Mike Norman Economics

Our universe could be creating multiple new universes with different space times, and those new universes will be creating even more universes, so the maths tells us.  Like part of a cosmic Russian doll, our universe may be perfectly nested inside a black hole that is itself part of a larger universe. In turn, all the black holes found so far in our universe—from the microscopic to the supermassive—may be ultimate doorways into alternate realities. Physics-Astronomy  Every Black Hole...

Remember you read it here. @UKLabour move to give millions of foreign nationals the right to vote in #generalelection2019 will haunt them for decades to come. It will be weaponised by the right as a betrayal of Britain and its sovereignty. Mark my words #Brexit

It's really good!Matt Kennard reviews how the Western press reports the actions of ‘The Racket’ ­ the multinational corporations ­ and their role in shaping the global media agenda. [embedded content]

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...