Mike Norman Economics

Banana republic watch.SlateThe Real Threat of Trump’s Latest Doomed Plea to the Supreme CourtMark Joseph Stern

Monumental undertaking by his biographer and monumental life by Marx.That the ruling class of the West demonized him, probably more than anyone else, then, now, and in between speaks volumes. The last word has not been said.Global InequalityPortrait of the philosopher as a young man: the first volume of Michael Heinrich’s biography of MarxBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic...

Weekly petroleum status report shows some shockingly weak figures. 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

 2015 article.Big business starts fighting the New Deal.During the Great Depression, with business on the defensive, and reeling from a soiled public image, big business embarked on a campaign that, according to Kruse, “painted capitalism as the handmaiden of Christianity.” These two philosophies had been put together before, but now they stood together against the socialism that was the New Deal.Kruse says that, starting in the late ’30s, and going into the ’40s, business leaders waged a...

I am not enthused about Biden's pick for the same reasons as others — revolving door and military control of the military. But he's a whole lot better than other frontrunners.Moon of AlabamaChina Hawks Outraged About Biden's Defense Nominee

 Scott Sumner still struggling with MMT viewed from the conventional perspective.The Money IllusionEndogenous interest rates and aggregate demandScott Sumner | Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University

There is a new eBook published by the Stigler Center which is an offshoot of the Booth Business School at the University of Chicago. The publication contains a number of short essays either attacking or defending the infamous pronouncements by Milton Friedman on the role of the corporation. This year, you may recall, is the 50th anniversary of the newspaper article in which Friedman described his view that the purpose of the corporation is too maximize shareholder value. The subsequent...

BRI forges ahead. US vows to block.The Vineyard of the SakerUS hits Search and Destroy against the New Silk RoadsPepe EscobarAnother reason to ramp up military spending?“America will soon have a government that treats the climate crisis as the urgent national security threat it is.” — John KerryMint Press NewsJohn Kerry’s Think Tank Calls for War With Russia Over Climate ChangeAlan Macleod

Even the limited amount of available data suggests that Chinese military companies' share on the global arms market is second only to that of their American rivals....China displaces Russia as #2? Sputnik InternationalChinese Defence Industry Reportedly Became World's Second Largest in 2019See alsoLacks drones.SouthFrontRussia Is Not Ready For Next-Generation WarBut may already be filling that gap.Zero HedgeNew Russian Suicide Drones Reportedly Battle-Tested Inside SyriaVia...