Mike Norman Economics

This post is a followup to a blog post I wrote a few weeks ago – ABCD, social capital and all the rest of the neoliberal narratives to undermine progress (November 12, 2020) – where I discussed the trends in government policy delivery and regional and community development thinking, which have emerged in the neoliberal period and attack the idea of government. These approaches claim thatonly through the development of social capital and a reliance on local initiatives, free of government...

Nobody there is going to attempt to initiate a dialogue starting with the thesis that they should just do the same thing and try it again...If there were then that moron person(s) would be disappeared from the team pronto...Instead all of the competent/qualified people doing this work will make an adjustment and correction and then attempt it again...SpaceX's unmanned Starship prototype rocket exploded on its return landing following a test flight https://t.co/mEJ9vKOX2u...

In addition to confronting gender politics, Magie decided to take on the capitalist system of property ownership – this time not through a publicity stunt but in the form of a board game. The inspiration began with a book that her father, the anti-monopolist politician James Magie, had handed to her. In the pages of Henry George’s classic, Progress and Poverty (1879), she encountered his conviction that ‘the equal right of all men to use the land is as clear as their equal right to breathe...

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