Mike Norman Economics

Backgrounder.Andrew Batson's BlogChina’s grassroots market liberals Andrew Batson

Back in 2010 the materialist historian Turchin predicted in an article in Nature that 2020 would see a major outbreak of social disorder in the USA.His work distinguished between the long term stress that a society experiences and short term triggers. The long term stress predisposes a state to social breakdown, riot, insurrection or civil war. Once the society is in a highly stressed state, then some otherwise common event – the killing of an innocent man by the police in this case – can...

It should be obvious to everyone now that taxes do not fund government spending. 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/

Looking good.... now just show them the munnie and we’ll be past this thing soon...Johnson & Johnson in talks with governments on possible COVID-19 vaccine https://t.co/8HjLB4tocm pic.twitter.com/BuSvLN2k88— Reuters (@Reuters) June 18, 2020

Backgrounder.M. K. Bhadrakumar puts the blame squarely on the Indian elite for creating a threat to China that the Chinese would quite reasonably evaluate as real, with a predictable reaction forthcoming. Part of this threat is the recent rapprochement with the US militarily. but that is not all.This is the best analysis of the situation and the issues I have seen so far.India Punchline1962 India-China war redeux? M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSee also...

It just shows you how careful you have to be, especially if you don't have much money. The tragedy is, the debt was probably just temporary and would have corrected itself.The note found on his computer by his parents on June 12, 2020, asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?” The tragic message was written by Alexander E. Kearns, a 20-year-old student at the University of Nebraska, home from college and...

Wacko John Bolton’s “exceedingly tedious”(New York Times) book is made up of lies & fake stories. Said all good about me, in print, until the day I fired him. A disgruntled boring fool who only wanted to go to war. Never had a clue, was ostracized & happily dumped. What a dope! Donald Trump

These false claims are: (1) Inequality is natural and inevitable, or egalitarianism is unsustainable without a significant loss in freedom. (2) Capitalism is more consistent with negative freedom than any other conceivable economic system. (3) Private property is somehow “natural,” meaning that when free from interference people tend to appropriate and transfer property in ways that lead to a capitalist system with strong, individualistic, and unequal private property rights. The book...

Translation: "Help, we need more money!!!"Sputnik InternationalRussia, China Putting US Military Space Superiority at Risk, Pentagon Says

Fed can lend, it can't spend. Does not have a bullish effect on the market beyond short-term. 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/