The Chinese get a lot of flak about over fishing and for fishing in other country's waters, which is true, but the Europeans eat far more fish per capita and over fish in other countries waters as well. It all needs to be cut back for the survival of the oceans. Cargo ships from around the world are moving untracked in African waters, where the rise of a new fishing activity affects everything from local biodiversity to piracyHow Europe’s dark fishing fleets threaten West Africa
Read More »The Fed DOES NOT lend money to the government.
Lots of misunderstanding on this. I go through the operational realities of Fed actions and government finance in this video. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Read More »The MOST private email service (2021)
E-mail remains an essential backbone of internet communication, with over 4 billion users worldwide. But is it private? Actually it's inherently insecure. Furthermore, the vast majority of users rely on free online email services. Did you know that they use AI algorithms to scan your emails in order to learn more about you? Or that emails are stored in the clear, meaning in the event of a hack, all your emails would be leaked? Do you know what Metadata is and how much is collected by your...
Read More »Katehon — Capitalism must die to protect the sacred
Review of The Red Deal: Indigenous Action to Save our Earth. The Red Nation (2021), Common Notions.More traditionalism versus liberalism. As climate change accelerates, this view will be increasingly heard, especially as the Global South/East emerges. An old Native American proverb sums it up, "Don't shit in the teepee."If the title is too extreme for you, another similar title might be, "Capitalism needs to change to protect the planet." Socializing negative externality is threatening all...
Read More »World Bank: 8.5% GDP growth projected for China in 2021 — China Daily
Summary of World Bank forecast.ECNSWorld Bank: 8.5% GDP growth projected for China in 2021China Daily
Read More »Bill Mitchell — Australia’s Covid recession has increased inequality – winners and losers
Today is just a number-crunching exercise, which I conducted to allow me to understand where the employment losses and gains in the Australian labour market since the onset of the pandemic. The latest Australian Bureau of Statistics Labour Force data, which I analysed in this blog post – Australian labour market – stronger as working age population flattens out (June 17, 2021) – revealed that total employment in Australia is now above the February 2020 level by 130.2 thousand (1.0 per cent)....
Read More »Tyler Winklevoss may have a problem.
If the rationale for buying bitcoin is the Fed's monetary operations, it's a flawed rationale. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Read More »Links — June 28 2021
The Vineyard of the SakerA Sea Painted NATO BlackPepe EscobarThe Vineyard of the SakerWill the Russians sink a British ship the next time around?The SakerTASSRussian Security Council Secretary [Nikolai Patrushev] notes return of 'might makes right' ruleCommon DreamsIraq Says Bombings Ordered by Biden a 'Blatant and Unacceptable Violation' of SovereigntyJessica CorbettSputnik InternationalRockets Hit US Military Base in Eastern Syria Day After US Airstrike on Militia - ReportsJacobinFrance’s...
Read More »What are the five evils in modern society? — Richard Murphy
I am interested in other’s opinions on this issue.To what degree do economic policy and financial institutional arrangements contribute to complicating these issues?Tax Research UKWhat are the five evils in modern society?Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
Read More »We Need to Talk about Economics — Paulo L. dos Santos and Noé Wiener
Longish but seminal. It combines economics with economics sociology to arrive at a view of political economy that incorporates the latest thinking, although the roots lie in the classical economists and Marx, institutionalizes like Veblen, and heterodox economics subsequent to the rise of neoclassical economists. Worth a close read.Development EconomicsWe Need to Talk about EconomicsPaulo L. dos Santos, Associate Professor of Economics at The New School, and Noé Wiener, Lecturer in Economics...
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