Mike Norman Economics

Does the solution to widening economic inequality lie in a wealth tax? We speak to Emmanuel Saez, an adviser to Elizabeth Warren who helped design the “Ultra-Millionaire Tax” plan. Half-hour podcast.Project SyndicateHow to Tax the Super Rich Emmanuel Saez and Elmira Bayrasli

The connection could well be found in the great crisis the world entered in 2007–2008. Beyond what most observers remember—the “Great Crash” that followed the collapse of Lehman Brothers on September 15, 2008—the crisis is much deeper and persists to the present day. Because it is not a simple financial or economic crisis: it is rather the crisis of a mode of managing capitalism; that is, neoliberalism, which is based on putting the state at the service of capital, the financialization of...

More an article than a post. Longish and detailed.AwaraUS Healthcare System in Crisis: Spends Doubly More Than Peer Countries, but Falling Behind in Life Expectancy—People Increasingly Hard-Pressed to Pay Medical Bills Jon Hellevig

Greece manufacturing up big: Greece manufacturing growth hits highs in November https://t.co/IJMeGf8pG0 #Economy https://t.co/eQQT8822Zi #834 — POST Online Media (@poandpo) December 3, 2019 Planning on more govt spending increases and tax cuts next year:Greece eyes stronger growth, more tax cuts next year - ministry #economy #MarketScreener https://t.co/buPdPOhaOy pic.twitter.com/ReJ7RVvNbu— MarketScreener.com (@Market_Screener) December 3, 2019 Boy all that moron alleged "neoliberal...

Trump's policies have backfired, as US companies lose out. Through the course of 2019 Huawei has struggled with a ban placed on it by the US Government, forcing the company to cease using any American-made hardware components or software. This precludes its smartphones and laptops from running on the well-established Android and Windows operating systems, which are created and maintained by US-based Google and Microsoft respectively. This has led the world’s second largest smartphone...

New Republic  [nation-building]America Lost the Iraq War. These Cables Show How. Jared KellerReminiscence of the FutureGeopolitics Of Pipes.Andrei Martyanov Mish Talk [winning]China No Longer Needs US Parts in its PhonesMish ShedlockChemistry WorldChina overtakes UK in list of highly cited researchersJamie DurraniElijah J. MagnierWhy Abdel Mahdi has to go: Many mistakes by the US, Iran and the Marjaiya. The Enlightened EconomistThe Best Economics Books of 2019, recommended by Diane...

Unbelievable ignorance.

At the weekend, the German Social Democratic Party elected a new leadership from the Left of the Party, in the hope of resurrecting their disastrous political standings (Source), In rejecting the other main contender, current Finance Minister Olaf Scholz, the decision has apparently threatened the GroKo (Große Koalition), the coalition between Merkel’s CDU/CSU union and the SPD, which, arguably, has been the reason for the declining fortunes of the SPD. They have, in effect, abandoned their...

R & R are at it again.Clint BallingerAusterity in a Time of Plenty: : The “domestic default” bogeyman = More bad statistics from Reinhart & Rogoff

After more than four decades of dominance, free market capitalism is facing a challenge. Its rival, the blandly named modern monetary theory (MMT), has entered the ring promising to return economic planning to a less ideological footing.... Pretty good summary presentation of the kerfuffle between MMT and conventional economics. ABC News (AU)Modern monetary theory is gaining traction. But can it knock out free market capitalism?Antony Funnell for Future Tense