Mike Norman Economics

I've been arguing with loads of climate change deniers on twitter for over 24 hours now, and I knocked them out with one fact after another.Tony Heller, a prominent academic climate change denier, turned up getting all bolshy, so I asked him if he would like to debate live with Peter Hadfield (Potholer54), but I never heard from him again after that, although he liked other people's tweets to me, so he was listening in.Eventually, one of the deniers tweeted -'It's hard to tell mockery from...

What determines the price level is a theoretical topic that pops up in Mosler's White Paper on Modern Monetary Theory (MMT - link to my discussion). Mosler's argument is that only MMT provides a proper understanding of price level determination. That is a strong claim, and difficult to assess. However, the discussion of price level determination is a distinctive part of MMT, and should receive greater prominence in discussion.... Bond Economics MMT And Price Level DeterminationBrian...

Dr Jacques R. Pauwels says modern capitalism produces lots of goods but pays poor wages, so their is insufficient demand leading to low profits. War, though, makes huge profits so the elite like them. The government pays for them through taxation and by borrowing.The fact that Bush is keen on war has little or nothing to do with his psyche, but a great deal with the American economic system. This system – America’s brand of capitalism – functions first and foremost to make extremely...

Annual $11 trillion savings offset upfront $73 trillion cost Some of the author’s past findings have been questioned A Stanford University professor whose research helped underpin the U.S. Democrats’ Green New Deal says phasing out fossil fuels and running the entire world on clean energy would pay for itself in under seven years. Bloomberg  Will Fade - Going 100% Green Will Pay For Itself in Seven Years, Study Finds

Scientists are replacing crops and livestock with food made from microbes and water. It may save humanity’s bacon I'm more moderate than I thought I was. For one thing, I'm okay about 'champagne socialists', the more the better, I tell people.Then right-wingers will then tell me that people like Michael Moore make millions out of their books, and I reply, great, the more profitable socialism is, the better.I used to like the Off-Guardian, but if a corporation is behind someone, like...

Amazon employees who speak out about the climate crisis say they have been threatened with firing. Amazon Employees for Climate Justice (AECJ) said Thursday that the company's legal and HR teams had questioned some of their members about public statements they had made urging Amazon to take climate action. Some also received emails saying they would be fired if they continued to speak up. Eco Watch Amazon Threatens to Fire Employees Who Speak out on Climate Crisis

Sic Semper Tyrannis (US and "coalition" supports Wahhabi terrorists against Christians)Soleimani and Al-Muhandis are being mourned in Aleppo churches Col. W. Patrick Lang, US Army (ret.)Strategic Culture FoundationThe Middle East Strategic “Balance” ShreddedAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy Russian and Eurasian Politics (POTUS as the godfather)Russia, the...

And the winner is — wait for it — Xi Jinping. This is an important backgrounder to understand the direction that the Chinese leadership is taking. Very dialectical. Xi is bent on effecting a consolidation of Chinese history and culture in the New China. Xi is emerging as one of the most significant thinkers in the history of Chinese thought. Chinese thought is very subtle and quite unlike Western thought. Xi, of course, understands it in depth, but very few Western commentators are able...

This is important in that one of the most significant factors influencing economic growth is population growth. The other significant factors are economic reproduction (upgrading, replacement and repair) and technological innovation that increases the living standard. That is to say, social reproduction is a function of individual reproduction. New Geography US Population Growth Down 1/3 in 5 Years, California Down 85%? Wendall Cox

I have been commissioned to write the Introduction (Preface) to the upcoming book – The Last Colonial Currency: A History of the CFA Franc – by Fanny Pigeaud and Ndongo Samba Sylla, which is an English version of the original 2018 book, L’arme invisible de la Françafrique. It will soon be published by Pluto Press (UK) – as soon as I finish this introduction. The book is incredibly important because it shows the role that currency arrangements play in perpetuating colonial oppression and...