Mike Norman Economics

Inexplicable problems require a whole new kind of economic thinking - and MMT is more logical than you probably think it is. Conventional economics has struggled to explain much of what’s happening in the world today. How can we have record low inflation and interest rates at the same time? How can some governments continue to increase their deficits and yet their bond yields go down and currencies go up? How on earth can you justify negative bond yields? There is one school of...

Employers in city region sign charter aimed at improving wages and workers’ treatment Employers in Greater Manchester have agreed to ban zero-hours contracts and pay above the minimum wage as founder supporters of its “Good Employment Charter”, launching this week. A handful will sign the charter, the brainchild of Labour mayor Andy Burnham, with more than 60 pledging to do so soon. More than 100 companies are in talks to sign the charter. FT - Manchester businesses agree to ban...

A video has surfaced of Paula White saying ‘We command any satanic pregnancies to miscarry right now!’ How the human mind works can be pretty scary, just about anything can be justified!2 She practices prosperity theology White believes in a school of thought called “prosperity theology”, which sounds a lot like a pyramid scheme. She believes that financial prosperity is a sign of God’s approval. Which means that God must really like her – she has a multimillion-dollar home in a gated...

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Properly understood, the middle class is the source of all growth and prosperity in a modern technological economy. There was six great Chinese civilizations and all of them collapsed for the same reason. Small rural villages would eventually become towns, and towns into districts, and districts into a country. The emperor would be benign and rule fairly. Small businesses prospered and and a well-off middle-class emerged.  Some businesses grew larger and a new merchant class...

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The dossier on Donald Trump compiled by the former MI6 spy Christopher Steele, which accused the US president of being compromised by Russia, was a work of “fabrication”, according to a devastating report by a leading British spy writer. Nigel West has revealed he was hired by a US Republican law firm to assess the dossier in 2017 and concluded that large parts of it were faked. Sunday Times  Tim Shipton - Ex-MI6 spy ‘fabricated dossier on Trump and prostitutes’

The GrayzoneNY Times admits it sends stories to US government for approval before publication Ben Norton Reminiscence of the FutureAt Least This Is Not A Lie. Andrei Martyanov Counterpunch ("Never again." Famous last words?)A Historian Reflects on the Return of Fascism Lawrence Wittner | Professor of History emeritus at SUNY/Albany Dances with Bears (Greater Galicia)THE TRUTH & THE IRONY: CONSORTIUM NEWS AND THE CONTINUING TALE OF CHRYSTIA FREELAND’S GRANDFATHER AND HIS AND HER NAZI...

Gross Domestic Product is the most popular and useless quantity in economics A new way is measuring GDP, which may set a standard for all countries.  To measure the scale of the economy, we think it is appropriate to focus on energy. Physicist Eric Chaisson argues that energy is the universal currency of science. By measuring economic scale using energy, we put economics in line with the rest of science. And if we are concerned with sustainability, there is no better starting point...

This is excellent, but Peter Hadfield goes into how CO2 traps heat in more detail in another video. [embedded content]