Mike Norman Economics

Good read. Explains MMT in terms of its history. Insights — Investment Innovation InstituteMMT – In Conversation with Bill Mitchell Wouter Klijn

It is Wednesday and only a relatively short blog post. Yes, some more on that Fiscal Rule that seems to be causing people to lose sleep (not me). First, we had the Duck Test debate about the British Labour Party Fiscal Credibility Rule. Those promoting the Rule have been at lengths to deny its neoliberal framing, language and concepts. Not an easy task when the Rule talks about a currency-issuing government wanting to avoid “putting the rent on the credit card month after month”. Sounds...

I got this email from Greg Palast today, who seems to be trying to contact his daughter through the public domain. I was really touched by it. Greg Palast is a great guy.A dad couldn't ask for more.  My daughter wrote an essay, "The Best Dad in the Whole World."  It went on, story after story, about the unforgettable things we did together.Here’s a few seconds from the poem she added: [embedded content] That was ten years ago.  The last thing she wrote to me, this year, was, "I don’t have a...

And there's lots more to come, says Glenn Greenwald, and they are sitting through it all now making sure if is factually correct before they put it out. This is the sort of stuff our media should be printing. Doesn't it make you mad that there is really good news out there but they print fake news instead. [embedded content] The Intercept and the Intercept Brasil published a series of exposés that has created a major political earthquake in Brazil. In less than a week, the...

A new investigation has exposed members of Venezuelan coup leader Juan Guaidó’s inner circle for embezzling tens of thousands of dollars designated for humanitarian aid and spending it on luxury goods and lavish accommodations for themselves. Guaidó had been aware of the fraud for weeks and stubbornly defended his cohorts until a leak from Colombian intelligence forced him to acknowledge the scandal.... The Gray ZoneFrom coup leaders to con artists: Juan Guaidó’s gang exposed for massive...

Would the Guardian, or any of the MSM ask these simple and obvious questions that Craig Murray asks.  A Twitter post the other day printed documents that showed that the Guardian editors regularly met with MI5 and MI6. It seems that the Guardian was taken over by the intelligence a long time ago.  In the UK Conservative politicians and the MSM are calling Jeremy Corbyn a traitor who is disloyal to our allies. The Times did a bit piece on him today saying that doubting the U.S. evidence was...

Add technology warfare to economic warfare, information warfare, and cyberwarfare in the arsenal of hybrid warfare. The main battle between the US and China today is for the position of global technology leader. It is believed that the victor on this front will be whichever country provides the best conditions for developing such advanced industries as artificial intelligence and 5G. And these are exactly the Chinese industries that the US is trying to damage by raising tariffs on high-tech...

Stephen Adler (lead image), the American chief executive of Reuters news agency, has ordered into publication three US Government-directed stories targeting the Russian oil company Rosneft — the first in mid-April, and two published over the past week. Adler’s operations support US coup plans in Venezuela and US sanctions against Rosneft and its chief executive, Igor Sechin. The three publications — the first already corrected by the news agency; the second commissioned from a writer...

And why the liberal West could be sorely disappointed in the result if it did, owing to wishful thinking based on erroneous assumptions about China. Marginal RevolutionWhy China is not close to democratizingTyler Cowen | Holbert C. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center

The Russians are just like us. St Petersburg is beautiful, and so is Marina! [embedded content]