Mike Norman Economics

Mother JonesAn Actual Conspiracy Kept Jeffrey Epstein’s Accomplices out of PrisonWith four little words, the government granted immunity to Epstein’s co-conspirators. Why? Leland NallyWCEG — The EquitablogThe political influence and preferences of the U.S. economic elite Somin Park Reminiscence of the FutureOn Russia And China (Again).Andrei MartyanovDances with BearsUKRAINIAN OLIGARCH VICTOR PINCHUK IS PUTTING HIS MONEY ON JOE BIDEN FOR PRESIDENT AT $40,000 PER MONTH – THAT’S $3,000 MORE...

It’s not the bureaucracy, it’s not the police, it’s not the politics but what is corrupt is the financial capital' Britain is the most corrupt country in the world, according to journalist Roberto Saviano, who spent more than a decade exposing the criminal dealings of the Italian Mafia. Mr Saviano, who wrote the best-selling exposés Gomorrah and ZeroZeroZero, made the comments at the Hay Literary Festival. The 36-year-old has been living under police protection since publishing...

Sen. Bernie Sanders (I-Vt.) offered praise for China while stating in an interview that he believed the U.S. could have a positive relationship with the country, saying it had made "more progress in addressing extreme poverty than any country in the history of civilization."  The Democratic presidential candidate offered a nuanced view of Beijing, criticizing it for a move toward authoritarianism and stating that it looked out for its own interests first, but also saying it had made...

Tax away economic rents accruing from finance, monopoly and monopsony, land, and natural resources.Lars P. Syll’s BlogKnut Wicksell’s principle of just taxationLars P. Syll | Professor, Malmo University

1. Never-Trump and "responsible" Republicans are caught in the dilemma now of supporting impeachment and risking the wrath of the large segment of the party that supports the president, risking the likelihood of winning elections in the future owing to a division in the party that will last as long as Trump supporters are alive.2. The Democratic Establishment is facing a similar dilemma of marginalizing the progressive wing of the party, which risks losing progressive support in coming...

CIA plant. I was going to use a question mark with that. Decided not to. Duh.Rolling StoneThe ‘Whistleblower’ Probably Isn’t: It’s an insult to real whistleblowers to use the term with the Ukrainegate protagonist Matt TaibbiSee also The connection between the Democratic National Committee (DNC) and the Ukrainian government was veteran Democratic operative Alexandra Chalupa, “who had worked in the White House Office of Public Liaison during the Clinton administration” and then “went on to...

I am aware that almost anything written on modern monetary theory appears to be contentious, and that there are those who to seek to belittle my own contribution. I should then add that Randy Wray has already written to me about this paper, welcoming it and the contribution it makes to MMT thinking. Those seeking to dismiss it because I wrote it should, then, tread warily I suggest. That said, I am aware that I have raised difficult issues, but I hope without offending too many. Suggesting...

As many readers know, the third annual MMT conference was recently held at Stonybrook, and you can find the program as well as videos of the conference at the link: (https://www.mmtconference.org/). In addition, real-world economics review has just issued a new volume devoted to MMT (http://www.paecon.net/PAEReview/issue89/whole89.pdf). I’ll briefly address both, in two parts. I’ll talk about the conference in this one, and about the RWER papers in the second part.... New Economic...

To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over the weekend decided to withdraw its support for oil exploration offshore the sensitive Lofoten islands in Norway’s Arctic, creating a solid majority in parliament to keep the area off limits for drilling. The dramatic shift by Norway’s biggest party is a significant blow to the support the oil industry has enjoyed, and could signal that the Scandinavian nation is coming closer to the...