Mike Norman Economics

Stephanie Kelton interviewed. Modeling this is a huge undertaking. The WeekMedicare-for-all has a modeling problem Jeff Spross

Here, Max Keiser describes George Osborne's Help To Buy ponzi scheme. Only 37% of people truly qualified, but builders and the more affluent made a fortune out of it, greatly pushing up property prices for everyone else too, all paid for by the British tax payer. It did not create jobs, help the economy, or increase Britain's GDP, says Keiser, it just paid rich bums to sit about all day on couches getting bundles of money for nothing.Rather than help people who couldn't get on the property...

It looks like the Chinese have some way to go to. Advances in quantum computers are going at double exponential growth, of which there is nothing like that in nature. I guess the thing is designing itself, and as it gets more clever at it, it gets even faster at doing it, and so on.Instead if 0's and 1's, each state can be a probability of being both noughts and ones at once, greatly increasing the speed at which a quantum computer can work.The science is getting spooky now, so let's hope we...

Qualcomm, AMD and Arm fear $200bn market swaying to homegrown rivals The strategy of the Trump administration only makes sense if the US can re-colonize China with its hybrid warfare — economic, information, and cyber. How likely is that?Nikkei Asian ReviewWestern chipmakers worry Huawei ban will only empower China tech Kensaku Ihara and Hiromi Sato | Nikkei staff writers alsoNo tariffs needed in China.Zero HedgeChinese Consumers Shun All American Products As Nationalism SoarsTyler Durden...

Russia has stopped using SWIFT and US dollars in weapon export contracts, Head of Russian Defence Export firm (Rosoboronexport) Aleksandr Mikheev told journalists during Army-2019 forum. He said that Rosoboronexport is now using national currencies instead of US dollars and emplyos a “closed system” of payments.... SouthfrontRussia Stopped Using SWIFT And Dollars In Weapon ContractsSee also at SFOn June 26th, Russian Defense Minister Sergei Shoigu gave a speech at the “Actual issues of...

Speech by Mr Guo Shuqing, Party Secretary and Deputy Governor of the People's Bank of China, at the Tsinghua PBCSF Global Finance Forum, Beijing, 25 May 2019. BISGuo Shuqing: Rejuvenation of China is unstoppableAlsoGuo Shuqing: Opening remarks - 11th Lujiazui Forum

  Positive reporting. MMT is now being taken seriously. BloombergWipe Out Student Debt and Everyone Wins, Says Bernie's Economist Katia Dmitrieva and Alexandre Tanzi

I recently received a copy of a most interesting book, A.B. Abrams’ “Power and Primacy: the history of western intervention in Asia” and as soon as I started reading it I decided that I wanted to interview the author and ask him about what is taking place in Asia in our times. This was especially interesting to me since Putin has embarked on the Russian version of Obama’s “pivot to Asia“, with the big difference that Putin’s pivot has already proven to be a fantastic success, whereas...

Until markets correctly evaluate true price based on true costs, negative externalities will continue to be socialized and the public, which now included everyone in the world, will pay the difference. This won't happen without institutional changes, including legal.Tax Research UKSustainable cost accounting – an introduction Sustainable cost accounting – the change needed to make business take the Green New Deal seriously Sustainable Cost Accounting: the paper supporting my...

While the Europhile progressives are publishing papers and holding talkfests to discuss their latest EU reform proposals, the on-going reality of the European Union continues to reveal itself – the pretense that there is a rule of law operating – as laid out in the Treaties and the idea that all are equal under that law. When I was researching my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale – and over the long period I have studied the concept of European...