Mike Norman Economics

Historical backgrounder on eurozone dystopia.Bill Mitchell – billy blogThe French inferiority complexBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

A controversial New York Times article describes several popular white intellectuals as marginalized “renegades.” What is the Intelectual Dark Web? It is a politically diverse movement, but mainly it is about right-wingers who don't like postmodernism. Centuries of dominant white male rule are coming to an end, and they don't like it. Members of the intellectual dark web want to be at the center of intellectual debate. But the center has shifted. To understand the unhappiness of...

“There is no such thing as public money, only taxpayer money.” — Margaret Thatcher, 1983 SplinterThe Dangerous Myth of 'Taxpayer Money' Raúl Carrillo & Jesse Myerson

The environment is degrading, an aging population needs care, and wages are stagnant. And that was before COVID-19. A job guarantee could address it all. “Is there a limit to how much we can care for each other?”That’s the radical question at the heart of economist Pavlina Tcherneva’s timely new book, ”The Case for a Job Guarantee,” due to be published this month.... HuffPostMillions Are Unemployed. Crises Abound. Is It Time To Guarantee Public Service Jobs? Alexander C. Kaufman...

Donald Trump renews racist attacks on Ilhan Omar Trump tells supporters the Muslim-American congresswoman wants to make 'our country' like the place 'from where she came' Middle East Eye 'Our country': Donald Trump renews racist attacks on Ilhan Omar Ali Harb See also  Sputnik International Peeved Pompeo Calls UN Human Rights Council ‘Haven for Dictators’ Over Report on Systemic RacismAlsoUS NewsU.N. Sets up Inquiry Into Racism After George Floyd DeathReuters, Wire Service Content...

US poodle? Sputnik InternationalBank of England Set to Decide Who Venezuela’s President is. How Did It Come to This?

Conflict of India with China is not in the interest of either India or China. M. K. Bhadrakumar advocates for Prime Minister Modi negotiating a peaceful solution but that is easier said than done. Powerful forces in India oppose compromise that would "give ground," and China is very clear on what its red line is.India PunchlineModi only can reach a border settlement with China M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSee alsoRTIndian minister suggests China's...

...why would the government borrow from a private bank when, in the form of the Bank of England, it actually owns its own? If we persist in the idea that asking the Bank of England to create money puts us in debt, then given its only shareholder is the government we are actually in debt to ourselves – and that is no debt at all. And logic dictates that if you are not indebted you do not have anything to pay back. Progressive PulseThe debt deceptionPeter May

Odds of a V-shaped recovery in oil demand are shrinking. Demand for jet fuel will continue to drag on global oil demand for at least another two years. Permanent changes in lifestyle and possible reduced commuting in developed economies could structurally reduce demand for oil products. Demand for energy is a pretty good barometer of economic activity. Oilprice.comWhat’s Holding Back A Full Recovery In Oil DemandTsvetana Paraskova

Another warning about Wikipedia not being a reliably objective information platform.VenezuelanalysisProject Venezuela: Right-Wing Activists Push Wikipedia to Blacklist Alternative Media Alan Macleod