Mike Norman Economics

This rather messes up neoclassical and Conservative economic theories. OTTAWA -- Bank of Canada Governor Stephen Poloz is crediting the Liberal government's Canada Child Benefit program with the country's strengthening economy, calling it "highly stimulative." The federal government introduced the amended formula for providing money to parents of children under 18 years old as its first order of business in 2015. It wasn't promoted as a stimulus measure, but as part of a package to help...

Andrew Austin takes a non-partisan look at Sweden and much prefers it to the US. The pace of life is slower in Sweden with much lower stress levels. In the US everyone is rushing about all the time, he says.In Sweden he says how people love to sit in coffea bars and socialise, but in America he would be drinking his coffea while driving to work.As Andrew Austin is non-partisan so he then says what he likes about America, and he adds how great it would be if the Amazon model was applied to...

Adam Schiff, the liberal hero of impeachment, is a wholly owned subsidiary of the military-industrial complex and a fervent exponent of permanent war. I can't think is anything more disturbing than war. To think that some people want wars so they can sit back and make a lots of money out of it is horrendous. What could be more evil?  Guess what these companies want? War with Ukraine. Why wouldn’t they? Last October, the United States approved a $39 million sale of anti-tank missiles to...

Asia Times (Historical and geopolitical backgrounder)Why the New Silk Roads are a ‘threat’ to US bloc Pepe Escobar Kazakhstan (Think it's nowhere? Think again. Dimash is here to tell you it ain't so — and to prove it.) Center for Citizen Initiatives (Background on Putin)Shake-up in the Kremlin? Putin Selects a New Leader? Sharon Tennison Counterpunch (Historical backgrounder)The Long History of Elite Rule: What Will It Take To End It?Chuck Churchill Counterpunch (Chapin as social...

This post concerns an implication of Marx’s treatment of productivity and labor complexity for the appropriateness of alternative processes of wage determination. For simplicity, it is assumed that all activity is productive in Marx’s sense (that is, productive of surplus value) and that conditions are competitive in the Marxian (and classical) sense that investment is free to flow in and out of sectors in search of the highest return. Introducing unproductive labor, including a substantial...

It's shocking to hear Hillary's conspiracy theories, invented to knock the rivals out of the race. [embedded content]

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I thought this was interesting. Pat Buchanan shows no fondness for Bernie, and neither does he defend him against Hillary's ludicrous claims that he is a sexist. In this way, it's quite a neutral report.It sounds to me as if Hilary is playing the feminist card to garnish womens votes. I don't know that for certain, but I don't recognise Hillary's depiction of him. Politics is a dirty business.From her own words, Clinton regards Sanders as a nasty man running a misogynistic campaign and a...

This person studies body language and has made an interesting video about Putin and Assad. She seems to like both of them, even though you're not supposed to say that in the West. [embedded content]

Where are all the Fed repo doomsday d-bags reporting this policy change????  Where???Repo down $43B from $229B last week to $186B this week.TGA up $31B  to $411B.Thus total Reserve Assets at the Depositories DOWN $64B from $1,673 to $1,609 in last week.