Mike Norman Economics

I've was debating hard with the C19 conspiracists and then this article turned up. Although I never did debate with them about this topic that much. The conspiracists think that Bill Gates and Big pharma closed this research down as it competed with the new medicines they are developing, but maybe there was just some kind of error? We will have to see.On its face, it was a major finding: Antimalarial drugs touted by the White House as possible COVID-19 treatments looked to be not just...

Richard Murphy says out loud for all to hear what a lot of people are thinking to themselves and whispering about. This is starting to evoke memories of the 1930's. "Antifa" (antifascism) has been saying this for some time and has been marginalized for it. Now it is becoming an issue. There is a tendency to blame the president and his administration for this, that that would be incorrect given the history. This doesn't happen overnight and has been a long time in the building. Arguably,...

...The obvious conclusion is that the Federal government has not supported an ailing economy enough to avoid the damage that negative growth brings. An urgent and major shift in fiscal policy towards further expansion is definitely required.... Bill Mitchell – billy blogAustralia national accounts – early stages of the virus recession now clear Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW,...

Peter Radford makes some observations and offers friendly advice to Americans.I would add that in an environment of globalization owing to advances in communications and transportation technology, America is hemorrhaging soft power over issues like institutional racism. This is not just immoral but it is also not pragmatic. It belies the principles that American and Western liberalism supposedly stand for and seeks to imposes on others, even the unwilling, by violent means if deemed...

MMTed is launching its new on-line show – MMTed Q&A – tonight. Live streaming begins Wednesday Night 20:00 East Coast Australia Time. We will be answering questions and introducing a special guest each episode.... Bill Mitchell – billy blogMMTed Q&A – Episode 1 – streaming tonightBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

 Brian writes: The rest of the John Quiggin article discusses how MMT is a continuation of existing Keynesian theory (at least Old and Post-Keynesian theory). Note that this is actually what MMTers themselves have said. I think it is necessary to emphasize here that "continuation" doesn't mean just "repetition," lest anyone miss it. MMT economists have observed the principle, "Imitate and innovate." MMT is not just a rehash. While MMT economists draw on the past and develop their position...

The growth and extension of the police state has been bipartisan and has increased greatly since the passage of the Patriot Act suspending constitutional rights and civil liberties, along with police militarization, and illegal civilian surveillance.OpEdNewsState Terrorism Across America Joe Giambrone Also "Us against them." AlterNetTrump, fear and racism: How our brains can be manipulated to tribalism Arash Javanbakht AlsoThe BafflerInsurrection in the Eye of the BeholderHawa...

In its 2020 annual report on international religious freedom, the United States Commission on International Religious Freedom (USCIRF) has claimed that several nations, including Russia, China, Iran and, for the first time, India, should be included in the list of so-called "countries of particular concern". Another terrible idea that will be viewed by traditional societies as an illiberal liberal attack on them.And selective. There is apparently no mention of Saudi Arabi or any of the...

Another strategic blunder undermining soft power. This is all too reminiscent of the 1930's, especially given the administration's rhetoric and behavior. Wrong move at the wrong time.Politico'It just doesn't seem right': Pentagon officials on edge over military leaders' dealings with Trump Lara Seligman And Bryan BenderAlsoAlterNetTrump’s trolling has turned into real-world violence — what his voters wanted all alongAmanda Marcotte

The future is now — well, almost.McKinseyFlying-cab drivers wanted Uri Pelli and Robin RiedelThis is already now.New GeographyAmazon Air: 2020's Transportation Juggernaut Joseph Schwieterman | professor and director of the Chaddick Institute for Metropolitan Development at DePaul University in Chicago. Schwieterman’s new co-authored study, Insights into Amazon Air: 2020’s Transportation Juggernaut, is available here. Open interactive popup