Mike Norman Economics

Signed up with the Peterson people a while back:Michael Bloomberg To Chair Campaign To Fix The Debt http://t.co/dHLAT2dh— Christopher  John (@thetechguychris) December 13, 2012

An excellent video! Evo Morales called for new elections with more international observers, but the elite weren't interested. [embedded content]

Is the universe conscious? Some scientists are beginning to wonder. This means that mind is matter, and that even elementary particles exhibit incredibly basic forms of consciousness. Before you write that off, consider this.  Consciousness can vary in complexity. We have good reason to think that the conscious experiences of a horse are much less complex than those of a human being, and that the conscious experiences of a rabbit are less sophisticated than those of a horse. As organisms...

For those interested in Marx and Marxian economics.Michael Roberts Blog — blogging from a marxist economistHM1 – Marx’s double-edge law Michael Roberts

The debt ceiling cause the plunge in rates and rally in bonds. All being reversed now.

Targeted expenditure based on priorities determined by national security and aimed at neutralizing threats. In other words, defense rather than global power projection, like US-led NATO. The real expenditure, however, is not in nominal terms but with respect to allocation of real resources that are scarce, most significantly, knowledge and skill. Russia has established dominance in technological innovation in weapons development and manufacture. This requires investment in education and...

Lula detailed the current “terrible conditions” for Brazilian workers. He ripped to pieces the economic program – basically a monster sell-out – of Finance Minister Paulo Guedes, a Chicago boy and Pinochetist who’s applying the same failed hardcore neoliberal prescriptions now being denounced and scorned every day in the streets of Chile. He detailed how the Brazilian right wing openly bet on neo-fascism, which is the form that neoliberalism recently took in Brazil. He blasted mainstream...

Backgrounder on neoconservatism and its marriage of convenience with liberal internationalism (Wilsonianism). Does the permanent warfare of today's neocons differ in any real way from the Trotsky idea of permanent world revolution? Socialism has been replaced by democracy-promotion but that difference is small, particularly as the consequences continue to play out on the world stage. This prompts the question as to why Donald Trump has appointed neoconservatives like John Bolton when he is a...

What happens if the two premises on which Israel and America’s grand Iran strategy is founded are proven false? ‘What if’ maximum pressure fails either to implode the Iranian state politically, nor brings Iran to its knees, begging for a new ‘hairshirt’ nuclear deal? Well …? Well, it seems that Netanyahu and Mossad were so cocksure of their initial premise, that they neglected to think beyond first move on the chess board. It was to be checkmate in one. And this neglect is the cause of the...

Market strategists have repeatedly warned about the potential fallout from the collapse of retail sales in China, a trend that has already led to a recession in global auto sales, while Chinese factory output has also declined. But the economic doldrums facing the world's most populous country didn't stop Chinese consumers from posting a massive tab on Alibaba's Singles Day. In fact, according to CNBC, it was the largest haul in the 11-year history of Singles Day.... But with the trade war...