Mike Norman Economics

After thinking about the problems that the majority seem to have accepting MMT, I have concluded it best to divide MMT up into two components. One is the descriptive theory on how things are. This part deals with debt flows, banking reserves, etc… It describes the way a modern economy works. The next part is the prescriptive part of MMT. After understanding how an economy operates, many MMT advocates have policy recommendations. The important thing to understand about these choices is that...

Anti MediaChinese Middle Class Could Reach 550 Million in Three Years — Every American Corporation Wants in on This BoomEvelyn Cheng The Vineyard of the SakerHong Kong ensnared in the West’s color revolution hot box – the latest news and analysisJeff J. Brown Zero HedgeIran, China, & Russia Gear Up For Unprecedented War Games In "Message To The World"Tyler Durden

Decade-long research at Weizmann Institute could pave way for low-emissions production of carbon for use in biofuels, food, and help remove excess global warming CO₂ from air In a remarkable breakthrough that could pave the way toward carbon-neutral fuels, researchers at the Weizmann Institute of Science have produced a genetically engineered bacteria that can live on carbon dioxide rather than sugar. Times of Israel  In possible climate breakthrough, Israel scientists engineer...

Australian, but believed to be a transnational problem. Bankrolling pedophiles, facilitating massive money-laundering schemes and terrorist-financing have branded Westpac, deservingly, an instant pariah of the banking world. As regulatory intelligence expert Nathan Lynch reveals here however, Westpac is unlikely to be alone. The story behind the story is industrial scale tax avoidance, the concealing of enormous cross-border payments. Armstrong said the AUSTRAC case was going to be a...

Corbyn is not an anti-Semite. His real sin is to fight against injustice in the world, including the version Israel perpetrates Corbyn is not an anti-Semite. He never was. His real sin is his staunch position against injustice in the world, including the version Israel perpetrates. Today this is anti-Semitism. The Hungarian Viktor Orban, the Austrian Freedom Party and the extreme right in Europe are not the danger to Jews. Corbyn is the enemy. The new and efficient strategy of Israel...

The was no Russian government campaign to influence the 2016 election. There was only a Russian commercial media enterprise that used sock-puppet accounts with quirky content to attract viewers and sold advertisement space to U.S. companies. The IRA also bought advertisement to attract more people to its accounts. But the amount it spent was tiny. The final price tag for the 2016 election was $6.5 billion for the presidential and congressional elections combined. The IRA spend a total...

The UK has one of the most extreme forms of capitalism in the world and we urgently need to rethink the role of business in society. That's according to Prof Colin Mayer, author of a new report on the future of the corporation for the British Academy. Prof Mayer says that global crises such as the environment and growing inequality are forcing a reassessment of what business is for. "The corporation has failed to deliver benefit beyond shareholders, to its stakeholders and its wider...

Review of Giants: The Global Power Elite by Peter Phillips (Introduction by William I. Robinson). New York: Seven Stories Press, 2018. LCCN 2018017493; ISBN 9781609808716 (pbk.); ISBN 9781609808723 (ebook); 353 pps. Giants: The Global Power Elite, by Peter M. Phillips, Professor of Political Sociology at Sonoma State University, opens with a stated intention of following in the tradition C. Wright Mills’ The Power Elite. This book is clearly meant to be a contemporary update and expansion...

Moon of AlabamaNew Study: "Russian Trolls" Did Not "Sow Discord" - They Influenced No One Naked Keynesianism — Hemlock for economics studentsVenezuela and the embargo Matias Vernengo | Associate Professor of Economics, Bucknell University The Vineyard of the SakerThe road toward Greater Eurasia Iran’s ‘Only Crime Is We Decided Not to Fold’ Pepe Escobar Sputnik InternationalHuawei CEO Warns Trump the Point of No Return is Near as Trade Ban Remains Intact Leaked Docs Obtained by Labour...

Italy took a hard line against bankers involved in helping Banca Monte dei Paschi di Siena SpA falsify its accounts, sentencing 13 executives and managers to jail terms and fining the banks that worked with the Italian lender. Monte Paschi ex-Chairman Giuseppe Mussari was sentenced to 7.6 years in prison. Deutsche Bank officials Michele Faissola and Michele Foresti and Nomura’s Sadeq Sayeed, Raffaele Ricci also received jail terms. Deutsche Bank and Nomura face fines and seizures totaling...