Mike Norman Economics

Trump can thank his inability or unwillingness to challenge traditional Republican ideology for his consistent polling deficit against Democratic nominee Joe Biden during this year’s election cycle, according to Saagar Enjeti, co-author of “The Populist’s Guide to 2020: A New Right and New Left Are Rising.” Enjeti ― who, like Krein, identifies as a right-wing populist ― believes that pro-corporate, trickle-down economics has been an especially tough sell amid the destruction caused by the...

Corruption is just another form of economic rent extraction.Tax Research UKLawyers understand that this country is corrupt. So do medics. It’s time other professions did as well.I can accuse the government of being corrupt without fear now, because the evidence supports my case. And that’s profoundly worrying.Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and...

Imposing the market state (neoliberalism).Mint PressIMF Seizes on Pandemic to Pave Way for Privatization in 81 CountriesAlan Macleod

A contrarian view of China.It might be cathartic to opine noisily about another country’s standards and practices, but there is substantial historical evidence to suggest that a country’s citizens will tend to value economic opportunity over most other issues. That axiom applies as much to the US, the UK, and Europe as it does to China....China is kicking ass economically. Might it be foolish to keep poking a dragon (along with a bear and griffin (huma in Persian)?Project SyndicateThe Logic...

Interesting for two reasons. First, it takes us a step further in discovering the how of the origin of life on Earth. Secondly, it shows how science discovery works inductively by starting with observation to arrive at new hypotheses, rather than deductively by proceeding from existing theory.Quanta MagazineNew Clues to Chemical Origins of Metabolism at Dawn of LifeJohn Rennie

I have been arguing within the Scottish Currency Group recently, through a number of OPs and comments, that the MMT narrative about taxation is incomplete and presents a serious weakness in the MMT proposition. I want to explain why this weakness needs to be addressed…. Back to the Noble Lie. Progressive PulseMMT and Tax : a new narrative – A guest post by Jim Osborne

In this post, I continue the draft of sections of my forthcoming book, “Marxian Economics: An Introduction.” The first five posts (here, here, here, here, and here) will serve as the basis for chapter 1, Marxian Economics Today. The text of this post is for Chapter 2, Marxian Economics Versus Mainstream Economics (following on from the previous posts, here, here, here, and here).Occasional Links & CommentaryLimits of mainstream economics todayDavid F. Ruccio | Professor Emeritus of...

Someone I follow put a tweet out under a Republican thread. The thread was very disturbing and was full of conservatives foaming at the mouth baying for China’s blood. They were saying that the CPC had taken over many Americans institutions, including the Democrats, the media, ect, and was underming American democracy. How can they believe this when nothing could be further from the truth. The media hammers China daily. It's like a replay of the Democrat Russiagate conspiracy theory. I lost...

 ‘Great news organisations … should introduce fact to disperse doubt’In an interview with the New York Times, Mr Murdoch expanded on the statement he gave when he left his father Rupert Murdoch’s company earlier this year, expressing his discomfort with the toxicity of Fox News and other media outlets owned by the company.The Independent James Murdoch says he quit father’s news empire because it legitimises ‘disinformation’.html

And in the world of economics, the new school of Modern Monetary Theory -- which says governments usually have more room to spend in times of low inflation -- has gained traction by advocating bold fiscally-financed programs like a Green New Deal.It all points toward the revamp of economic management that should have happened after the financial crisis a decade ago, according to Paul McCulley, former chief economist at bond giant Pacific Investment Management Co. Back then, politicians...