Mike Norman Economics

These journalists must be very brave to disclose this sort of information. Talk about caught red-handed.These documents expose the biggest lie in the US foreign policy – officially fighting terrorism while secretly supporting it. Arms Watch Dilyana Gaytandzhieva - Islamic State weapons in Yemen traced back to US Government: Serbia files (part 1)

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It's a year old, but wow, talk about to the point! [embedded content]

In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty’s new book Capital and Ideology will transform the way political scientists look at their own field. ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessThomas Piketty’s New Book Brings Political Economy Back to Its Sources Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior...

Numbers may be eternal and unchanging, but they are not gods. Andrew Gelman observes that we also have to step back and use our common sense regarding what the numbers actually say, instead of drawing arbitrary lines based on self-imposed criteria like "significance" and then take them as "messages from the gods." It doesn't work like that. Formalism only goes so far. So. Yes, it seems goofy to draw a bright line between p = 0.048 and p = 0.052. But it’s also goofy to draw a bright line...

The Plan of the Ministry of Economic Development for the Transformation of the Business Climate Was Supplemented with New Measures Vladimir Putin set an ambitious goal for the Ministry of Economic Development: by 2024, Russia should rise to 20th in the World Bank’s Doing Business rating (now our country occupies 31st place out of 190).... Russia and China have managed economies along with market-based economies. This is proving to be be a good balance between hierarchical technocracy and...

Free is good. Karl Widerquist specializes in basic income. The MMT position on basic income is that it should be in addition to a universal job guarantee since they address fundamentally different issues. Moreover, basic income should be means-tested rather than universal, which MMT economists argue is inflationary instead of stabilizing as purported. Since this is shaping up as a policy debate going forward as fiscal rises relative to monetary policy, it is useful to know both sides...

The politicians and media don't know what to make of a real person, a person with strong conviction, a combat veteran and a person of honor.  There aren't many of those around at the upper echelons of TPTB in America, where only money talks and the name of the game is power. "Sell, grandma?" "How much are you willing to pay?" Disclosure: As a Vietnam era vet — naval officer serving on a ship in the Western Pacific 1964-1967, I support her non-interventionist position. She is the only...

Due to the urgency of developing hypersonic technologies, both contracts used Other Transaction Authority (OTA) to bypass the usual procurement process to field the weapons faster.… Ka-ching!Zero HedgeUS Army Awards Two Key Hypersonic Missile ContractsTyler Durden

Trump wants to bring the jobs home. That means huge capital investment, ramp up of facilities, training workers, etc. All China has to do is redirect production from exports to domestic consumption, which will simply requires increasing domestic demand. The obvious way to do this is to reduce saving and increase spending by expanding social welfare, which an objective of the CCP anyway. And it's in the 5-year plan to shift emphasis from external to domestic and to gradually increase the...