Mike Norman Economics

Selections from Godfree Roberts’ extensive weekly newsletter: Here Comes China.The Vineyard of the SakerSitrep China : Smörgåsbord of notable international data points (and a little opium war)Godfree Roberts

How is imperialism relevant today? How has it mutated over the past century? What are different theoretical and empirical angles through which we can study imperialism? These are the questions we deal with in our edited volume on The Changing Face of Imperialism (2018).We understand imperialism as a continuing arrangement since the early years of empire-colonies to the prevailing pattern of expropriations, on part of those who wield power vis-à-vis those who are weak. The pattern of ‘old...

This is the second and final part of my discussion of the – Economic Affairs Commitee (House of Lords) – hearings into – Quantitative Easing: Committee to examine whether inflationary fears justified, the future of QE, and the merits of ‘helicopter money’ approaches. In Part 1 we learned that statements made by notable central bank governors (or equivalent) to the public about what they are doing are highly questionable given the evidence given by two prominent witnesses to the House of...

Tesla should fund the production of a Road Warrior 2 where an aging Mel comes back years later and defeats the whole gasoline shortage meme with small fleet of EVs...Even Tesla can’t overcome Australian hostility to electric cars https://t.co/8DCRhX7VcH— Bloomberg Markets (@markets) April 13, 2021

Lavrov added this uncharacteristically blunt statement: “We are asked what Russia is doing on the border with Ukraine. The answer is very simple – we live here, this is our country. But what the United States is doing via its warships and troops, which are constantly organising some kind of events in Ukraine under the auspices of NATO, thousands of kilometres from America’s own territory – this question still remains unanswered.” ...It is undeniably evident at this time that the West, which...

This could be a game changer, long-term, for the dollar. 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

Turkey and Russia are ancient territorial adversaries and Turkey's alignment with NATO and Ukraine is no accident. The US knows this, of course, and is now taking advantage of Erdogan's revanchist neo-Ottoman ambitions, which involve competing with Russia over Central Asia.This is on the order of Jimmy Carter's enlisting the "freedom fighters" under Bin Laden to confront Russian presence in Afghanistan as advised by Zbigniew Brzezinski. In fact, it is crazier. It will not end well.NEOWhy is...

I have been noticing that Russians view this a religious war, with "God-less liberalism" pitted against Orthodox Russia. They see this as the liberal world mounting an analogue to a crusade to impose its "post-human" ideology with religious fervor. And they see the liberal West as a decadent civilization, not only a declining one, effete and animalistic. Russians are hardly along in this, and this view is shared by many conservative Americans, too, as I glean from my reading.What is in...

 Bad judgement? If you want to engage Russians — just about all of them — wear Nazi symbols on a uniform while facing off with them. The death's head was a symbol used by the Waffen SS (Schutzstaffel). It is now a neo-Nazi symbol.The SS became an elite corps of the Nazi Party, answerable only to Hitler. Himmler's title of Reichsführer-SS now became his actual rank - and the highest rank in the SS, equivalent to the rank of field marshal in the army.... WikipediaConfirmed here.Sputnik...

This is Jessica. Last August, NIST published a draft document describing four principles of explainable AI. They asked for feedback from the public at large, to “stimulate a conversation about what we should expect of our decision-making devices‘’. I find it interesting because from a quick skim, it seems like NIST is stepping into some murkier territory than usual.... Statistical Modeling, Causal Inference, and Social ScienceIs explainability the new uncertainty?Andrew Gelman | Professor of...