Mike Norman Economics

The latest liberal parlor game is pretending there’s no such thing as neoliberalism. The game’s very popularity highlights neoliberalism’s enduring hegemony. What is neoliberalism, well, we all know, it's the present economic and political system adopted by the West the last 40 years or so? Started by Reagan and Thatcher, it involves mass privatisations and reduced government regulations, where private was always deemed good while publicly owned companies were considered bad. The...

'Most non-Isis powers — including Shia Iran and the leading Sunni states — agree on the need to destroy it. But which entity is supposed to inherit its territory?' Most normal people want to see ISIS eliminated, or at least disbanded and neutralised, but some officials think the head-chopping terrorists are useful for US foreign policy. Henry Kissinger has warned that destroying Isis could lead to an “Iranian radical empire”.  The former diplomat has suggested that once Isis is defeated,...

This is the first part of a three-part series this week, where I provide some guidance on some key questions about Modern Monetary Theory (MMT) that various parties in Japan have raised with me. The public discussion about MMT in Japan is relatively advanced (compared to elsewhere). Questions are asked about it and answered in the Japanese Diet (Parliament) and senior economics officials in the central bank and government make comments about it. And political activists across the political...

Rather, the unprecedented decision to utilize six of Russia’s most advanced fifth-generation fighters—approximately half of the currently available roster—in a VIP escort mission is the latest step in Russia’s ongoing Su-57 branding campaign. Unsurprisingly, Putin has repeatedly showered the Su-57 with adulation over the past several years; it was only several months ago that he referred to it as the best fighter in the world. But as high-stakes Su-57 export talks with Turkey, India, and...

Sputnik InternationalUK's Super-Rich Reportedly Ready to Leave Country 'Within Minutes' if Labour Wins Snap ElectionSputnik InternationalHuawei Thriving Despite Mounting US Pressure, Company Executive Reveals The GeopoliticsIndia’s Naval Ambitions: Has it Realised the Mahanian Moment? Sindu Dinesh Zero HedgeHow Controlling Syria's Oil Serves Washington's Strategic Objectives? Nauman SadiqSic Semper Tyrannis Burn CIA and FBI to the ground? Start over? Col. W. Patrick Lang, US Army (ret.)...

There's integrity in honesty. Syrian president Bashar al-Assad has praised Donald Trump, saying the billionaire real estate magnate is the “best” US president he has dealt with “because he is the most transparent”. “He’s the best American president,” Mr Assad told NBC News from Damascus. ”Not because his policies are good, but because he’s the most transparent president.” Referring to Mr Trump’s predecessors in the White House, President Assad said: “All they are is a group of criminals...

29.3 percent of Americans still believe that the US dollar is backed by gold, a new study published by Hong Kong-based cryptocurrency company Genesis Mining has found, cryptocurrency news website CryptoCoinsNews has reported.… The survey also found that Americans have other misconceptions about banking and finance, discovering, for example, that only 52 percent of respondents know that banks do not hold 100 percent of their customers’ deposits in their vaults, with the other 48 percent...

Are the most successful people in society just the luckiest people? This is based on an article I put out here sometime back, but this goes further into the subject, although it reaches the same conclusions. Tallent certainly helps you to become successful, but luck trumps all. So what did the simulation find? On the one hand, talent wasn't irrelevant to success. In general, those with greater talent had a higher probability of increasing their success by exploiting the possibilities...

NEOChina Breaks the Western Debt Stranglehold on the World Peter Koenig India PunchlineEurope’s gas alliance with Russia is a match made in heaven M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service Progressive PulseA government can never ‘over’spend… Peter May RTTear gas, water cannons, fuel bombs & barricades as protesters clash with police in Hong Kong Zero HedgeHong Kong Protestors Firebomb Xinhua News Agency Office Tyler Durden Strategic Culture FoundationWhat...

It came on twitter without any explanation of what's happening. I can only think it's Christian.