Mike Norman Economics

These new quantum computers will break all our encryption systems by overcoming them in seconds, or minutes, warn experts. A hacker may try to get into your account by trying one random computer generated password after another. If you have a 16 digit password it will take him years to get in, but with a quantum computer it will take maybe seconds or minutes.'Our modern systems of finance, commerce, communication, transportation, manufacturing, energy, government, and healthcare will for all...

[embedded content] Why did the intelligence agencies want to destroy Trump so much, asks Stephen Cohen. Other presidents have pursued detente, so why was Trump targeted so much.

Mother JonesAn Actual Conspiracy Kept Jeffrey Epstein’s Accomplices out of PrisonWith four little words, the government granted immunity to Epstein’s co-conspirators. Why? Leland NallyWCEG — The EquitablogThe political influence and preferences of the U.S. economic elite Somin Park Reminiscence of the FutureOn Russia And China (Again).Andrei MartyanovDances with BearsUKRAINIAN OLIGARCH VICTOR PINCHUK IS PUTTING HIS MONEY ON JOE BIDEN FOR PRESIDENT AT $40,000 PER MONTH – THAT’S $3,000 MORE...

It’s not the bureaucracy, it’s not the police, it’s not the politics but what is corrupt is the financial capital' Britain is the most corrupt country in the world, according to journalist Roberto Saviano, who spent more than a decade exposing the criminal dealings of the Italian Mafia. Mr Saviano, who wrote the best-selling exposés Gomorrah and ZeroZeroZero, made the comments at the Hay Literary Festival. The 36-year-old has been living under police protection since publishing...

Sen. Bernie Sanders (I-Vt.) offered praise for China while stating in an interview that he believed the U.S. could have a positive relationship with the country, saying it had made "more progress in addressing extreme poverty than any country in the history of civilization."  The Democratic presidential candidate offered a nuanced view of Beijing, criticizing it for a move toward authoritarianism and stating that it looked out for its own interests first, but also saying it had made...

Tax away economic rents accruing from finance, monopoly and monopsony, land, and natural resources.Lars P. Syll’s BlogKnut Wicksell’s principle of just taxationLars P. Syll | Professor, Malmo University

1. Never-Trump and "responsible" Republicans are caught in the dilemma now of supporting impeachment and risking the wrath of the large segment of the party that supports the president, risking the likelihood of winning elections in the future owing to a division in the party that will last as long as Trump supporters are alive.2. The Democratic Establishment is facing a similar dilemma of marginalizing the progressive wing of the party, which risks losing progressive support in coming...

CIA plant. I was going to use a question mark with that. Decided not to. Duh.Rolling StoneThe ‘Whistleblower’ Probably Isn’t: It’s an insult to real whistleblowers to use the term with the Ukrainegate protagonist Matt TaibbiSee also The connection between the Democratic National Committee (DNC) and the Ukrainian government was veteran Democratic operative Alexandra Chalupa, “who had worked in the White House Office of Public Liaison during the Clinton administration” and then “went on to...

I am aware that almost anything written on modern monetary theory appears to be contentious, and that there are those who to seek to belittle my own contribution. I should then add that Randy Wray has already written to me about this paper, welcoming it and the contribution it makes to MMT thinking. Those seeking to dismiss it because I wrote it should, then, tread warily I suggest. That said, I am aware that I have raised difficult issues, but I hope without offending too many. Suggesting...