Mike Norman Economics

One day after Australia was defeated at the World Health Assembly in a joint effort with the Trump Administration to attack China, and after Beijing retaliated, calling the Australian Government a US puppet, a joke, and chewing-gum on China’s shoe, Australia has telephoned Moscow for help. In a call initiated by Foreign Minister Marise Payne (lead image, left), Foreign Minister Sergei Lavrov was asked to boost Russian imports from Australia and send more Russian tourists to the country....

Good news for the British government’s finances An awful lot has changed since Rishi Sunak, the chancellor, unveiled his budget in March. Britain’s economy looks set to experience an unprecedentedly rapid and deep recession. What is more, the government, through actions such as the furlough scheme to support employment, is choosing to bear an unusually large share of the initial costs. The result will be much higher government debt than previously anticipated. And yet the actual cost of...

Recognize any of these in economic discourse?Big Think8 logical fallacies that are hard to spot Steven Johnson ht Yves Smith at Naked Capitalism

Remember back just a few months ago. We are in Britain. All the Remainers are jumping up and down about Brexit. We hardly see anything about it now as the UK moves towards a no deal with the EU. Times have overtaken all that non-event stuff. Now the developments are confounding the mainstream economists – again. There will be all sorts of reinventing history and ad hoc reasoning going on, but the latest data demonstrates quite clearly that what students are taught in mainstream...

Regan: Hello everyone, thank you for tuning into this episode of the Knowledge Problem Podcast. I’m your host Regan Ferrell [and I’m Alex Pilkington] on today’s episode we explore the merits and shortcomings of capitalism. [1:00] We have Dr. Jeffrey Miron speaking first, followed by rebuttals from Dr. Michael Hudson.... Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismDefinitions and DebateRegan Ferrell interviews Jeffrey Miron, senior lecturer and director of...

C J Werleman is putting out anti-China propaganda on Twitter, and Nafeez Ahmed sometimes does this too. Both are excellent journalists in every other way.CJ Werleman says the Chinese government is forcing Xinjiang Muslims to eat pork and drink alcohol. This is total rubbish as it would greatly backfire. They would have a revolution on their hands. Uyghur students forced to eat pork, Muslims required to drink before entering mosques, C J Werleman  A Chinese person sent me this video.Tweet...

National self-sufficiency is the new target. Russia was able to achieve this owing to sanctions. According to Putin, without sanctions it would have been impossible politically.TASSPutin: Russia is now fully self-sufficient in basic food products

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Longish, but interesting if following this.Dances with BearsTRUTH VACCINE KILLS AUSTRALIAN-AMERICAN CAMPAIGN AGAINST CHINA IN WORLD HEALTH ORGANISATION DEBATEJohn Helmer

With testing ramped up, some numbers are coming in.CRMay 20 COVID-19 Test Results, AND Great News on the Next Step Bill McBride