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Mike Norman Economics

Why The Federal Government Is To Blame For The COVID-19 Resurgence — John T. Harvey

Most of the blame so far as been pinned on state and local governments: they shouldn’t have opened so soon, they shouldn’t have given in to pressure from businesses and citizens, they should be more effectively enforcing the rules that remain in place, etc.I don’t see it that way at all.... Forbes — Pragmatic EconomicsWhy The Federal Government Is To Blame For The COVID-19 Resurgence John T. Harvey | Professor of Economics, Texas Christian University

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Correction in effect but maybe seeing some positives

Interesting developments once again in those tax flows. Are business profits starting to trickle back? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.pitbulleconomics.com/podcasts/

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Dr. Wolfgang Streeck: “We Are Being Governed by An Oligarchy” Mohsen Abdelmoumen interviews Wolfgang Streeck.

Facebook and Google have banned American Herald Tribune, along with SouthFront and other alternative news sources. Corporate censorship is here, and the US Constitution only protects from government censorship. Inquiring minds would like to know exactly who is behind this. My wager is government. The sources that are banned are known for news that runs counter to American foreign policy. American Herald TribuneDr. Wolfgang Streeck: “We Are Being Governed by An Oligarchy” Mohsen...

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Country With World’s Largest Oil Reserves Has Only One Rig Left — Tsvetana Paraskova

The prize the imperialist elite is salivating over with fangs bared. The collapse in oil prices and the tightening U.S. sanctions against Venezuela have accelerated the decline of the oil industry in the country sitting on the largest crude oil reserves in the world. OilpriceCountry With World’s Largest Oil Reserves Has Only One Rig Left Tsvetana Paraskova

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Meet Wikipedia’s Ayn Rand-loving founder and Wikimedia Foundation’s regime-change operative CEO — Ben Norton and Max Blumenthal

While this is problem with Wikipedia, it is not the only problem. In my experience the site is riddle with bias. It is only useful if one is already so well-versed in subject that one can separate the wheat from the chaff. And even then, it is difficult to catch it all the time. But it is free and some of the entries are really quite good. These are areas around which there is no controversy. But where controversy exists, my advice is to beware. But I would say that of the Internet in...

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I said a correction was coming. What’s next?

Big stock market correction today. Was it a one-day thing or is this the start of a new leg down? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.pitbulleconomics.com/podcasts/

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Links — 11 June 2020

Caitlin Johnstone — Rogue Journalist Humanity Is Escaping From The Abusive Relationship With The Police StateCaitlin Johnstone  OpEdNewsThe Four Corner Posts of Police Violence Marc Ash OpEdNewsPolice Violence: "Reform" Is Not EnoughThomas Knapp Down With TyrannyAlan Grayson Wrote Legislation To Demilitarize The Police In 2014... Pelosi, Hoyer, Clyburn And Their Allies Made Sure It Failed TruthoutPolice Are Building Surveillance Networks of Private Security Cameras in CitiesKatya...

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Research Says Violent Cops Cause Violent Protests — Matt Baume

Here is a 2025 study linking the militarization of police with increasing violence. NEW DIRECTIONS IN PROTEST POLICING EDWARD R. MAGUIRE* INTRODUCTION On August 9, 2014, a white police officer in Ferguson, Missouri shot and killed an unarmed 18-year-old African-American man named Michael Brown.1While the details of the shooting are disputed, for many black residents in the area, the incident represented the culmination of a long line of abusive police practices targeted primarily toward...

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Bill Mitchell — Government goes missing in the European Union

On Tuesday (June 9, 2020), Eurostat published the March-quarter national accounts data for the EU and the Eurozone – GDP down by 3.6% and employment down by 0.2% in the euro area – which revealed that the decline in GDP “were the sharpest declines observed since time series started in 1995”. Of course, Europe went into this crisis in poor shape. Eurostat noted that “In the fourth quarter of 2019, GDP had grown by 0.1% in both the euro area and the EU.” So it was barely crawling anyway due...

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