Mike Norman Economics

Caitlin Johnstone — Rogue JournalistNew OPCW Leak Further Vindicates Skeptics Of Establishment Syria Narrative Caitlin Johnstone Sputnik InternationalOPCW Modified Chemical Weapons Report on Syria's Douma, Crucial Details Omitted - Wikileaks The GrayzoneYes, Ukraine interference in the 2016 presidential election Yasha Levine Fort RussBREAKING: White Helmets Involved in Human Organ Trafficking in Syria Drago Bosnic SouthFrontMalaysia Demands JIT To Provide Transparent Access To...

The [Wolfowitz] doctrine announces the U.S.'s status as the world’s only remaining superpower following the collapse of the Soviet Union at the end of the Cold War and proclaims its main objective to be retaining that status. Our first objective is to prevent the re-emergence of a new rival, either on the territory of the former Soviet Union or elsewhere, that poses a threat on the order of that posed formerly by the Soviet Union. This is a dominant consideration underlying the new regional...

Alternatives to the reporting in conventional media. MediumXinJiang: Facts Vs. Fiction He Zhao China Rising (July 2019)Confucius, Laozi and Buddha are humbly winning against the imperial West, in troubled Hong Kong. Jeff J. Brown As Jeff Brown forsaw.Moon of AlabamaWhy The Hong Kong Riots Are Coming To An EndThe GrayzoneHong Kong’s opposition unites with Washington hardliners to ‘preserve the US’s own political and economic interests’ Ajit SinghBill Totten's WeblogFrom Idlib to...

"The top one percent owns nearly $30 trillion of assets while the bottom half owns less than nothing." The growth of wealth inequality over the past 30 years, Bruenig found, is "eye-popping." "Between 1989 and 2018, the top one percent increased its total net worth by $21 trillion," Bruenig wrote. "The bottom 50 percent actually saw its net worth decrease by $900 billion over the same period." Common Dreams'Eye-Popping': Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While...

Fort RussHow the Biden Clan Plundered Ukraine (PHOTO, VIDEO EVIDENCE) Andrii Derkach John Solomon ReportsResponding to Lt. Col. Vindman about my Ukraine columns … with the facts John Solomon It is now important for every American to realize that he or she can get little to no reliable news from the US mainstream media on Ukraine, Russia, or even the United States itself. The inevitable confusion and apathy is particularly dangerous in a country with the enormous responsibility of being the...

Anyone thinking this is a science is kidding themselves.

So far, in considering a simplified economy with a job guarantee, the focus has been on the demand-determined behavior of output and employment. Prices, in this exercise, have simply been taken as given on the grounds that they are not causally significant in the process. This approach does not require prices to remain constant, though, for given supply conditions, they may well do so over a fairly wide range of output for reasons to be discussed. Nor does it require that prices are...

In 1995, the sociologist Ralf Dahrendorf argued that developed countries’ “overriding task” for the subsequent decade was to "square the circle of wealth creation, social cohesion, and political freedom.” More than two decades later, most have not even attempted that feat.... The paradoxes of liberalism involve the incompatibility of social liberalism, political liberalism, and economic liberalism, in particular, a fundamental tension between accumulation and democracy. Enlightenment...

Sadly, no MMT here. Paul Mason - former economics editor for BBC Newsnight and Channel 4, outlines the difference between debt and deficit. [embedded content]

Less noncommittal about MMT. “Federal deficits and debt are not so scary. Neither is on an unsustainable path," was the opening salvo from Randall Wray, a professor at Bard College and one of the leading advocates of Modern Monetary Theory. The emerging school of thought says countries like the U.S., which borrow in their own currency, can pursue growth through deficit-spending so long as prices are under control. Wray’s paper for the committee argued that MMT has never said deficits or...