Mike Norman Economics

Artificial Intelligence (AI) researchers in Australia have demonstrated how it is possible to train a system to manipulate human behavior and decision-making, highlighting the double-edged sword that is modern high tech.Well, the beginning stage anyway. But the study shows that the pathway is promising, so expect it to be picked up and exploited. RTFree will hacked: AI can be trained to manipulate human behavior and decisions, according to research in AustraliaSee alsoIt doesn't even take AI...

Most interesting in that the author makes extensive use of Noam Chomsky in his critique of current (deteriorating) conditions. Yes, this is at at Zero Hedge, which also says something. It's not where one would expect to find Chomsky.Zero HedgeMillennials Are "Mad As Hell"David Robertson via RealInvestmentAdvice.comRelatedPeter Radford identifies utopianism as a major problem in the economics. It is not only a major problem in economics but in the Western world owing to the cultural myth...

Mistrust of state currency brought about by U.S. efforts to destroy the global dollar-based financial system. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

Short. There are a couple of comments linking it economics, too, which is the chief reason for providing the link here.Statistical Modeling, Causal Inference, and Social ScienceReflections on Lakatos’s “Proofs and Refutations”Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University

The defense industrial base is collapsing. Blame monopolies and Wall Street, writes the DOD. Meanwhile, the Pentagon's Deputy Secretary expresses concern over "extreme consolidation."Another systems issue involving efficiency over resilience.  BIGThe Pentagon Turns on Wall StreetMatt Stoller

The Great Vacation Effect is what I term one well-known pathological side effect of almost all macro dynamic stochastic general equilibrium (DSGE) models: since employment hours are a voluntary decision in the household optimisation problem the direct implication that unemployment is voluntary as well. As such, The Great Depression can be interpreted as The Great Vacation. Although this silliness is well known, the silliness has nasty side effects for recession analysis. This article...

Mentions MMT.If the value of Bitcoin based on the greater fool theory?EconospeakIs Bitcoin Really Real Money? Ontological and Epistemological QuestionsJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

Weaponization of the dollar has left many countries, and the world, really, with no other choice but to find an alternative. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

It is Wednesday and I have been tied up all day working on the MOOC that will be launched in early March. We have been filming a lot and it is starting to take shape (see below for more details on how you can enrol). So just a light blog day but that doesn’t mean what I am writing is trivial. The two stories demonstrate how far we have to go on the progressive side of the debate before we actually make progress. It is, unfortunately a repeating tale and it is hard to define a strategy that...