Mike Norman Economics

Lecture series on YouTube for your upcoming holiday edification.The Case for Concerted ActionHa-Joon Chang — Economics For PeopleV. Ramanan

Browder gets caught out.The Komisar ScoopBrowder challenges Der Spiegel Lucy Komisar

As many mainstream macroeconomics try to reinvent themselves after their reputations were trashed during and in the aftermath of the GFC, some are still trying to stay relevant by recycling the usual trash about deficits, public debt and bond yields that defines the New Keynesian orthodoxy in macroeconomics. That approach has been emphatically exposed as fake knowledge by the fact that none of the predictions that can be derived from that framework have proven to be accurate. On December 9,...

Every time this guy opens his mouth something dumber comes out.

American Herald Tribune [the back story you aren’t being told]Uyghur Genocide: The “Muslim Holocaust” in China Mona Issa Moon of AlabamaThe FBI - Pushed By John Brennan - Lied To The Court Seven Times To Spy On The Trump Campaign OilpriceThe Uncomfortable Truth Behind Iraq's Violent ProtestsGlobal Risk InsightsWhy Venezuela’s Production Rebound Is So Significant For Oil MarketsIrina Slav FAIRPapers Owned by Oligarchs Unsurprisingly Oppose a Wealth TaxJim Naureckas SouthFrontMigrating...

There's a lot written lately about China's "collapsing" auto market as through the trade war were involved. The reality is that China started from zero and grew exponentially. Now that China has developed significantly, the pace of growth is falling off, as would be expected. Before long China is expected to approach the level of developed world where growth is based on population growth and replacement. The big news is consolidation. The Chinese auto market is consolidating as smaller...

Economists can take consolation that they beat politicians anyway.Lars P. Syll’s BlogPublic trust in economistsLars P. Syll | Professor, Malmo University

BBC News has a fairly balanced article on MMT.BBC NewsCan governments ever run out of money? Howard Mustoe

Oppenheimer’s Law of Transformation can be read as the paradox of cooperative economics and it refers to macro-social dynamics: the beginning of a cooperative group endeavor will end up in a capitalist calculation enterprise or cease to exist as long as the macro-social conditions are based on capitalist monetization and accounting. Knowledge is about predictability and wisdom is about outcome: the later Kibbutzim were from the Oppenheimer viewpoint a survival mechanism which will be...

This is excellent coverage from the Greyzone. The MI5, MI6, and CIA coup against Corbyn, and if he is elected, they will carry on trying to destabilise his government.The British establishment make their money out of continuous wars and weapons sales to places like Saudi Arabia. Just before British elections, the UK’s military-intelligence apparatus is smearing Labour leader Jeremy Corbyn with evidence-free Russiagate allegations. NATO-funded "researchers" are claiming that leaked documents...