Mike Norman Economics

Disruptive in the short term

[embedded content] It is not too good to be true.’ — Andrew Yang, 2020 election candidate, wants to give you and every other American adult $1,000 a month. Here’s how that would work.

Alaska’s experience suggests it can It seems only middle income groups benefited. I might speculate and say this is because high income groups already have sufficient money, and low income groups didn't benefit because the Basic Income wasn't enough to mitigate the effects of poverty. The article says childhood obesity greatly increased after 1980, when Reagan implemented neoliberalism, after that middle income groups started to suffer, it seems.  The article says how the...

Martin Shields and Nick Diable are accused of tax fraud in ‘cum-ex’ scandal worth €60bn that exposes City’s pursuit of profit Martin Shields regrets it now, he says the money could have been used for roads and school, but everyone was doing it, he adds.  Some European countries are glad to get shot of Britain.  Philip Oltermann - ‘The men who plundered Europe’: bankers on trial for defrauding €447m They have been called “the men who plundered Europe”: a group of cowboy traders,...

Is being at work like being in a type of dictatorship? Some say if you don't like it you're free to move on, but what if nearly all bosses are the same, so the disruption and risk is pointless.I worked at my old company for years and I had bought a house nearby. As I had been there so long I was on top whack, especially as wage rises were much better in the old days. My job was very specialised and so finding a job nearby wouldn't have been easy. If I lost my job, I might of had to travel...

Some tough talk from Bernie! Even as Sen. Bernie Sanders’ progressive platform polls well among Democratic voters, consistently ranking second after Joe Biden, and even as he draws large crowds at rallies and lands 1 million donors (according to the Sanders campaign), his opponents respond with the same refrain: H0.ow is he going to pay for his plans like Medicare for All and the Green New Deal? On Tuesday, Sanders answered, with “a tax on extreme wealth,” which CNN called “a hefty tax on...

Hahahaha US politics is as stupid as it gets. 19 Republican congressmembers just signed this open letter saying they're against impeachment because Putin wants it. Dems claim Putin installed Trump; the GOP claims Putin wants him out. They're all infantile This insane letter signed by 19 Republican members of the House Foreign Affairs Committee says, "Democrats are literally following the Russian president’s playbook" Everyone in US politics blames everything on Putin. The world is laughing...

Fed unexpectedly doubles repo size.

[embedded content] The Grayzone’s Max Blumenthal discusses his reporting trip to Damascus in the aftermath of Syria's proxy war. He interviewed residents who were caught between Western and Gulf-backed extremist insurgents and the Syrian government’s war to retake territory, and who now struggle to recover under a US-led economic blockade. "They want to attack and intimidate people from the West who want to have cultural and personal contact with Syrians in the area where most Syrians...

Tumeric is an amazing herb with enormous health properties. In fact, it may be the most powerful health tonic you can take.It's a powerful antidepressant too, which is as good as SSRI's in some studies where inflammation was the cause of depression.Turmeric can also protect against all sorts of other diseases, including diabetes, cancer, and arthritis.But there's a problem, some of it has been found to contain too much lead. So it's best to pay more for it from a leading supplier, or buy...