Mike Norman Economics

Good riddance to this Monetarist moron...Greg Mankiw, who served as chief economist to former President George W. Bush, quits the Republican party because too many of its members are ignoring Trump’s “misdeeds” https://t.co/Psiwgh5U4x— Bloomberg (@business) October 29, 2019

Fed meeting and more.

3 central bank meetings plus major data releases

For about 70 years the CIA has been undermining a free press.  It began with Operation Mockingbird, a Cold War operation against communism.  The CIA recruited journalists into a propaganda network.  The CIA paid journalists to write fake stories or to publish stories written by the CIA in order to control explanations that served the agency’s agendas.  Student and cultural organizations and intellectual magazines, such as Encounter, were suborned into the CIA’s propaganda network.  Thanks...

Is Elizabeth Warren more radical than we thought? The powers that be are really scared of her. They say Europe got rid of high taxes long ago because they didn't work. Didn't work for who? And is neoliberalism working today? Beddoes noted that Warren’s wealth tax proposal, which would confiscate large amounts of wealth from America’s richest individuals, is an antiquated idea that many European countries abandoned a long time ago.  Rattner jumped in, saying, “I would say it’d be...

Later this week I will be in Japan for a series of presentations and meetings with a broad spectrum of Japanese politics. The various hosts of the events which I will confirm in Wednesday’s blog post are all committed to advancing an MMT understanding in Japan and ending the hold that ‘sound finance’ has on the public policy debates and regularly lead to poorly contrived policy shifts (such as the recent sales tax hike) in pursuit of lower fiscal deficits. As part of my preparation for my...

The leaders of the Catholic Church hated Liberation Theology with its left-wing roots and so killed it off. After that, the American Pentecostal Church got a foothold in Brazil because of the vacuum left by the Catholic Church.The Brazilian evangelicals are taught to be very right-wing and to praise capitalism and so they vote for Bolsonaro. They may be poor, but they are told they will be rewarded in Heaven one day if they suffer gracefully, that is, don't try to change the system.  And...

Looks like Snowden just rained on the conspiracy theorists' parade. Edward Snowdon puts to rest some of the most craziest conspiracy theories on the net: Chemtrails, the fake moon landings, the Pentagon and aliens.Snowdon said, "I had ridiculous access to the networks of the NSA (National Security Agency), the CIA, the military, all these groups. I couldn't find anything". News 18 Edward Snowden Confirms Aliens Never Contacted the CIA and Moon Landing Did Happen

Apparently misleading headline at Nikkei. There is nothing in the article that reflects what the headline asserts. To the contrary, in the last paragraph the article states the opposite. The situation in China apparently heralds an era of ubiquitous facial recognition, when greater tech-supported convenience comes at the cost of privacy. In China, however, the name of the game is "ease to use." There is no particularly strident criticism in the country, at least for now, about the use of...

For the last 12 years, the banks have lurched from one crisis to another. None more so than Royal Bank of Scotland (LSE: RBS), which taxpayers were forced to bail out to the tune of £45bn. There could be more trouble ahead, so watch out. It’s an absolute scandal...  Yahoo Finance Harvey Jones - Could this looming threat destroy RBS and every other FTSE 100 bank?