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Mike Norman Economics

Xinhua – The think tank behind anti-China propaganda in Australia

You have to be very careful on twitter if you put out positive tweets about China, and always be civil, to never swear, or use swear words with an asterisk in, or use a v instead of a u, because if you do hundreds of paid Hong Kong trolls may complain to twitter to get your account closed down. People swear all the time on twitter, and are abusive, but a lot of people have to complain first before twitter suspends an account.    The Australian Strategic Policy Institute (ASPI) is infamous...

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Links on the eve of the election

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...

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Election tomorrow. Correction over. Here we go.

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

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Unconditional job guarantee to be trialled in Austria, in world first — Jon Stone

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,...

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Gweilo 60 – LIVING POOR in CHINA it’s better than you think!

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...

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The partisan divide in factual beliefs is not just insincere political cheerleading, according to new research — Eric W. Dolan

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...

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Jim Rogers is a fucking moron

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...

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