Mike Norman Economics

This surprised me as I thought both Joe Rogan and Kim Dotcom tended towards libertarianisn. [embedded content]

Morning Star editor Ben Chacko speaks to BILL MITCHELL about the new hypothesis disproving the core assumptions of neoliberalism A good interview of Bill Mitchell.In his 1980s book on walking Britain’s coast The Kingdom by the Sea, Paul Theroux notes the Thatcher government’s determination to close branch railway lines because they aren’t profitable — before observing “though neither are motorways.” The fact that you pay for things because they are useful, rather than profitable, is the...

A non-partisan look at Johnson’s Tory Party and what Labour needs to do to win again. According to Lee Jones, Johnson’s party has shifted slightly to the left and has become more liberal, but it will still fail to tackle the problem of the financial sector in the UK. Far from being “far right” or Thatcherite, Johnson’s new project is “Red Tory”, projecting a communitarian ethos and proposing far greater state intervention in the economy. This post-neoliberal conservatism is a significant...

I have long disagreed with Guy Standing about the solutions to unemployment. 20 years ago we crossed paths on panels and in the literature where he would argue that UBI was the way forward and I would argue that it was a neoliberal plot and that, instead, we needed to push for job creation. My view has always been that to surrender to the neoliberals on their claim that governments cannot generate sufficient jobs to satisfy the desires for work of the unemployed was a slippery slope....

Trade using MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Why do so many young people like Ayn Rand? Well, they lived under authority all their lives and suddenly they start to get  some of the freedom of adults, and Ayn Rand tells them to rebel against the collective and take everything they can. The heroes in her books are all good looking, powerful people and this enthralls the young. Her books are also full of sex and those pages will be the most worn out in her books.Ayn Rand was a Property Absolutist, and believed you can do as you please...

Socialism works for China.John Ross says that 30 years ago Russia had the same sized economy as China, and he tried to tell the Russians back then to copy the Chinese model, but the Russians thought that they could be as rich as the Americans within a year if they listened to the US neoliberal economists, and some even thought they could turn the economy around within weeks. Now the majority of Russians regret what happened, including Putin. [embedded content]

The times are changing. Maybe MMT next? “We need to get our country back on track, and Bernie is the leader to do it. Bernie refuses to give in to the big money and corporate power.” -Jeffrey Sachs, Columbia University professor and U.N. adviser------------We're going to win this election and transform the country, but we can't do it alone. The way we win is person-to-person contact, knocking on doors and making the case for people to get out to vote. Are you in? [embedded content]

Dances with BearsSKRIPAL SCOOP — BBC PASSED MI6 LIES TO BELLINGCAT AND THEN REPORTED BELLINGCAT CLAIMS AS TRUTHJohn Helmer Defend Democracy PressBehind Soleimani’s Assasination: Wurmser, Neocons, Netanyahu Jon Schwarz Elijah MagnierHow are Iran and the “Axis of the Resistance” affected by the US assassination of Soleimani? Middle East EyeIran's new Quds Force commander vows 'manly' response to Soleimani assassination Mint Press NewsBolivia: As Elections Near, US-Backed Interim Gov’t...

First I’ll clearly state what MMT is and then outline four paths that lead to MMT’s conclusions: history, logic, theory and practice.... New Economic PerspectivesALTERNATIVE PATHS TO MMTL. Randall Wray | Professor of Economics, Bard College