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Mike Norman Economics

Is Modern Monetary Theory useful for developing countries? — Adam Aboobaker and Esra Nur Ugurlu

Academics take on MMT wrt development economics.  This is an early sign of informed and open debate based on the MMT framework by up-and-comers. Positive development.Open DemocracyIs Modern Monetary Theory useful for developing countries? Adam Aboobaker and Esra Nur Ugurlu, Ph.D. candidates in the Economics Department at the University of Massachusetts, Amherst

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Rashomon American Style–Truth is somewhere in between — Philip Giraldi

One is reminded of the Japanese book and movie Rashomon. The story was written by Akutagawa Ryunosuke in 1922 and the film, directed by Akira Kurosawa, followed in 1950. The tale, set in 8th Century feudal Japan, involved a rape and a murder with each of the four principal characters providing his and her own version of what had occurred. The murdered samurai speaks through a Shinto psychic, while a bandit-witness in the forest, a traveling monk, and the samurai’s wife, who was the rape...

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Sputnik International — From Sputnik I to Sputnik V: Russia Won the COVID Vaccine Race and Changed History, Again, Prof Says

By registering the world's first anti-coronavirus vaccine, Russia has confirmed its scientific superpower status, says Dr. Heinz Dieterich, coordinator at the World Advanced Research Project (WARP), explaining why Sputnik V is a worthy competitor to any of Big Pharma's new COVID vaccine candidates. (In case you were wondering, "sputnik" means satellite. Sputnik I (4 October 1957) was the first satellite to be launched into orbit, beginning the space race. Sputnik International From Sputnik...

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To Capture and Subdue: America’s Theft of Syrian Oil Has Very Little To Do With Money — Steven Chovanec

Answering questions from Senator Lindsey Graham, Secretary of State Pompeo confirmed that the State Department had awarded an American company, Delta Crescent Energy, with a contract to begin extracting oil in northeast Syria. The area is nominally controlled by the Kurds, yet their military force, the Syrian Democratic Forces (SDF), was formed under U.S. auspices and relies on an American military presence to secure its territory. That military presence will now be charged with protecting...

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Laying The Base For A Hydrogen Economy In The U.S. — Alan Mammoser

It's happening.I recall listening to a panel on alternative energy some time ago, maybe around fifteen years ago. One of the panelists was a VP of Exxon. He said that Exxon was "an energy company," and it was already preparing for hydrogen back then (Toyota had shown an experimental engine).He said that the obstacle is not tech but rather cost. He also said that the switchover would be expensive and people would be unlikely to pay higher prices. Therefore, without government mandating a...

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