Mike Norman Economics

AlterNetWhy ISIS and the Taliban really hate each otherAlex HendersonThe ConversationTaliban’s religious ideology – Deobandi Islam – has roots in colonial IndiaSohel Rana, PhD Student, Indiana University and Sumit Ganguly, Distinguished Professor of Political Science and the Tagore Chair in Indian Cultures and Civilizations, Indiana UniversityWhat caused the Taliban to form in the 1990sAli A. Olomi, Assistant Professor of History, Penn State     Sixth ToneChina’s Stressed-Out Workers Are...

Backgrounder.What is the cost of extraction and associated transaction fees relative to other deposits?Zero HedgeTaliban Secures World's Largest Lithium Deposits After US Withdrawal From AfghanistanTyler Durden

A groundbreaking new model suggests that we've massively underestimated the social costs of carbon...What is the true cost of carbon, including externality?Canary MediaEconomists must grapple with climate tipping points before it's too lateDavid RobertsSee alsoWikipediaPrecautionary Principle

 A really interesting video showing how China found a way to type words four faster than us, despite the fact that their language has thousands of characters, where each character (drawing) represents a word, and so it was initially incredibly slow to type on a QWERTY keyboard. [embedded content]

Last year, the US Federal Reserve dropped a bombshell on mainstream macroeconomics by abandoning the consensus approach to monetary policy, which prioritised fighting inflation over maintaining low levels of unemployment, and, increasing interest rates well before any defined inflationary pressures were realised – the so-called forward guidance approach. It has also been buying massive quantities of US government debt and controlling bond yields in the markets as a result. Attention has been...

Bond yields rose today but this is not likely the start of a sustained rise.

I don't believe anyone here have these sorts of traits. I think the health of the economy is primary concern of most people here, which is extremely important too. Channel 4 newsreader Jon Snow harassed by 'anti-vaccine passport' protesters in LondonFootage of veteran broadcaster Jon Snow being harangued outside the Channel 4/ITN Headquarters in central London this afternoon (August 23) by anti-vaccine protesters. Contains swearing[embedded content]Channel 4 newsreader Jon Snow harassed by...

So Kant was a chartalist. Who knew? I am a philosopher and I didn't.Bill Mitchell – billy blogImmanuel Kant on money and moreBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Britain failed to close its borders at the beginning of the pandemic to prevent further Covid infections.  It's not easy to compare countries on their strategies on deeling with Covid as there is so many different variables, but this could be one reason why Britain's COVID-19 deaths are much higher than other countries. [embedded content]

Commies going full monetarist moron:The U.S. faces the “most severe” inflation risks of any major economy due to the large deviation between the growth of its money supply and GDP since the pandemic, the People’s Bank of China said recently in its quarterly monetary policy report. On Tuesday, Governor Yi Gang said he’ll aim to match money supply and nominal economic growth rates.China’s charts a more independent course as it sees risks from Fed policies https://t.co/B8UfTXBf1r— Bloomberg...