Mike Norman Economics

Alan Kirman quote.I have said this before but it is spot on here. Heterodox economists that challenge the existing "normal paradigm" (Thomas Kuhn) in which research and development is pursued are barking up the wrong tree, I believe. Unless they come up with a formal model that replaces the current "standard model," they will not be heeded.I don't see that as possible for the simple reason that a representative model of a macro social system would be intractable without sophisticated AI not...

With the formatting of Recessions: Volume I finally under control, I am now turning to the layout of my next book. As I have discussed before, I will write at least one report in between Volume I and Volume II. With the Mitchell/Wray/Watts textbook published, I feel I am in a better position to write an explicit MMT primer. (Understanding Government Finance is the closest I have to a MMT primer, but it has a narrower scope.) Bond Economics MMT And The Coming ExpansionBrian Romanchuk

These Public-Private Partnerships seem to be gaining ever more acceptance on both sides of the aisle and not just in aerospace but also in transportation, utilities perhaps others ... might be a good form for solving the US Healthcare issue...Great to see @SpaceX complete another successful launch from @NASAKennedy Space Center in #CapeCanaveral tonight. Sen Rubio recognizes the importance of public-private partnerships in the #spaceindustry & is committed to strengthening them through...

Oh noes!: On the other hand, there are those who serve themselves, who do not hold any moral principles, who want to demolish the family and the nation, exploit workers to make themselves unduly wealthy, foment internal divisions and wars, and accumulate power and money: for them the fallacious illusion of temporal well-being will one day – if they do not repent – yield to the terrible fate that awaits them, far from God, in eternal damnation. Frustrated platonist priest threatening the...

What a joke!The White House said Friday it has information that individuals linked to Venezuelan leader Nicolás Maduro have incited violence at protests in the United States spurred by George Floyd’s death. U.S. Sen Rick Scott also highlighted a similar report earlier in the week, promising Wednesday on Twitter that the U.S. government would crack down on any operatives tied to Latin American dictators who instigate conflict in Miami as part of the protests.. Neither offered proof of the...

Another instance of blame the victim.The reality is that if the person was breaking the law, he should have been taken into custody. If he resisted, only enough force to control the person should have been used.This is an example of amateur policing, indicating the the police were either not well trained or else lacked discipline.Policing both art (skill) as well as a science, and failures should be addressed as either personal failure on the part of the officer or  management...

The week in review.Who What WhyEditors’ Picks: Special Uprising Edition

Steve Bannon's latest attack on the Chinese government. Videos. The Unz ReviewBoomer Bannon Shilling Some New China Regime Change Project Anatoly KarlinSee alsoNewt piles on.Fox News — OpinionGingrich & Christensen: Coronavirus was a wakeup call – Now US-China policy must be reimagined Newt Gingrich, Claire Christensen

Constitutional crisis brewing?Associated PressAnalysis: White House, Pentagon tensions near breaking pointRobert Burns

Backgrounder. Conditions have changed.Elijah J. MagnierSyria: Will the Great Middle Eastern War Begin in the Levant?