Mike Norman Economics

Orinoco TribuneMembers of Argentine Delegation in Bolivia Tell the Horror They Recorded (Coup Repression) The “Influencers” of Hopelessness – Black Friday in Venezuela (Images and Videos) Asia TimesHong Kong: A different kind of Cold War David P. Goldman Statistical Modeling, Causal Inference, and Social ScienceWhat’s wrong with Bayes Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia UniversityThe National InterestDonald...

As research relations sour with American universities, China’s tech giant finds willing partners in institutes keen to monetise their technical skills Collaboration offers Huawei added strengthen in areas such as mathematics and gives Russian laboratories access to marketing expertise This is much bigger than Huawei. If China switches to Russia for education and technology — in addition to tapping Russia's natural resources, especially energy — the worst fears of the US about an adversary...

Although I've taken issue with various MMT claims in the past (see, e.g. here and here), I've grown to respect several Modern Monetary Theorists. Far from being ill-informed, people like Eric Tymoigne and Nathan Tankus (the list is by no means exhaustive–these happen to be two whose work I know best) know a lot more than many orthodox economists do about the workings of the U.S. monetary system. Knowing this, I'm not inclined to accuse Modern Monetary Theorists of being ignorant just...

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.