainstream economics in our society is to provide an apologetics for a criminally oppressive, unsustainable, and unjust social order.”Zero HedgeSenior Fed Economist Slams Economics As "Arrant Nonsense", Hints It Perpetuates "Criminally Oppressive, Unjust Social Order"Tyler Durden

Longish and detailed but probably everything you need to know about GOF research. MintPress NewsLab-Leak, Gain-Of-Function, and the Media Myths Swirling Around the Wuhan InstituteJoshua Cho

Commercials in gold and silver hold the smallest short position in years, while speculators are moving toward being net short for the first time in years.

 The plan was never approved, but they asked British security for help, so it seems they would have done it if they thought they could get away with it. Shooting the wheels of a plane to cause it to crash would have killed more than just Julian Assange. BRITISH spooks remained tight-lipped today after questions posed by the Morning Star over an alleged CIA plot to kidnap and assassinate Wikileaks founder Julian Assange in London.MI5 did not respond when asked what it knew about the plans to...

Ticking timebomb.Sputnik InternationalIran Denies IAEA Access to Karaj Nuclear Facility Due to Ongoing Sabotage ProbeRTUS tells Iran to give UN atomic watchdog access to centrifuge components workshop, or face ‘response’NewsweekIsrael Prepared to Act Alone to Keep Iran From Nuclear Weapons, Prime Minister SaysRelatedElijah J. MagnierIran’s action is pushing Syria to be embraced by the Arab and international communityElijah J Magnier

Jeremy B. Rudd caught a fair amount of attention with his recent discussion paper “Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?)” The text has a lot of zingers that post-Keynesians would write, but Rudd is in fact a researcher with the Federal Reserve.The paper is an interesting survey of how “inflation expectations” worked their way into neoclassical economic dogma....Bond EconomicsRudd Inflation Expectations ArticleBrian Romanchuk