Mike Norman Economics

The numbers continue to get weaker. Economy set to slow.

 I think really shows why so many of us in on the left are so inspired by China. It has had a chequered history, for sure, and it will have its fair share of right-wing hawks and psychopaths, like any country, and some of these people will be in high places, but we're hoping it's system of governmence will keep them at bay, or even remove them completely before they get too much power. Mankind can be brutal, and can often be so even without even fully knowing it (when pretending it to be a...

The global economy is shifting away from the US and Europe towards Asia. The FT's global China editor James Kynge FT economics commentator discuss whether China will dominate global commerce or whether the world economy could split along regional lines FT - Will China become the centre of the world economy?ll China become the centre of the world economy?

One pattern of comments that I have seen is where the person making the comment points out some particular price change, and asserts that this somehow proves that inflation cannot be 2%. This is a criticism of CPI data that does not stand up to even a brief examination of the official data...I've seen this pattern of inflation hysteria for as long as I can remember.Bond Economics One pattern of commentsBrian Romanchuk

In case you were wondering.The Philosopher's StoneCRT [Critical Race Theory]Robert Paul Wolff | Professor Emeritus, University of Massachusetts Amherst

This is the second part in a new series which explores some aspects of Modern Monetary Theory. As I’ve said already, the series does not aim to be comprehensive. Rather, I cover the aspects which I find most interesting. Here I focus on fiscal policy....The Political Economy of DevelopmentQuestioning Modern Monetary Theory: Part 2Nick Johnson

In the aftermath of the 1991 recession, which was the worst economic downturn in Australia since the Great Depression of the 1930s, I wrote a series of articles that we published in academic journals. In part, they were theoretical pieces that conjectured about the impact of rapid population growth on the labour market, which at the time was characterised by persistently high unemployment and rising underemployment (the recession had replaced full-time with part-time work). My conjecture was...

Maybe some sort of election reform is what GOP will be negotiating for under the “debt ceiling “ brinksmanship...  can’t think of anything else ...Democrats have made abundantly clear that the real driving force behind S. 1 is a desire to rig the rules of American elections permanently in Democrats’ favor. That’s why the Senate will give this disastrous proposal no quarter.— Leader McConnell (@LeaderMcConnell) June 21, 2021

Complete waste of time unless Pocahontas is there....*YELLEN, POWELL, GENSLER TO ATTEND MEETING WITH BIDEN TODAY— *Walter Bloomberg (@DeItaone) June 21, 2021

 So much for the brown cardboard recyclable packaging Amazon use to promote its green image.Online giant Amazon is destroying millions of items of unsold stock every year, products that are often new and unused, ITV News can reveal.Footage gathered by ITV News shows waste on an astonishing level.And this is from just one of 24 fulfilment centres they currently operate in the...