Mike Norman Economics

Strategic Culture FoundationThe Deep State Is Dragging Trump Into War With Iran Robert Bridge Strategic Culture FoundationThinking the Unthinkable, Saying the Unsayable Patrick Armstrong Zero HedgeIran Vows Major War Even If US Conducts "Limited Strikes" Tyler Durden The Vineyard of the SakerWorld at a Crossroads and a System of International Relations for the Future [English] World at a Crossroads and a System of International Relations for the Future” by Foreign Minister Sergey Lavrov...

Why Chinese companies are leaving the West behind: Western companies ruthlessly compete with each other, while Chinese companies cooperate with each other.Jeff Brown says how China was always well advanced of the West and during past centuries traded all over the World through their silk roads, but they never colonised any countries. [embedded content]

Shanghai-Nantong Yangtze River Bridge, the world’s 1st rail-expressway cable-stayed bridge with a main span over 1km, completed closure on Sept 20. The 11072-m-long bridge is expected to bolster the integrated development of the Yangtze River Delta.

ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessThe Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business Matt Stoller Reminiscence of the FutureWhy? Would You Ask? Andrei Martyanov FAIRMedia Omit Context Behind Latest North Korean Missile Tests Joshua Cho Fort Russ NewsSecret Papers Reveal Russian Hero Scientists Who Prevented America’s Insane Plan to Drop 300 Nuclear Bombs on USSR After WW2 (VIDEOS) Drago Bosnic...

Thread by @NathanTankus: "There was obviously a ton of discussion of liquidity this week after repo rates rose a lot and the Fed conducted thcale repurchase agreements since the Great Financial Crisis. To explain what’s happening, we need to properly […]" https://threadreaderapp.com/thread/1174992669040422912.html

I am hereby on the record 100% opposing this.After pumping another $75 billion, FED announced more 14-day term overnight repurchase agreements, or repos, in the coming weeks.Long #bitcoin! pic.twitter.com/GCN67Wj7Qm— Nejc Kodrič (@nejc_kodric) September 20, 2019

An interesting video on the history of neoliberalism.If you've ever wanted to understand what neoliberalism is, this is the series for you. The story of neoliberalism is a story about the power of ideas. Embedded liberalism was in power, but it was not without resistance. Academics and businessmen who opposed the New Deal and British social democracy were only begrudgingly accepting of the situation at best, or on the warpath against government intervention in the economy at worst. These...

Along those lines, I have a modest proposal. Eliminate the economics Ph.D, period. Offer everyone three years of graduate economics education, and no more (with a clock reset allowed for pregnancy). Did Smith, Keynes, or Hayek have an economics Ph.D? This way, no one will assume you know what you are talking about, and the underlying message is that economics learning is lifelong. Adam Smith and Friedrich Hayek were philosophers, and Keynes was a mathematician. Karl Marx, who goes...

Title a play on words of the MMT platonistic thesis "the natural rate of interest is zero!".This is expanded upon in the whitepaper here: Government taxing and security sales drain (subtract) reserves from the banking system. When the government realizes a budget deficit, there is a net reserve add to the banking system.  That is, Government deficit spending results in net credits to member bank reserves accounts. If these net credits lead to excess reserve positions, overnight interest...

Zero HedgeLuongo: Will The Yemen War Be The End Of Saudi Arabia? Tom Luongo Sputnik InternationalAccepting Houthi Responsibility for Saudi Oil Attack Means Admitting Riyadh’s War in Yemen Failed Sputnik InternationalOverseas Investors Emerging as New Owners of India's Road Assets Sputnik InternationalChinese PM Notes 'Huge Prospects' for Cooperation With Russia After Talks With Putin Checkpoint AsiaRussian Navy to Be First to Field Hypersonic Cruise Missiles on Submarines H. I. Sutton,...