Mike Norman Economics

Greg Palast sums up the coup nicely. [embedded content]

Moon of AlabamaOPCW Whistleblowers: Management Manipulated Reports - Douma 'Chemical Weapon Attack' Was StagedCaitlin Johnstone — Rogue JournalistThe Hugely Important OPCW Scandal Keeps Unfolding. Here’s Why No One’s Talking About It.Caitlin Johnstone Defend Democracy PressBolivia: 9 Corpses in 24 hours Prove Dictatorship’s Violence Sic Semper Tyrannis Where are the indictments from Durham and Horowitz? Where? Col. W. Patrick Lang, US Army (ret.) SouthFrontRiots Rage Across Iran Over...

If we look at standard macro Dynamic Stochastic General Equilibrium models, inventories do not appear. The modelling focus is on expectation formation – particularly in the household sector – and business sector behavior is stylised. Since the assumption is that products are bought and sold both spot and forward in an optimal fashion, production decisions are just set to give exactly the output needed in the spot market.... This assumes a "just-in-time" supply chain, which is an ideal that...

L. Randall Wray will be providing testimony for Congress on November 20 at 10 am. The topic is the government debt and deficits. His full statement will be available at 10:30AM at the Levy Institute. New Economic PerspectivesWray Appearing Before Congress

From Twitter via AppThreadReader https://threadreaderapp.com/thread/1133586537512341504.html Note: material in brackets is added to the original by Tom Hickey for clarification. Scott Fullwiler @stf18 1. Quick(?) MMT 101 lesson:From the very beginning in the 1990s, MMT has NEVER argued that 'printing money' was necessary. Anyone saying MMT = "print money," even if they (correctly) incorporate an inflation constraint, is getting MMT dead wrong.2. The argument from the earliest...

If Jeremy Corbyn’s party were not so averse to capitalism, this would be a great opportunity for Labour 40 leading economists recently put out a letter backing Labour. David Graeber says the best economists now advise Labour - which I doubt will get out wrong about markets.Will Hutton says Labour is far too adverse to capitalism, and I have tended to distrust it too, but it has to be enbraced because it is effective and is about freedom. Will Huton is right about the mixed economy - we...

The power of the rightwing press has corroded public debate. But we can do more than just complain about it Corbyn has been misrepresented, as well as being falsely accused of being antisemitic. The vile media campaign against Corbyn has been disgraceful - all dirty tricks and outright lies - and so now Johnson leads in the polls, who doesn't have the British people's interest at heart, only that of the elite.Our media is not for for purpose. In February 2016, a few months before the...

Retired Army officer and West Point instructor Maj. Danny Sjursen joins Rick Sanchez to discuss his experiences in war and how they turned him into a vocal critic of endless war, which he calls a "Constitutional crisis." We also weighs in on the "neo-McCarthyism" that has defamed presidential candidate Rep. Tulsi Gabbard (D-Hawaii). [embedded content]

Winston Mok describes why the US can't catch up.  Like the US, China’s economic dynamism rests on the imbalance between the runaway successes of its coastal provinces and the laggards along its northern rust belt. The crucial difference? Beijing redistributes the fruits of economic successSCMPWinston Mok - China’s economic miracle has a secret ingredient hiding in plain sight: unbalanced growth

India believes that the RCEP trade deal doesn't provide adequate protection against possible surges of imported goods. In particular, India is concerned about cheap Chinese goods flooding the domestic market.  The Indian ExpressExplained: Why India has said no to regional trade pact RCEP