Mike Norman Economics

I didn't know they had a leftie over at anti-war.com, I rather like him, a military man too. I agree with a lot of what he saying here.Now the Democrats are just as much the war party as the Republicans. However, today, these attacks on me—and many others—as neo-Trumpsters or “Russian assets,” has a flavor all its own. A Republican, at least in name, is president. Liberals hate him with even more ferocity than Baby Bush. Reflexive anti-Trumpism—though often warranted—is now so instinctual...

Hume points out (btw Mike reporting on the progress of this all throughout the last year better late from Hume than never...) that fiscal spending increase last year was $339B (8%) while deposits also grew $133B so "the deficit!" increased by over $200B...If you were clairvoyant and knew this was going to happen and got bullish and bought the S&Ps on the open on October 1, 2018 (first day of the FY19) it opened at 2,926 and then panic sold at the low on September 30, 2019 (last day of...

Wall Street limousine liberal Democrats in full panic mode on likely nomination of E. Warren and her "tax the rich!" shtick...BLOOMBERG is filing to run for presidenthttps://t.co/ii6si47Cuo— Alex Burns (@alexburnsNYT) November 7, 2019

More background on Eurasian integration as the US announces its plan (Blue Dot Network) to compete with China's New Silk Road Economic Belt (BRI).The Vineyard of the SakerA blue dot barely visible from New Silk RoadsPepe Escobar

lol nothing has changed..BERNIE: "Say Bill Gates was actually taxed $100 billion. We could end homelessness and provide safe drinking water to everyone..." https://t.co/wJBrZd8TYn— Sean Hannity (@seanhannity) November 7, 2019

Prof. Harry Targ, in his important piece “United States foreign policy: yesterday, today, and tomorrow,” (MR online, October 23, 2919), reminds us of the factional dispute among U.S. foreign policy elites over how to maintain the U.S. empire. On the one hand are the neoliberal global capitalists who favor military intervention, covert operations, regime change, strengthening NATO, thrusting China into the enemy vacuum and re-igniting the Cold War with Russia. All of this is concealed behind...

In the run up to the Iraq War, then-US Vice President Richard Cheney declared that even if the risk of weapons of mass destruction falling into terrorist hands was tiny, say 1%, we should act as if it were certain by invading. The US is at it again, creating a panic over Chinese technologies by exaggerating tiny risks.... With all respect due, Professor Sachs is simply wrong about the logic here. The logic for attacking Iraq had to do chiefly with control of the Middle East, the center of...

On a tech roll. Copier no more? Sputnik InternationalChina Announces Development of 6G Network Less Than Week After 5G Rollout See also Asia Times5G policy ‘biggest strategic disaster in US history’ David P. GoldmanZero HedgeAs US Moves To Ban Huawei 5G, CEO Says Good Riddance Ahead Of Great DecouplingTyler Durden

Global trade policy uncertainty has increased significantly, largely because of a changing tariff regime between the United States and China. In this blog post, we argue that trade policy can have a significant effect on firms’ organization of supply chains. When the probability of a trade war rises, firms become less likely to form long-term, just-in-time relationships with foreign suppliers, which may lead to higher costs and welfare losses for consumers. Our research shows that even in...

This article begins with a review of the two main textbook approaches that had evolved by the early 1960s to incorporate the musings of Keynes: the Keynesian cross from Samuelson’s (1948) introductory textbook and the complete, well fleshed-out model in Gardner Ackley’s (1961) advanced macro textbook. This Keynesian- neoclassical synthesis followed a pattern set by Hicks (1937) by focusing on certain elements of Keynes, while setting aside others. Some potential weaknesses of the specific...