Mike Norman Economics

  Alastair Crooke explores the emergence of the new (tech) world order, and what our tech masters have in store for us. More totalitarian neoliberal globalism.Strategic Culture FoundationThe Fork in the RoadAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

Marx’s disciples want to introduce modern monetary theory (MMT), a neo-Keynesian concept that involves printing even more money without the consequence of inflation. They may be unaware of it, but the MMT crowd is militating on behalf of Gresham’s Law. This is an economic principle that succinctly states that “bad money drives out good money” since people would likely hold onto more valuable assets, particularly gold and silver, than whatever the socialists print. "Marx’s disciples." You...

The US has managed a series of strategic blunders since the decision to go into Vietnam. This one, involving China, Russia and Iran, is likely to be the most damaging.This will not be reversed should Biden win. The Democrats' foreign policy bench is as weak as the that of the GOP, and Biden will appointed personnel from that roster. On the othert hand, what could be worse that Mike Pompeo and John Bolton. Susan Rice and Samantha Power, maybe?Moon of AlabamaA Significant Decline Is Coming For...

 Forty publicly traded U.S. oil producers wrote down a collective US$48 billion worth of the value of their assets in the first quarter of 2020, just after oil prices collapsed, the Energy Information Administration (EIA) said on Monday…. OilpriceU.S. Oil Firms Wrote Down $48 Billion In Assets After Price Crash Tsvetana Paraskova

On Saturday (July 25, 2020), The Australian published another Op Ed that I wrote in collaboration with Noel Pearson. I understand that many people (mostly abroad) were unable to access the article (as a result of paywall restrictions on certain devices). I am unable to post the final article due to copyright restrictions but I can provide the draft article which was not too different from the final version. It also seems that the faux-progressives have somehow decided that our...

The World Bank was unable to find evidence of any mistreatment of Uighurs in Xinjiang, but as they were unable to fully inspect every facility, they have decided to reduce their funding in light of the recent allegations.[The World Bank] said that a review conducted by senior managers did not substantiate the allegations, but that "in light of associated risks" with the schools which are "difficult to monitor", it would shutter the partnerships.Reuters - China says World Bank report...

If wealth inequality is to be prevented from becoming worse than the horrendous level it has already attained, then the only way this can be done is by larger government spending that is financed by a tax on the rich, either a profit tax or a wealth tax.... We have been talking about the “private sector”, but since workers more or less consume what they earn, it is the capitalists whose savings increase because of the fiscal deficit and who hold claims upon the government. And here, the...

If you're like me you hate it when people ask, "What's your Plan B if Plan A doesn't work out?"Well, now you can walk around proudly letting people  now how you really feel! Reserve yours now. Available in all colors and sizes! Yeah!!!

MMT is a way of looking at the financial part of the economy from a different point of view. It is often described as a Lens you can look through to see things that hither too have not been made clear. New Wayland BlogThe View Through The MMT Lens NeilW

Prior to the pandemic, the consequences of 10 years of cuts to public spending and government policies had already left people in precarious employment and on low wages – in poverty. The future is now even more uncertain for many of those people who will be joined by many others fearing equally for their prospects. ‘Can I get a job?’ ‘Will I still have a job to go to?’ And for young people ‘What sort of future will I have?’ Those fears are translating into falling consumer confidence and...