Mike Norman Economics

The US has turned down an extradition request for one of its citizens who was charged with causing the death of teenage motorcyclist Harry Dunn. Mr Dunn, 19, died after a crash in Northamptonshire in August which led to the suspect, Anne Sacoolas, leaving for the US under diplomatic immunity. The Home Office had launched extradition proceedings on charges of causing the death by dangerous driving. A spokeswoman said the decision by the US "appears to be a denial of justice". Washington,...

“I think I'll probably vote for Bernie... He’s been insanely consistent his entire life. He’s basically been saying the same thing, been for the same thing his whole life. And that in and of itself is a very powerful structure to operate from.” -Joe Rogan [embedded content]

Anti-EmpirePutin Has Deprived the Children of the Elite of Their Political Future Marko Marjanović Anti-Empire EU Declines to Recommend Members Ban Huawei’s 5G as Sought by US Bloomberg Elijah J. MagnierIran is ready to attack again: Will the US forces withdraw from Iraq? Indian PunchlineUS plotting return of ‘strongman’ in Iraq M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service Fast Company Doomsday Clock scientists are so freaked out, they adjusted the countdown...

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Mnuchin says the U.S. government must cut spending and reduce the deficit. This will absolutely guarantee a recession.It's amazing that these views still prevail. Complete and total ignorance.

somebody said it!Treasury Sec. Mnuchin says climate activist Greta Thunberg is in no position to give economic advice until she’s gone to college and come out with an economics degree. https://t.co/gfJmRHQjvt— ABC News (@ABC) January 23, 2020

FAIR (The Nazis were especially great that this.)Netflix, Iran and the Documentary as Geopolitical Weapon Brian Meir Commentary (The soft coup against POTUS by the intel services) The FBI STory Eli LakeThe Nation (The oligarch's oligarch)Mikhail Khodorkovsky: the Man, the Myth, the Movie Lucy KomisarCaitlin Johnstone — Rogue JournalistThe Empire’s War On Oppositional Journalism Continues To EscalateCaitlin Johnstone Elijah J. MagnierImmediate US withdrawal due to its violation of the...

One of the dominant themes of the last century was this general assumption that human activities can be studied through an ever increasingly rational lens. That may be, but economists then went too far: they projected rationality into the subject of study. Instead of using the tools of reason to tease out regularities of interest, they made the subject matter itself entirely rational. So the regularities they thought they saw were simply echoes, or mirrors, of their own thought...

In an interview with ProMarket ahead of his upcoming Stigler Center visit this week, UC Berkeley economist Emmanuel Saez discussed the impact of the 2017 Trump tax cuts, the disproportionate political power of the super-rich, and whether he agrees with Bernie Sanders that billionaires shouldn’t exist....ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessEmmanuel Saez: Saying Inequality Has Not Increased in the US “the Equivalent of Being a Climate...

This blog is based on the testimony I provided to the US House of Representatives. My written statement will be published in the Congressional Record (a version is also at the Levy Economics Institute: http://www.levyinstitute.org/publications/statement-of-senior-scholar-l-randall-wray-to-the-house-budget-committee. The full statement was co-authored with Yeva Nersisyan.I will argue that the Federal Government’s deficit and debt are not so scary as we are led to believe.Neither the deficit...