Mike Norman Economics

This guy is Colombian and is a serial entrepreneur who has often enjoyed dangerous sports earning money from them. So, he's not someone you might expect to be a typical CCP supporter.Anyway, one freedom that China has which much of the world hasn't, is freedom from fear. People are relaxed and friendly in China.So, is living in dormitories provided by companies in China is really that bad? Well, if you think so then try living as a poor person in the US.Socialism in China - How GOVERNMENT...

After having previously been ignored and disparaged for decades by mainstream economists and politicians, MMT has been making the headlines and finding its way into a growing public conversation. Two significant publications over the last few weeks are challenging the very basis upon which government policy is determined; ‘does it fit with our political agenda, is it affordable’ and ‘how can it be paid for?’ ‘The Deficit Myth’ by Stephanie Kelton was described by Professor Hans G Despain...

China is doing no less than building a new model in FinTech that will make the old model obsolete and in this way they are simply leapfrogging the current financial systems distributing the dollar with fast, lean and modern systems supporting the Financial Silk Road... Kick ass tech. Quite rightly the Asiatimes is asking .. Who is actually decoupling from Whom? And I can add, and using modern FinTech to do so with solutions appropriate contextually to our modern world.... So, it is clear...

Yuen Yuen Ang, political science professor at University of Michigan, has written an ambitious book. “China’s Gilded Age: The Paradox of Economic Boom and Vast Corruption” is much more than an observer might infer from its title. Its goal is to redefine corruption, reexamine the relationship between corruption and economic growth, and analyze (often empirically) the role of corruption in China’s development during the past 40 years. Ang begins with two important points: to better...

It is an act of criminal malfeasance that the United States’ federal government has not eased the tremendous fiscal pressure on states and municipalities, enabling them to prioritize public health and long-term economic wealth over immediate maintenance of tax revenue. Misgovernance of the United States presently rises to the level of war crime (and that is not just Donald Trump). A recent article by Rohan Grey, aptly titled Monetary Resilience, highlights one way this national...

Note: M. K. Bhadrakumar incorrectly asserts that Mike Pompeo was a sergeant in the US military, whereas Secretary Pompeo graduated first in class from West Point and served as an officer from 1986 to 1991, when he left the military with the rank of captain.India PunchlineUS-China trade deal unravels. What next? M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSee alsoNEOUS-China Relations: The Picture Remains Extremely Paradoxical Vladimir Terehov

Excellent short review of Pavlina Tcherneva's new book on the MMT job guarantee.Bond EconomicsNew Book: The Case For A Job GuaranteeBrian Romanchuk

Nobody briefed or told me, @VP Pence, or Chief of Staff @MarkMeadows about the so-called attacks on our troops in Afghanistan by Russians, as reported through an “anonymous source” by the Fake News @nytimes. Everybody is denying it & there have not been many attacks on us..... ...Nobody’s been tougher on Russia than the Trump Administration. With Corrupt Joe Biden & Obama, Russia had a field day, taking over important parts of Ukraine - Where’s Hunter? Probably just another phony...

An excellent video about China.Why is there so much anti-Chinese propaganda in the West, because over the last 30 years China has gone from a poor nation to one of the richest, with its people enjoying an ever increasing standard of living, and this worries Western leaders because we might start asking them what went wrong here in the West?Thatcher and Reagan brought in austerity and told us it would release us from the shackles of government, making our lives better and wealthier.While we...

This will be presented in 3 sections and in 3 different blog posts Backgrounder with lots of economic history in addition to social and political history. While the author is a committed socialist, which is a matter of choice based largely on values (normative), the history (positive) seems to me to factual and well-researched. It's a tightly packed summary that covers centuries, so it is a fairly long read, but worthwhile. Increasingly, world history is being made in Eurasia. The Vineyard...