Mike Norman Economics

Pretty fair article. Stephanie Kelton is solidifying in the role of being the public face the MMT. This is doubly beneficial. Not only is it good for popularizing MMT, but also there are not many other women among economists that the public is familiar with.ReutersExplainer: Five questions about Modern Monetary Theory See also at ReutersMMT: controversial plan to boost economic equality Also in the news. WTVBMMT may be Democrats' economic cure, but only Trump got the memo Howard...

Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.  How anyone would want to destroy a rainforest for money is beyond me? How do these people get away with it, and why is the world the way it is, where money trumps all other values? You would think that there would be lots of powerful people who would try to put a stop to it, but, sadly, the world doesn't seem to work like that. Liberals tend to have a lot of empathy, and...

On a range of ethical issues, philosophy professors specializing in ethics have been found to behave no better than professors working in other areas of philosophy, or than non-philosophy professors. But that doesn't necessarily mean that ethical reasoning is powerless to make people behave more ethically.… One problem in teaching philosophy is that people are seeking pat answers as it math and science. Life is not cut and dried like that. Most areas are gray, and thus the ongoing...

Helena Sheehan’s Marxism and the Philosophy of Science , originally written in 1985, but reprinted at the end of 2017, recounts a wide history of serious Marxist thought on science starting with Marx and Engels themselves, and going up to the mass workers’ movements of the 1930s and 1940s. In keeping with a dialectical conception of science, Marxist ideas aren’t presented as static but evolving through debate and experiment in the face of new scientific and political challenges.... This...

The standard account of China’s economic rise focuses on its state capitalism, whereby the government, endowed with huge assets, can pursue a wide-ranging industrial policy and intervene to mitigate risks. This explanation is wrong.… Project SyndicateThe Real Reason for China’s Rise Zhang Jun | Dean of the School of Economics at Fudan University and Director of the China Center for Economic Studies, a Shanghai-based think-tank

“I think the expectation is that this is going to escalate and get worse rather than coming to a place of agreement or just going away,” said Putri Pascualy, managing director at investment firm PAAMCO Prisma. “The risk in the market is political and political risk for investors is very difficult to handicap.”…. Politico Trump’s China battle heads into the danger zone Doug Palmer

Clown show.

Proponents advise printing money until inflation hits and approve of Abenomics Could a revolution be coming in economic thinking? MMT... Does the Japanese experience validate MMT, as Professor Kelton implied? Perhaps. It certainly raises serious doubts about the "fiscal discipline" strongly advocated by Kenneth Rogoff, Christine Lagarde and many other experts and policymakers since the global financial crisis of 2008. For Japan has been running large fiscal deficits for more than 20...

Oil prices will need to trade at around $9 to $10 per barrel in the long run if gasoline is going to be able to compete with electric vehicles and renewable energy. That startling conclusion comes from BNP Paribas, which warned in a new report that crude oil is facing an existential and likely mortal threat from renewable energy and EVs.... Oilprice.comThe Threat That Will Send Oil Down To $10 Nick Cunningham

Trump goes full economic embargo on Venezuela:President Trump said the US will expand its sanctions against Venezuela to impose a total economic embargo against the country https://t.co/crlSujMM7W pic.twitter.com/q1Psghwuft— CNN Breaking News (@cnnbrk) August 6, 2019 Paybacks are hell:Video of the #Venezuelan SU-30MK2 fighter hanging tight and close on the tail of a US #Navy EP-3E Aries II intelligence plane Friday 19 July. US has protested the SU-30 "aggressively shadowed" the Aries in...