Mike Norman Economics

Yesterday, the House Financial Services Committee released its hearing schedule for October. There is not a peep about holding a hearing on the unprecedented hundreds of billions of dollars that the Federal Reserve Bank of New York is pumping into unnamed banks on Wall Street at a time when there is no public acknowledgement of any kind of financial crisis taking place. Congressional committees should have been instantly on top of the Fed’s actions when they first started on September 17...

I have been catching up after travelling to the Modern Monetary Theory (MMT) Conference in Stony Brook, and see that there was a full issue on MMT in the Real-World Economic Review. Since I referred to the relationship between MMT and Post-Keynesian Economics in my talk, I might as well update my comments based on that RWER issue.... I agree with Brian. Tempest in a teapot with the world falling apart around us.  People taking themselves too seriously, but that is the story in most of...

AlternetRalph Nader: Here are 19 ways the 1 percent rules — and the 99 percent lets them Ralph NaderThe Gateway Pundit Deep State Professor Joseph Mifsud, Involved in Setting Up General Flynn and Papadopoulos, Also Involved in Drafting Pro-EU Brexit Plan Joe Hoft LobeLogHypersonic Weapons and National (In)security Rajan Menon Moon of AlabamaThe U.S. Led Coup Attempt In Iraq May Further Weaken That Country Ray McGovernAttorney General Barr’s Posse Is Mounted, Armed, & Ready, Judging...

As the eurozone’s economy sinks, the European Central Bank is thinking big. That’s worrying, says Matthew Lynn. Europe is in a pickle and has run out of ideas, so it might be tempted to give MMT a try, but some European countries are not happy that Germany will be the main benefactor again. Will MMT go mainstream? The ECB can’t cut interest rates any more and it has already bought up almost all the bonds it is allowed to. If it wants to go any further then it needs to come up with...

Why did a police officer get himself arrested? And what do the police really think about Extinction Rebellion? Film by @RubberRepublic From concern about what the police's role might be in a Climate ravaged future, to anxiety over their offspring’s disappearing futures, we uncover the emotion and truth of the police’s relationship with the groundbreaking climate movement. [embedded content]

Newly named Syriac Catholic Archbishop of Damascus, Jano Jihad Battah, tells Hanin Elias who is reporting exclusively to Syriana Analysis that the Syrian Army defended the country against the Western-backed militants. [embedded content]

The US president reportedly disputed UK’s ‘overwhelming evidence’ of Russian involvement in Salisbury attack Donald Trump disputed that Russia was behind the attempted murder of a former Russian spy in a tense call with Theresa May, it has emerged. Despite the widespread conclusion that Vladimir Putin’s regime was behind the poisoning of Sergei Skripal and his daughter Yulia last year, the US president is said to have spent 10 minutes expressing his doubts about Russian involvement....

Commodification is of the essence of capital. It can be a force for good, as proponents of the price mechanism as the solution to all problems claim, or not, as Marx & Engels objected based on alienation. Chris Dillow comments.Stumbling and MumblingON COMMODIFICATIONChris Dillow | Investors Chronicle

I came across the CPES digital archive today. It has scans of papers which aren’t available elsewhere. There’s an interesting article Causes Of Growth And Recession In World Trade, there by Francis Cripps, in which he describes the Cambridge Keynesian idea of achieving balanced trade, because nations face a balance-of-payments constraint: The Case for Concerted ActionThe Cambridge Political Economy Society Digital ArchiveV. Ramanan

Our weekly documentary film curated by the editorial team at 21WIRE. Did the CIA interfere in 1970s Australian politics? Former US intelligence operative and convicted spy, Christopher Boyce, tells his story to Australia’s Dateline program. Boyce’s intervention was made famous by Hollywood’s theatrical release of The Falcon and the Snowman. Boyce reveals covert US ‘regime change’ operations in Australia which would eventually removed the Labour Prime Minister from power, as Washington...