Mike Norman Economics

"The University [of Chicago] is the best investment I ever made in my life." -- John D. Rockefeller Follow the money. Thoughts On EconomicsSome People Who Have Shaped EconomicsRobert Vienneau

The biggest welfare queen of them all.Dave Lindorff dug into the issue, recently publishing the article “Exclusive: The Pentagon’s Massive Accounting Fraud Exposed” in The Nation. Based on a series of interviews with current and former government officials, Lindorff concluded that Pentagon accounting is “phony”, composed of made up numbers designed to obfuscate and thus propelling “US military spending higher year after year”. Forbes  Laurence Kotlikoff - Holding U.S. Treasurys? Beware:...

ForbesNASA Says Earth Is Greener Today Than 20 Years Ago Thanks To China, India Trevor Nace | Senior ContributorUniversity of LeidenTsinghua and Leiden researchers find that China is crucial for realising a circular economy Note on a new bookOn the Great Russia Caper Matt Taibbi RTHong Kong residents ‘overwhelmingly’ against independence from China – poll Zero Hedge"Revolutionary Changes In Public Opinion" - Gallup's Decade in Review: 2010-2019Tyler Durden RTHeil Bandera: Ukrainian...

A different blog post today. On November 29, 2019, I sat down with my friend Warren Mosler in Newcastle, Australia while he was on his more or less annual visit to see us. We decided to film a conversation we had about the origins of Modern Monetary Theory (MMT), how we came to it, the current state of MMT and future trends, including being part of the narrative surround the Green Transition. You will hear our concern about how the work we put in place at the outset is now being used in...

Looks like EZ is next to get its ass kicked on trade... USD zombie eradication continues apace..President Trump Announces Delegation for Davos Worldwide Economic Forum Conference… https://t.co/yGtdmXCK1G pic.twitter.com/9etvoT2zcX— TheLastRefuge (@TheLastRefuge2) January 2, 2020

This thing from InBev is getting cycled through all the Bowl games this week...I'm getting a human trafficking vibe off this f-ing thing...  creepy.... creeeeeee-peeeeee... They gotta pull this thing... makes me want to never buy Modelo ever... (I don't think I ever will now..)And where do they get the idea that an Irish bar is going to feature Modelo????Whole thing is  weird.... oooh...... rama...[embedded content]

Could the wheels fall off the wagon for the centrist Democrats, let's hope so? Not that the Republicans are much better. Bernie's for me. Rudy Giuliani is not only willing to testify in President Trump's Senate impeachment trial, he wants to "do demonstrations" in order to outline what he described as a "series of criminal acts" involving "the highest levels of the Obama administration," adding that Democrats Adam Schiff and House Speaker Nancy Pelosi will go down in history like Joe...

Greece really has it rolling now... enjoying large fiscal transfers via the ESCB...Greece now has the world’s strongest manufacturing sector, based on indexes of manufacturing activity https://t.co/sdNAZeGpvV— Real Time Economics (@WSJecon) December 31, 2019

Where is these nutter people's downside now that they are proven wrong?  Where?I don't see it... 2004: "secret report, suppressed by US defence chiefs, warns major European cities will be sunk beneath rising seas as Britain plunged into 'Siberian' climate by 2020. Nuclear conflict, mega-droughts, famine & widespread rioting will erupt across world." https://t.co/wFcNNKU5dg — Mollie (@MZHemingway) December 31, 2019 Here's another one same thing, just different time domain...

Public services are dividing countries instead of uniting them. I remember how I loved the old British Rail, well, I just liked trains, I guess, and train bridges. There was a lovely enchantment to the old British Rail. I also loved the London Underground. Public utilities were a service to the citizens because we deserved it, we were valued, but now a person's only worth is his money. In Democracies Are Fighting for Their Lives, Joergen Oerstroem Moeller described how democracies...