Mike Norman Economics

A "fearless" Australian commando who went public three years ago about his involvement in an alleged war crime in Afghanistan has died. Key points: In 2016 Sergeant Frost told the ABC he had helped to cover up the alleged murder of an Afghan prisoner He has been remembered by friends as a "fearless", "proud" and "witty" man Since 2001 more than 400 former and serving Australian Defence personnel have taken their own lives. ABC NewsAndrew Greene - Australian commando Kevin Frost,...

Heading out. Sporadic posting until after the New Year.Best wishes for a happy holiday season to all.

Interestng reply tweets from Adams but he still doesn't get that its the methodology not the discipline that creates the 2 types.The Degree Programs are either B.A. or B.S. that create the "Artist" or the "Scientist".... not the "Artist" vs. "Economist"...Adam's training was a B.A. (methodology) in Economics (discipline)...His "critical thinking" is not found in a discipline it is a methodology that is ideally trained under the B.S. degree program which he never got...Here is a wiki on...

Unfortunately, money has not yet been abolished from economic theory, and we are stuck with pointless debates about banks and money creation. The latest salvo is "Banks do not create money out of thin air" by Pontus Rendahl, and Lukas B. Freund. As the title of this article suggests, Rendahl and Freund are incorrect in their assessment. I assume that the Rendahl/Freund article is a followup to previous arguments, such as a Thomas Hale article I discussed recently. Since I just addressed...

"Squirreling money under the mattress?" ?Zero HedgeHundreds Of Billions In Gold And Cash Are Quietly Disappearing Tyler Durden With the Hong Kong protests showing no sign of letting up, a new narrative has emerged; that anti-government activists are "sliding into terrorism with home-made bombs" designed to inflict mass casualties. On Sunday, Hong Kong police reported that they foiled a second bomb plot in under a week - arresting three men who were allegedly testing home-made devices and...

Michael Hudson filtering up. Zero HedgeCanceling Debt And The Debate Over 5,000 Year Old Economic Policy Tyler Durden

The left, right, and center disagree on the merits of socialism. But these disagreements are often impenetrable, as they rarely even agree which countries are socialist. Socialist skeptics point to Venezuela as an example of socialism run amok, while socialists point to the Nordics as evidence of its virtues. To counter the obvious success of the Nordics, some will define them as actually capitalist. The capitalism-or-socialism binary gets further complicated as debaters introduce terms...

Next installment of the Epstein saga. The plot thickens. Mint Press NewsFormer Spy Details Israel’s Main Motive Behind Epstein’s Sexual Blackmail Operation Whitney Webb

Must-read. Note: Xi Jinping was trained as a chemical engineer.Andrew Batson's BlogWhat Xi Jinping thinks about development economics Andrew Batson

Likelihood of a pullback is growing. Blame the Fed.