Mike Norman Economics

Valdai Analytics (pessimistic outlook for entire region for foreseeable future)What Awaits US in the ‘Post-Soleimani’ Middle East? Hamidreza Azizi Reminiscence of the Future (more optimistic – if the US got the message that they are vulnerable)First Impression.Andrei Martyanov Moon of AlabamaIran's Missile Launch Against Two U.S. Bases in Iraq Calls Trump's Bluff - Updated Anti-EmpireSomali Islamists Breach a US-Kenyan Military Base, Destroy Several US Aircraft, Kill 3 AmericansAbdi...

Sen. Bernie Sanders on Wednesday accused President Donald Trump of breaking his repeated 2016 campaign promise to protect Social Security from cuts, pointing to a proposed rule change that could terminate disability benefits for hundreds of thousands of low-income and vulnerable people. "Trump said he wouldn't cut Social Security. He lied," tweeted Sanders, a 2020 Democratic presidential candidate. "He is working to stop Americans from getting the benefits they paid for and need."... Is SS...

Interview with Ms Christine Lagarde, President of the European Central Bank, in "Challenges" magazine, conducted by Mr Pierre-Henri de Menthon and Ms Sabine Syfuss-Arnaud, and published on 8 January 2020. BISChristine Lagarde: Interview in "Challenges" magazine

War is bad for nearly everyone. But as long as we allow the leaders of our privatized war economy to reap unlimited rewards, their profit motive for war in Iran or anywhere will persist.... Putting some numbers on it.Other WordsCongress: War Profiteering Is Real. We Need To End It.Sarah Anderson, director of the Global Economy Project at the Institute for Policy Studies and co-editor of Inequality.org

The assumption of isolated individuals transacting in free markets has underpinned highly damaging economic policies since the 1980s. Given the interdependent nature of the digital world, economic researchers need to ditch their unscientific attachment to this paradigm and instead focus on the economy of the 2020s. The 2020s will be the decade when the idea that economic problems can be “left to the market” to solve is finally put to rest – after some 40 years during which that belief has...

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...