Mike Norman Economics

Caitlin Johnstone — Rogue JournalistPuppet Pete Says Revolution And The Status Quo Aren’t Mutually Exclusive Caitlin Johnstone The Grayzone Media darling Pete Buttigieg was in unit that worked with the CIA in Afghanistan Alexander RubensteinConsent Factory, Inc.by The Management (like The Onion)Bernie Sanders' Commie Kill Swarm (snark) C. J. Hopkins India PunchlineUS rolls out new Central Asia strategy M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service Internationalist...

In Chapter 1 of The General Theory Keynes famously refers to two “postulates of Classical economics”, one of which determines the demand for labour and the other the supply. He states that “I shall argue that the postulates…are applicable to a special case only and not to the general case”, with continuous full employment the “special case” and less than full employment the general case. In the context of later parts of The General Theory (for example, Appendix on User Cost and Chapter 20...

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When I first met Michael Klare in the late Neolithic age (it was actually the early 1970s), he was already researching the U.S. military in a way no one else was doing. His first book on the subject, War Without End: American Planning for the Next Vietnams, had just been published. The title remains eerily apt, given Washington’s twenty-first-century “forever wars.” Almost 50 years later, he’s still ahead of the curve and his newest book on that military, All Hell Breaking Loose: The...

Americans debate not only economic policy but also their economic system. Is neoliberal "capitalism" fighting for its life against a rising trend toward social democracy in an increasingly unequal world?  WSWSGrowing attacks on socialism in Democratic presidential race Patrick Martin

A look at the plan to cut non-discretionary spending and increase the budgets of the Pentagon and Department of Homeland Security.WSWSTrump outlines massive cuts in Medicaid and Medicare in 2021 budget plan Kevin Reed

Unsustainable use of resources is wrecking the planet but recycling is falling, report finds “We risk global disaster if we continue to treat the world’s resources as if they are limitless,” said Harald Friedl, the chief executive of Circle Economy. “Governments must urgently adopt circular economy solutions if we want to achieve a high quality of life for close to 10bn people by mid-century without destabilising critical planetary processes.” Marc de Wit, the report’s lead author,...

Truthdig: Drilling Beneath the Headlines ("spreading freedom and democracy") Neoliberals Weaponized Human Rights to Justify Global Exploitation Neve Gordon / Los Angeles Review of BooksCaitlin Johnstone — Rogue Journalist (about much more than Pete)Big Buttigieg Bloviations: Notes From The Edge Of The Narrative Matrix Caitlin JohnstoneThe Independent (goes back to Korean War)Former US drone operator recalls dropping a missile on Afghanistan children and says military is ‘worse than the...

Most critiques of MMT take the form of a critic asserting "MMT says X." The response from MMT proponents is that MMT most definitely does not say "X". This situation is obviously confusing. This article attempts to explain why the online debates are confusing (and pointless).... Bond Economics Functional Finance Roots Of MMTBrian Romanchuk

Adams sticking up for fellow Art Degree moron AOC just because her degree is in the same Discipline:Mixing up names is the equivalent of a typo. What the public will remember is that @AOC has an economics degree in her talent stack. Sorry, haters, she won this round. https://t.co/pTDqe5WpzP— Scott Adams (@ScottAdamsSays) February 9, 2020