Mike Norman Economics

They’re not mystics. But materialism is not giving good answers so they are looking around It’s easy to mock the idea. But consider what neuroscientists studying consciousness are up against: Traditionally, scientists have been stalwart materialists. But doing so has caused them to slam up against the limitations of materialism. Consider the chasm between relativity and quantum mechanics, or Heisenberg’s uncertainty principle, and you quickly start to recognize these...

The nation wasted the major economic recovery, according to a new report by Harvard Business School on U.S. competitiveness. “We had this wonderful recovery. It could have given us the chance to take some significant resources and devote them to some of our well-known challenges, like infrastructure or health care...none of that happened. Instead, we squandered a major economic recovery and didn’t use it to make things better,” said Harvard Business School professor Michael Porter, a...

On October 2, 2019, I received an E-mail from Gregory Mankiw. It was sent to me, Randy Wray and Martin Watts and asked us some questions about our textbook – Macroeconomics – which had been published by leading textbook publisher Macmillan in March 2019. The book has been selling strongly with a third printing already in the pipeline and a second edition coming, hopefully, later next year. Macmillan also publish Greg Mankiw’s macroeconomics textbook, which has been the dominant teaching...

Another good summary. Winning.Yahoo NewsAmerica Turns From Tea Party to MMT in a DecadeBrian Chappatta, Bloomberg

The long-dominant ideology brought us forever wars, the Great Recession, and extreme inequality. Good riddance. Useful summary. The New RepublicThe Collapse of NeoliberalismGanesh Sitaraman, Professor at Vanderbilt Law School and the author of The Great Democracy: How to Fix Our Politics, Unrig the Economy, and Unite America.

Patience. Perseverance. Discipline. Sign up for MMT Trader: https://www.pitbulleconomics.com

It's all done with drones - and the music is excellent!The technology is so good now, and yet I fear we are at the end of civilization. Let's hope not!One of the comments from YouTube. Western: drones can drop bombs China: drones can fireworks [embedded content]

Another fun one for Christmas. It is Christmas Eve in the evening here and I'm still tweeting politics, but so is everyone else I follow. Gee!I might put out a classic comedy sketch on Saturday evenings from now on, but only if it's good enough. I see how it goes. [embedded content]

Were we told a pack of lies about the miserable, old grey Soviet Union and the monotony of communism?Many Russians are nostalgic for the old days when life was much easier and more peaceful, where there was more equality, love, companionship, and friendship, and lots of things were free.But now they have capitalism and life is hard. [embedded content]

China plans for the long term. China is planning to build the world’s first solar power station in space to provide “inexhaustible clean energy” according to a story in Science and Technology Daily, the official newspaper of China’s Ministry of Science and Technology. Pang Zhihao, from the China Academy of Space Technology said that a space solar power system orbiting the Earth at an altitude of 36,000 kilometers could tap the energy of the sun’s rays without disruption from atmospheric...