Mike Norman Economics

Hard to argue with the Dimon lede here.... Jamie Dimon: 'Regulation, bureaucracy, and stupidity' are what's wrong with America https://t.co/DDWKM4K8Jw pic.twitter.com/P8OkcfDT8t— Yahoo News (@YahooNews) July 3, 2019 Dimon obviously ripping off Mike's stuff.. here from 3 years ago; nothing has changed:[embedded content]

When the governments in the advanced nations abandoned full employment as an overarching macroeconomic objective, and instead, starting pursuing what I have called full employability, they stopped seeing unemployment as a policy target (to be minimised) and began using it as a policy tool to suppress inflation. As mass unemployment rose, the politics were massaged by the mainstream of my profession who claimed that the level of unemployment that constituted full employment had risen (this...

The Integrity Initiative has mobilized an international disinformation campaign across Europe. Now, with government and right-wing foundation money, this massive “political smear unit” is infiltrating the US. Here, you get to read about chilling, pure evil again. A vipers den of swamp creatures, spooks, creeps, and weirdos. And it's all mixed up with the Tories, along with top journalists and media outlets.  I kind of get the feeling that when we have all gone to bed at night and are...

There's some pretty nasty people mixed up in all this, I bet! The people working to expose this are brave. That’s certainly the case in Delaware, a small American state with a reputation as a tax haven. There, Ukraine’s largest bank finds itself at the center of a case that could expose the biggest money-laundering scheme in world history. PrivatBank, currently state-owned, is suing its former owners, oligarchs Igor Kolomoisky and Gennadiy Boholyubov, as well as multiple business...

Noel Edmunds says how nobody believed him when he told them that Lloyd's Bank was a criminal outfit, but now the truth is coming out. It is a criminal organisation on a massive scale, like Deutsch Bank.He says that over the next few months there will be many arrests at Lloyd's bank, but he fears that those at the very top will probably get away with it as usual.Lloyd's Bank employees forged signatures and invented non existant employees so they could get people thrown out of their homes or...

"Low-level corruption" at high levels. What is "low-level corruption"? No illegal but unethical owing to conflict of interest and principal-agent problem, the principal being the public and the agent being their representative in government. Craig Murray BlogBought PoliticiansCraig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee

But the trip would probably be more interesting for another species of traveler: the economics tourist. You might not see a lot of postcard-worthy views, but you will learn something about the structure of the Chinese economy. Andrew Batson's BlogWhat you can see from the high speed train to Beijing Andrew Batson

G Carchedi and I are working on a paper on the economics of imperialism that covers measuring unequal exchange in trade, factor income flows on the current account; and foreign investment on the capital account. We reach similar conclusions to Ricci in that imperialism is alive and well and inequality between the imperialist economies and the rest is just as wide as it was 100 years go. Value produced in the dominated countries get appropriated and transferred to the imperialist economies...

The focus of my upcoming book is on recession forecasting, and not policy responses towards recessions. However, I expect that this is a subject of interest to many of my readers, so I will offer a brief outline of some of the literature. (Note: this is an unedited first draft of a section from my manuscript book on recessions. For a typical standalone article, it is too long. However, I do not want to spend time stripping out information that should appear in a book. I could have split it...

Inside China's 'thought transformation' camps - BBC News [embedded content] This video by the BBC is pure propaganda, which has been designed to make people absolutely hate the Chinese. Just listen to the narrator, who sounds like a very nice, middle-class, well educated English guy who would never lie.The documentary makes out the Chinese as being entirely bad with no redeeming values, while the good middle-class documentary maker seems to stand for good British values of honour,...