Mike Norman Economics

Modern Monetary Theory has become a hot topic of discussion. But is it well understood? In this interview with Real Vision’s Ed Harrison, Warren Mosler, the founder of MMT, describes exactly what Modern Monetary Theory is, and how the framework can be utilized. Particularly interesting is Mosler’s ambivalence about the political furor enveloping MMT. He sees the economic framework as more descriptive of monetary operations than prescriptive of policy. Mosler also outlines why MMT’s...

MMT to the rescue. Sojourners No More Economic Malpractice: African-American Faith Leaders Take On The Establishment Delman Coates See also VOXA generation of economists helped get us into this mess. A new generation can get us out. Jared Bernstein | Senior Fellow at the Center on Budget and Policy Priorities and former Chief Economist and Economic Adviser to Vice President Joe Biden in the Obama Administration

Still no connecting the dots, from anyone but me.

Erdoğan and Assad were apparently quite close before the conflict. It just goes how stab-in-the-back it is at the top, where no one is your friend. They're all scaly-backs and swamp creatures! Nearly 80,000 bombs on a single island believed to be holding Islamic State fighters in Iraq. Rick Sanchez shows us the harrowing footage. Then Max Blumenthal, editor of the Grayzone and author of “Management of Savagery,” joins from Damascus, Syria to talk about continuing US military involvement...

I think that there are at least three things going on, first involving property as theft through forcible enclosure of the commons, regardless of whether this is made legal by institutions controlled by the thieves as a veneer.  Secondly, I believe that the classical view of value as produced by labor is essentially correct, regardless of the controversy over the statement of it, which is largely semantical. These differences led to distinctions that distracted enough from the actual...

“While US President Donald Trump boasts about the defeat of Islamic State in Syria, US government-purchased weapons appear in the hands of Islamic State terrorists in Yemen.” 21st Century Wire Podcast  INTERVIEW: Dilyana Gaytandzhieva reveals US arms trafficking to ISIS ft 4

Finland is the only EU country where homelessness is falling. Its secret? Giving people homes as soon as they need them – unconditionally Every country is lovely, but some countries are more lovely than others.As I've said before, social democracy works out cheaper in the end.Housing First costs money, of course: Finland has spent €250m creating new homes and hiring 300 extra support workers. But a recent study showed the savings in emergency healthcare, social services and the justice...

The talk now is cutting social welfare spending to "shrink" the "ballooning" deficit resulting from tax cuts that mostly benefited the top tier, along with increased military spending.EPI — Economic Policy InstituteGovernment programs kept tens of millions out of poverty in 2018Hunter Blair and Julia Wolfe

Piketty coins a new term, the "Brahmin left."The Case for Concerted ActionThomas Piketty’s New BookV. Ramanan

China is an old civilization and has been passing through various ups and downs throughout history. Which is very much rational and the natural cycle of human history. There was a time when Romans were at the peak, but today they stand nowhere, British and French colonialized half of the world, but today squeezed to a small state only. Ottoman Empire in Turkey was in control of parts of Asia, Africa, and Europe, but today is a small developing nation. Every peak has to pass through fall, it...