Mike Norman Economics

 The settlers have been trying to push us from our Jerusalem home since 2009. Now they might succeed.This Saturday, November 21, Israeli settlers, backed by police and military, will likely force my family out of our home forever. This fate of dispossession looms over much of my neighborhood. Our lives are consumed by the anxiety of living on the brink of homelessness. As I study thousands of miles away in New York City, my hands feel tied, which traps my fury. Tomorrow My Family and...

Paul Samuelson deserves a lot of the blame for what happened owing to his influence on economic methodology. But it did not begin with Samuelson. Keynes criticized Tinbergen's econometrics, for example, and Alfred Marshall, whose Principles was as influential at the time as was Samuelson subsequently, also warned about overextending the use of mathematics.The rigor of scientific method in causal explanation stems from balancing intuition in discovery, mathematical formalism in theory...

The shape of things to come.Singularity HubA 3D Printed Apartment Building Is Going Up in GermanyVanessa Bates Ramirez

 The universe is similar to a huge human brain, scientists have found.A new study investigated the differences and similarities between two of the most complex systems in existence, though at entirely difference scales: the cosmos and its galaxies and the brain and its neuronal cells.They found that while the scale is clearly different, the structure is remarkably similar. In some cases, the two systems seemed more similar to each other than they did to the parts that make them up.  THE...

 My message is clear: I recommend one child per couple to lower the population, avert future famines, and avoid wars over water. If that sounds radical, then maybe it is time for radicalism. In a culture that bemoans a falling fertility rate because it will damage the economy — instead of praising smaller families because it means less crowding, more nature and better quality of life for all — there is great need for more voices of sanity. Voices like Edward Abbey who said, “Growth for the...

 The last five years has seen a sharp rise in anti-science rhetoric in the United States, especially from the political far right, mostly focused on vaccines and, of late, anti-COVID-19 prevention approaches. Vaccine coverage has declined in more than 100 US counties leading to measles outbreaks in 2019, while in 2020 the US became the epicenter of the COVID-19 pandemic. Now the anti-science movement in America has begun to globalize, with new and unexpected associations with extremist...

 Vince Cable takes the same approach as me about China, that whatever the CPC's past or crimes, it might not be the same party today. Where China is going, I don't know, but it's looking good to me, although I prefer the Scandinavian model. But China is considering a stronger welfare state. Throughout history all powerful nations have been brutal, but could China be different? We will have to wait and see, but I can't see anything being much worse than what we have had up to now. [embedded...

2010 articleIt could be time to consider a One Child policy. Eminent Australian scientist Professor Frank Fenner, who helped to wipe out smallpox, predicts humans will probably be extinct within 100 years, because of overpopulation, environmental destruction and climate change.Easter Island is famous for its massive stone statues. Polynesian people settled there, in what was then a pristine tropical island, around the middle of the first millennium AD. The population grew slowly at first and...

 If there is damage to the prefrontal cortex in an individual then their cognitive flexibility may be impaired. It means that open-mindedness presents a challenge; and since religious fundamentalism involves a strict adherence to a rigid set of beliefs, it would seem like the comfortable option for such an individual.This is why Dr. Grafman and his team predicted that participants with lesions to this region of the brain would score low on measures of cognitive flexibility and trait openness...

Bearish sentiment is too low. It has to come up. But the outlook is still bullish. 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