Mike Norman Economics

Pretty much as you'd guess, except for #2 Hong Kong maybe.Visual CapitalistRanked: The Top 10 Global Cities, by Ultra-Wealthy PopulationCarmen Ang

Every once in a while I come across criticism of MMT that is over the top funny. Here's one for the record. ROFLMAO.Liberty NationIs Modern Monetary Theory Pathological Mendacity?Andrew Moran

McKinsey is supposed to be the place that hires the high-power talent. The authors of this article don't realize that a currency issuer doesn't need to get its currency to finance itself. Freshman error.McKinseyUsing public real estate to fuel a postpandemic recoveryDag Detter, Ali Abid Hussain, and Jonathan WoetzelOpen interactive popup

Bernie knows his stuff, and here he gives a warning about the election result. Trump might be out front Initially, but Biden could win in the end. Politics will then get dirty [embedded content]

 We're taught to believe that America is the greatest country on earth and that it couldn't possibly get any better. Let's put that claim to the test. In this episode, we'll compare the US to other wealthy nations using several key metrics: "low-skilled" job compensation, vacation time, length of the work week, and paid parental leave. The results may surprise you.[embedded content]

 Prime Minister Netanyahu promotes and sometimes manufactures an endless series of national security crises. The military and settlers win; everyone else loses.Netanyahu controls the people of Israel by intimidating them with existential threats—if it’s not nuclear Iran, then it’s the tunnels of Hamas. If not ISIS, then Hezbollah in Lebanon. If not an international flotilla of solidarity activists trying to break the blockade on Gaza, it’s anti-Semitism taking over Europe. The premier has...

This major new report from Transparency International – Defense & Security examines the underlying processes and pathways to influence between the American defense export sector, the federal government, the defense bureaucracy, and Middle East and North Africa (MENA) governments. These pathways enable American defense firms to export arms and defense services to MENA countries despite many regimes’ poor human rights and governance records, lack of transparency and accountability, and...

 Meet Sinophobia Inc.—the media machine busy manufacturing consent for war on China. Armed with state funding and weapons industry sponsors, this handful of influential think tanks is setting the terms of the New Cold War on China and propelling the U.S.-led alliance’s drive towards war on China.This same convergence of corporate media and weapons industry interests led down the disastrous path of U.S. intervention in the Middle East. But it’s up to us to break the cycle by pulling the...

VALDAI. Putin's speech is here. To my mind, other than the funeral crack, the most memorable bit was his strong defence of a mixed economy: when things are purring along, free enterprise does the job but in bad times you need the government. I'd say the last 20 years vindicates this point of view....Sic Semper TyrannisRUSSIAN FEDERATION SITREP 5 NOVEMBER 2020Patrick Armstrong

The conclusion is clear: The next US administration should accept China’s continued economic and technological rise. It may not like the idea of China overtaking the US – a milestone that will probably be reached within the next decade. But further attempts to stave off that outcome would be not only futile, but also very costly.Well, the real question is can American accept not being number one. Probably not. Thucydides trap on schedule.Project SyndicateThe US Must Accept China’sDaniel Gros...