Mike Norman Economics

Pepe Escobar emphasizes correctly power (soveriegnty) but de-emphasizes money. The adage is to follow the power and the money. European business in particular those of "old Europe" (France and Germany) are very much committed to not loosing the Eurasian and Asian markets. Through economic warfare, chiefly sanctions, the US is presenting the choice as "us or them." While the EU and NATO bureaucracies are chiefly interested in power and are committed Atlanticists, the money is looking both...

"Yes and no." The answer is nuanced.Andrew Batson's BlogIs China experiencing an advance of the state sector?Andrew

The typical crank or quack website does not just contain pseudoscientific claims in plaintext. Instead, it is filled with dozens of advertisements, scripts that create and store cookies, analytics, beacons, and other kinds of trackers of all kinds. They collect information about you, your browser and Internet activities. Some of these provide the crank website with money from ad impressions and the information gathered by trackers. It can also violate your privacy and disrupt your Internet...

But the future of Britain will actually be determined by a range of factors now in the control of the authorities and how they handle the transition away from EU law will be a significant element in that ensuring that future works for the people rather than just isolates Britain as a neoliberal hell-hole. We received our first sign of how things might work out last week when the Bank of England’s Prudential Regulation Authority released their latest Consultation Paper (CP5/21, (February 12,...

The sale of Treasuries acts like a bilge pump, draining all those excess reserves that could end up sinking the banks. 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

 So Stop TryingOur brain doesn’t know how to be happy, or even content. It simply lacks the genetic instructions to carry out that task. It knows how to do a million other less important things, from writing a letter to maintaining our balance; from appreciating the music of Bach to smelling a rose, but if you ask the brain to be happy, it simply doesn’t know how to respond.Psychology TodayFafa Euba Blog - You Are Not Meant to Be Happy

Although social reproductive work has historically been associated with women in different modes of production, with the spatial separation of reproduction from production in industrial capitalist society, women were further associated with the domestic sphere and reproductive work. The burden of reproductive work on women has increased even more in the last four decades as a result of neoliberal policies. Neoliberalism, which is characterised by the increasing privatisation of social...

Imposing order requires energy, and so we have the three components of fundamental economic analysis: information, the natural resources of the environment, and energy. I have argued that these three are more useful to us than the standard capital and labor because they elevate information onto center stage, which is where it belongs. Besides if you think defining information is difficult try parsing out exactly what we mean by either capital or labor. Shannon’s dictum about the variety of...

We have been doing a lot of work developing the MOOC at the University of Newcastle which will also mark the first – MMTed material. We will follow up the MOOC with more detailed learning options in subsequent months. Tomorrow, we will be filming some more material for the MOOC and I think you will enjoy what we have planned when the MOOC begins on March 3, 2021. As part of the planning I have been thinking of simplified frameworks for teaching rather complicated concepts and relationships....

PPECapitalist Political EconomyHeather WhitesideMoon of Alabama (been going on for a least a century)New Documents Reveal More British Efforts To Undermine RussiaSouthFront (cites a Telegraph article that is behind a paywall)Churchill Labeled ‘White Supremacist’ By Leading British ScholarsRay McGovern (red lines)US-Russia, Recent History and Outlook for the FutureRay McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included...