Mike Norman Economics

As energy or trade corridors, the fact is both Chennai-Vladivostok and Belt and Road spell out Eurasia integration. India in this particular case will profit from Russian resources traveling all the way from the Arctic and the Russian Far East, while Russia will profit from more Indian energy companies investing in the Russian Far East. The fine-print details of the Russia-China “comprehensive strategic partnership” as well as Russia’s push for Greater Eurasia were also discussed at length...

Since various economics professors noticed that Marxists had been publishing articles showing, from empirical data, that the labour theory of value was right[ 5,3,4,6,1 7,2 ], they have felt the need to come up with objections. Whilst in the past the objections economists raised to the labour theory of value were purely abstract and theoretical, now they had a harder job. They now had Marxists producing actual figures which they had to cast doubt on.  The objections raised by economists...

All but one have been preceded by a decline in Real Gross Private Domestic Investment, which we have just observed. One indicator is hardly definitive, and presently, the economy is strong, with fiscal flows very positive. Nevertheless, private investment along with government spending drives and economy, and in the case of a net importer, it offsets demand leakage from a trade deficit. A trade deficit is offset by a fiscal deficit, but the targeting of the spending determines the...

Today, we at Architects & Engineers for 9/11 Truth are pleased to partner with the University of Alaska Fairbanks (UAF) in releasing the draft report of a four-year computer modeling study of WTC 7’s collapse conducted by researchers in the university’s Department of Civil and Environmental Engineering. The UAF WTC 7 report concludes that the collapse of WTC 7 on 9/11 was caused not by fire but rather by the near-simultaneous failure of every column in the building.  Download the...

At least one mainstream economist is engaging with MMT. Eric Tymoigne is his go-to guy on MMT. They have kindly let us in on their conversation.MacroManiaA conversation with A conversation with Eric Tymoigne on MMT vs SMTDavid Andolfatto on MMT vs SMTDavid Andolfatto | Vice President, Federal Reserve Bank of St. Louis

Much like in the first Gilded Age, antitrust enforcers today are hitting labor, not capital. This is thanks to Robert Bork’s radical and influential reinterpretation of antitrust law. In helping successfully rewrite antitrust, Bork left a legacy of corporate supremacy and individual powerlessness. Yeah, that Robert Bork as it "getting borked."PromarketHow Robert Bork Fathered the New Gilded AgeSandeep Vaheesan

Donald Trump regards himself as the world's best negotiator. He obviously had never been to an Iranian market.LobeLogWhy Iran’s Strategy of Reversible Escalation Is Working Eldar Mamedov See alsoValdai AnalyticsIran and the West: Where Does the Tanker War Lead? An Expert Discussion

Inquiring minds would like to know. The media conjured up Russiagate while ignoring the obvious — the Nazi resurgence and Neo-Nazism.RTUkraine's Nazis: Who are they, why are they so influential — and why have media ignored them?

Desperation make one look weak and stupid. Wrong message.The interesting thing psychologically is that it implies that the one making the offer is money-driven and has little appreciation of honor. Selling out is just another part of the game in this twisted view.OilpriceUS Offered Millions To Captain To Help Seize Iranian Oil Tanker Tsvetana Paraskova See alsoSI'B-Team Gangsters': US Confirms Trying to Bribe Captains of Iranian Tankers, as Tehran Decries 'Blackmail'also If at first you...

What could go wrong dispensing with licensing?Looks like the bugs haven't bee worked out yet. Roll out premature? The courts will decide.However, public safety is chiefly a government responsibility. Was the political process corrupted in lax regulation?Zero Hedge14 Women Sue Lyft, Claiming It Is Ignoring A "Sexual Predator Crisis" Among Its DriversTyler Durden