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Mike Norman Economics

Lars P. Syll — Arrow-Debreu and the Bourbaki illusion of rigour

It's about mathematical economics and its limitations. Don't let the title scare you off. Not at all wonkish (no math), although it helps if have some background in the controversy.Basically, it's Plato (formalism) versus Aristotle (empiricism). Most mathematicians today are Platonists, while most scientists are Aristotelians. But that is another story.Lars P. Syll’s BlogArrow-Debreu and the Bourbaki illusion of rigour Lars P. Syll | Professor, Malmo University

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Caitlin Jonestone – The Just World Fallacy: Why People Bash Assange And Defend Power

Caitlin Jonestone explains how propaganda works, that people blame the unfortunate and those who are are the victims of what is wrong in our society on them, and so the poor are 'undeserving' and Jullian Assange is suffering because he did some 'bad things'. And so Iraq is in the mess it is today because it is a bad country with bad people (poor Muslims), and not because it has always had its economy wrecked by the West, its dictators installed by the West, and then, finally, attacked and...

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Nothing has Changed: Libertarians losing their $hi+

Wow the libertarian House Freakdom Caucus is really losing their shit (ALERT Art trained morons: Figurative Language, I mean they are exceedingly upset and irritated, not really having uncontrolled bowel movements...) over the Trump budget deal:The Freedom Caucus took an official position OPPOSING the budget agreement.Our country is rapidly approaching $23 trillion in debt. We should be negotiating a responsible budget that serves taxpayers better—not raising spending by $323 billion with...

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Hedge Fund Losses

These guys should just subscribe to Mike's report and they'd be doing a lot better financially... Wow Bridgewater probably 25% below S&P 500 returns so far this year: Bridgewater’s flagship Pure Alpha fund lost 4.9% in the 6 months through June, the FT reports https://t.co/iL9MAuDoB4 — Bloomberg (@business) July 21, 2019 Druckenmiller also all pissed off and negative in view of the Trump budget deal so he is probably short/neutral and suffering from TDS: Stanley Druckenmiller on...

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Aaron Maté’s Questions for Mueller

Aaron Maté singlehandedly exposes the Robert Mueller investigation for the nonsense it is. The quality of the alternative media is so good, and all of it ignored by our comic book MSM.  [embedded content] On the eve of the Robert Mueller hearings, Aaron Maté shares his top questions for the now former Special Counsel and savior figure. Read Aaron's article in The Nation: "These Questions for Mueller Show Why Russiagate Was Never the Answer" https://www.thenation.com/article/que...

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Voodoo economic revisionism abounds – and it is not MMT doing the voodoo Bill Mitchell

The epithets being used as put-downs for Modern Monetary Theory (MMT) are growing. But some of the good old terms – that one might actually apply to mainstream macroeconomics – are also in currency. An article in Project Syndicate (May 27, 2019) – Japan Then, China Now – declared MMT to be “the latest strain of voodoo economics” that is “alluring for the Trump administration”. The article by a Yale University lecturing staff member (and former investment banker) really just reminds us why...

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Links — 22 July 2019

Dances with BearsMH17 EVIDENCE TAMPERING REVEALED BY MALAYSIA – FBI ATTEMPT TO SEIZE BLACK BOXES; DUTCH COVER-UP OF FORGED TELEPHONE TAPES; UKRAINIAN AIR FORCE HID RADAR RECORDS; CRASH SITE WITNESS TESTIMONY MISREPORTEDJohn Helmer Antiwar.comTrump: ‘OK’ With a War Against Iran NowJason DitzGeopolitikaWestern NGO's: intervention in other way Leonard Savin India PunchlineBelt and Road takes a leap forward to the GulfM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service...

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Afghanistan

Trump update on his policy on the Afghanistan "war" situation. Could kill 10 million of them in a week or so but he doesn't want to do that... sounds like he's getting out instead...Trump is saying he has plans that could win the 18-year Afghan War in 10 days, but it would wipe Afghanistan off the face of the Earth and kill 10 million people, so he doesn't "want to go that route."He's teasing nuclear war like it's the next season of the Apprentice. pic.twitter.com/1x77iM3x2S— Amee...

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