Mike Norman Economics

Russophobic rhetoric persists in Washington, but a counter-argument is emerging. Could we finally be on our way for peace with Russia? Macron and Trump are leading the way. Trump repeated the thought in Biarritz, claiming there was support among other members for the restoration of the G–8. “I think it’s a work in progress,” he said. “We have a number of people that would like to see Russia back.” Macron is plainly one of those people. It was just after Trump sounded his theme amid...

1 in 3 ain't bad!Prem Sikka tweet: Corruption Inc: Big Four accounting firms bungle a third of US audits but are rarely fined. Friends in high places protect them. The private police force of capitalism makes millions from dud audits.  Time to shut them down. Public bodies should do audits https://t.co/ESLWr07EYp The Big Four accounting firms bungled 31% of the most recent US audits analyzed by their quasi-governmental watchdog, the Public Company Accounting Oversight Board (PCAOB). Yet...

Donald Trump has fired his national security adviser, John Bolton, in two tweets that said he “disagreed strongly” with many of his suggestions. Trump said he would be naming a new national security adviser, his fourth of his term, next week. Trump tweeted: “I informed John Bolton last night that his services are no longer needed at the White House. I disagreed strongly with many of his suggestions, as did others in the administration, and therefore I asked John for his resignation, which...

This is a link to a podcast, which I don't usually post. However, it appears at Project Syndicate, which is about as establishment as one can get.A several part interview of Randy Wray is also being linked to serially at Strategic Culture Foundation, which is about as non-Establishment as one can get.Winning!Project SyndicateShould Governments Just Print More Money? Stephanie Kelton, professor of economics and public policy at Stony Brook University, a leading expert on Modern Monetary...

The major problem with a UBI is that it is a shotgun approach that is not addressed to a specific socio-economic need and it is insufficient to meet all socio-economic needs. The other issue is, cui bono? That is, for whose good? And how does that actually work? What happens if it is inflationary, as some economists have warned? If it is indexed, it becomes more inflationary. If it is not, the good it was supposed to do is undone. Sounds good until you go to the spreadsheet.Conversable...

Fifty years ago this year, the King of Sweden presented with royal pomp the first ever Nobel medals in economics. The prize has been dogged by controversy ever since. Alfred Nobel the founder of the awards never wanted an economics prize, hisde scendants want it scrapped and the economist F.A. Hayek said it was dangerous.That’s not the half. Serious thinkers argue that the prize in ‘economic sciences’, as it’s called, has given economic ideas which favour the rich and powerful the gloss of...

BY THOMAS HON WING POLIN – GERRY BROWN It's difficult to find the truth about the CPC's treatment of the Uyghurs, but I tend to take the view most of what we read in the West is propaganda. Apparently this propaganda is designed to get the Chinese Uyghurs angry too.  The Chinese government, through various programs, has been winning the hearts and minds of ordinary Uighurs. That is bad news for the US Empire and the Uighur separatists. They are making a desperate, all-out bid to unravel...

Caitlin Johnstone — Rogue JournalistHow To Defeat The Empire Caitlin Johnstone Dances with BearsMARK GALEOTTI IS A FACT FAKER – HIS BOOK ON RUSSIAN CRIME IS A HATE CRIME, A WAR CRIME John Helmer Elijah J. Magnier — Middle East PoliticsIran will be a full nuclear power by the end of 2020: no return to the 2015 agreement Elijah J. Magnier Fast CompanyEx-CIA operative Valerie Plame is running for Congress, and her campaign video is fast & furious Frances Katz Geopolitical MonitorChina...

The Germany guy at least has their methodology correct here... and this is interesting in that this is the first time I've ever seen anybody point out their methodology...Should probably be "model-platonistic methodology" that they are using its more than a "manner"...This methodology should be banned in anything even obliquely having to do with our material provisioning systems... it doesn't work... The claims are as follows:1. ‘MMT applies to countries other than the US, but not to the...

Guess when the 2yr vs. 10yr  yield curve went "inversion!" on the time domain diagram below and win a free 30 day trial subscription to Mike's MMT Trader™ newsletter: HINT: