Mike Norman Economics

Liberal Art trained on steroids AOC (ALERT: figurative language here morons, I don't actually think she is on PEDs) chiming in on cue with more figurative language in this typical form of an analogy we often see from MMT people; seemingly trying to correct the "out of money!" reification error continuously being made by the fellow Liberal Art trained moron policymakers with this analogy: "how come when we need money for [insert non-left-wing priority program here], you never see them say...

Art of the Deal:I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy - on a two-year Budget and Debt Ceiling, with no poison pills....— Donald J. Trump (@realDonaldTrump) July 22, 2019 Mike's initial take: [embedded content]

Preliminary probe into the incident has suggested the “existence of an electromagnetic attack that sought to affect the hydroelectric generation system of Guayana, the main provider of this service in the country,” the minister told state channel VTV. While authorities are struggling to resolve the crisis, the US-backed opposition leader Juan Guaido has used the power outage to once again attack his political opponent, accusing President Maduro of “destroying” the country's electrical...

This is a big development and will have important market effects.

A conservative case for welfare economics based on incentives and initiative. Worth a read. It's applicable to a job guarantee.Naked CapitalismIncentivizing an Ethical Economics Simon Szreter, professor of history and public policy at Cambridge University, fellow of St John’s College and co-founder and editor of www.historyandpolicy.org; Hilary Cooper, an economic consultant, researcher, former government economist and senior policymaker; and Ben Szreter, chief executive of a...

The Unz ReviewXinjiang UpdateChina Trade War: America's Policy Dilemma Hong Kong's Poisoned Chalice Uyghurs, Political Islam & the BRI Godfree Roberts

The problem is not so much with the modeling, actually. People are free to construct any models that please for whatever reason. The problem is with the conclusions that are drawn from the model when they exceed the limitations of the of the assumptions.This is not a problem with modeling but with logic. Drawing conclusions that exceed the scope and scale of the premises in a context other than the model is flat out illogical, and any inferences drawn on this basis are unsound, that is, do...

DR Gabor Maté is a Jew and is the father of Aaron Maté. He gives a good critique of neoliberalism here too, but I think he's a bit hard on Putin. [embedded content] We speak to Dr. Gabor Maté on the Tory leadership election and his opinion on favourite-to-win Boris Johnson, Anti-Semitism allegations against Jeremy Corbyn, crimes of Israel against Palestinians, capitalism and its creation of social problems, the Democratic Party and how it lost to Donald Trump and how it uses Russiagate to...

Politics doesn't get uglier than this. The West backs the fascists. The Ukraine, translated as 'the borderlands,  lies between core Russia and the Europe's western states. It is a split country. Half the population speaks Russian as its first language. The industrialized center, east and south are culturally orthodox Russians. Some of its rural  western parts were attached to the Ukraine only after World War II. They have historically a different culture. The U.S., supported by the EU,...

I think this article is partially true as an articulation of one factor in a complex and emergent challenge. It is from a conservative think tank and was published in Foreign Policy (CFR organ behind a paywall). My take is as a have been saying, following Alexander Dugin. The underlying dynamic of the 19th century was socialism-capitalism and its political manifestation as communism-fascism versus liberalism. The fundamental dynamic in the early 21st century is the historical dialectic...