Mike Norman Economics

Only by remembering complex, uncomfortable aspects of Britain and Ireland’s shared history can we forge a better futureThe GuardianEmpire shaped Ireland's past. A century after partition, it still shapes our presentMichael D Higgins | President of IrelandSee also by President Higgins at the GuardianIrish president attacks 'feigned amnesia' over British imperialism

Warning!Strategic Culture FoundationNATO’s Road To Perdition With UkraineEditorialThe Strategic Culture Foundation is alleged by the US to be an organ of the Russian state."GEC Special Report: Russia's Pillars of Disinformation and Propaganda" (PDF). United States Department of State. August 4, 2020.See alsoMoon of AlabamaEU - Russia Conflict DeepensSee alsoSputnik InternationalMoscow Ready to Break Ties With EU if Bloc Puts Russian Economy at Risk, Foreign Minister SaysSee alsoTASSLavrov...

Neoliberalism 2.0.In their Reset primer, Klaus Schwab and Thierry Malleret consider what the post–Covid world might look like at various levels of civilization. While the authors frequently inject their vague and utopian hopes and wishes for the post-pandemic world, they acknowledge the possibility that humanity could be headed for a dystopian nightmare. But they consider this bleak scenario only briefly, in all likelihood because it is inconvenient to their case. What specifically do the...

Happy (Lunar) New Year!Short video, featuring the Panchen Lama speaking English.ECNS11th Panchen Lama extends wishes for Chinese Lunar New Year, Tibetan New YearChina embraces Year of the Ox as absolute poverty eliminated, epidemic under controlSpring Festival gets high-tech boost at Shanghai Disney ResortXi extends Spring Festival greetings to all Chinese

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...