Mike Norman Economics

Nearly 20 years later, if you ask a U.S. general or president (any of them) what the goal is in Afghanistan, they’ll feed you a word salad so large it’ll keep you regular for months. Just think is they spent this money on the American people instead? With healthier, more highly educated Americans capitalism and entrepreneurs would flourish.'Crumbs, there must be a way us elites can get that money instead, hey, we will just start endless wars and scare the taxpayer into giving us their...

Reminiscence of the FutureI Use Krylov's Fables All The Time. (Friday's Rant). Andrei MartyanovAnti-WarChina Launches 3 Destroyers.. in a Single Week–For a Total of 10 in 2019 Xavier Vavasseur Defend Democracy PressSecret intelligence & ‘highly likelys’: How media created narrative around Tehran jet crash to blame Iran, Russia and Trump Nebojsa Malic Also at DDP (what one party aims as a warning to be heeded, others take as a threat to be countered)How the U.S. killing of a top...

Studies have determined that the Homo economicus personality is an extremely rare one. Instead, most humans are marked by a deep capacity for reciprocity, cooperation and selflessness.… TruthoutHow Economists Tricked Us Into Thinking Capitalism Works Robert R. RaymondSee also In India, the ‘development’ paradigm is premised on moving farmers out of agriculture and into the cities to work in construction, manufacturing or the service sector, despite these sectors not creating anything like...

China is poised to realize a dream that a few decades ago most experts would have dismissed as wishful thinking. For centuries, China dreamed of building a "moderately prosperous society" in all respects. And this year, under the leadership of the Communist Party of China, China will realize that dream despite having a population of more than 1.3 billion. Late leader Deng Xiaoping resurrected this ancient but never-realized goal when reform and opening-up were launched. Chinese leaders who...

I would simply add to what Ramanan says in this post that the US is functioning like all previous empires, for good and ill. The good is that empire reduces transaction costs in international trade and the imperial economy, so it is a benefit to belong to that system. On the other hand, it is the empire that formulates and enforces the rules, for the "benefit of the empire," which means in practice that the core comes first rather than the empire as whole being considered as an integrated...

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The implication here is "formal model." But formal models are not the only sort of models. Most models we use are conceptual and they are mostly sufficient to the task. For example, in the Tractatus, Wittgenstein showed how a descriptive statement is a model of a fact that allows for comparing the model to the fact observationally to determine it truth-value. He elaborated how the propositional calculus is used to to describe many fact in using the principles of descriptive logic to...

Hey if you're only up 50% you're doing it wrong!!!(He's trying to get all the Neutrals off the fence... gotta be ripping off Mike's stuff... GOTTA be... probably has anonymous Whitehouse staffers successively signing up for free 30-day trials and cancelling...)STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?— Donald J. Trump (@realDonaldTrump) January 9, 2020 DT's!

This is good - and one thing I like about it is that the reporter allows the interviewees all the time they need to express their views. This does lead to some rambling and going over points again, but it's so annoying how in most interviews the reporter will often butt in just when someone is getting to an interesting bit. [embedded content]

Medium (why it matters that the American elite chose the wrong path after WWII left the US the global hegemon.)(How) America Chose the Path of Violence, Capital, and Empire — Instead of Peace, Prosperity, and Democracy Umair Haque Medium (attacking the false logic of equating Zionism as Israeli theocratic nationalism and exceptionalism with anti-semitism as a form of bigotry.) One down, two to go — Zionism, militarism, and American exceptionalism Stan GoffThe Guardian (UK) ("free...