Mike Norman Economics

Conversable EconomistHenry Adams: "Politics ... Had Always Been the Systematic Organization of Hatreds"Is Political Polarization a Rise in Tribalism?Max Weber: "He Who Lets Himself in for Politics ... Contracts with Diabolical Powers"Bertrand Russell: Thoughts on Politics, Passion, and SkepticismTimothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, MinnesotaInternationalist 360ºU.S. Holds Elections in Conditions it Would Condemn in...

Here we go. Correction is over. Election will generate a bullish surge of optimism. 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

Detailed account. This is apparently affecting the exchange rate. USD/RUB is over 80.OilpriceWhy Is Russian Oil So Expensive?Viktor Katona

State media. Make up your own mind.China has a long history of political rehab.Ecns.cn (China)Xinjiang training center grads refute rumors from WestChina Daily (state sponsored)

Out-of-work people in Austria will be guaranteed paid jobs as part of a new trial policy that could transform how countries deal with unemployment.The pilot study, which will eliminate long-term unemployment in the town of Marienthal practically overnight, has been designed by Oxford University economists at the behest of the Lower Austria’s department of work.It will see all long-term unemployed people in the town, an estimated 150 individuals, given work in fields such as childcare,...

This is a very good video about a poor village in China. What struck me was how happy the villagers were, especially the children, who are incredible sweet. Although these villagers are poor, they don't live in poverty. Their rural life hasn't changed for centuries.Up in the mountains some Chinese do live in poverty, as it's difficult to grow enough nutritious food in the habitat, but the CPC is bringing to them services, schools, roads, and the Internet, plus teams of experts are sent to...

Partisan disagreements about politically relevant facts appear to represent genuine differences in beliefs rather than insincere cheerleading, according to new research published in the American Journal of Political Science.…The findings are line with another study, published in The Journal of Politics, which found evidence that survey responses about untrue political rumors were mostly accurate measures of genuine beliefs.…So much for critical thinking. Cognitive-affective bias wins. And...

How many times is this fucking idiot going to say, "the next recession is going to be the worst in my lifetime?"He says it every fucking time. He just said it again.He looks into the future and sees a terrible reckoning ahead; one he predicts will be “the worst economic crisis of my lifetime”I don't know who's worse: Rogers or the media people who keep asking him give his idiotic points of view.George Soros made this guy rich, and thanks to that we have to listen to this idiot drone on...

This article demonstrates the importance of recessions in driving down the r* estimate produced by the Holsten-Laubach-Williams (HLW) methodology. Although there are other algorithms that can be used to generate a r* estimate, my argument is that they should have similar qualitative properties. In the case of the HLW estimate, my argument is that the nature of the recession in 2008 is a major contributor to the fall in r* thereafter. The underlying problem is that real-world data does not...

October 31, 2020From the editor:When it comes to justifying the “Greed is Good” ideology of neoliberal economics, Ayn Rand is mentioned as often as major economists such as Milton Friedman, Friedrich Hayek, and Adam Smith. Rand regarded herself as a philosopher and labelled her philosophy Objectivism, but it was her novel Atlas Shrugged that had the greatest influence, selling over seven million copies since its publication in 1957. Rand understood that fiction can be more effective than...