Mike Norman Economics

An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.

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Tuesday, April 13, 2021

Andrew Batson — Blog China’s fiscal policy and the new rhetoric of inequality

The Chinese Communist Party is now ideologically committed to reducing income inequality. That the previous sentence is not in fact a meanin...

Annie Jacobson: Secret History of the CIA

Some of the discriminatory challenged people here would do well to watch this presentation... it’s USC Title 10 vs Title 50, ie they are t...

Sitrep China : Smörgåsbord of notable international data points (and a little opium war) — Godfree Roberts

Selections from Godfree Roberts’ extensive weekly newsletter: Here Comes China. The Vineyard of the Saker Sitrep China : Smörgåsbord of nota...

China Still Needs Expansionary Economic Policy — Yu Yongding

To consolidate its post-pandemic growth momentum in 2021, China should not be in a rush to exit from expansionary fiscal and monetary policy...

The Changing Face of Imperialism: Colonialism to Contemporary Capitalism — Sunanda Sen and Maria Cristina Marcuzzo

How is imperialism relevant today? How has it mutated over the past century? What are different theoretical and empirical angles through whi...

Bill Mitchell — The cat is progressively getting out of the bag–Part 2

This is the second and final part of my discussion of the – Economic Affairs Commitee (House of Lords) – hearings into – Quantitative Easin...

Australian hostility to electric cars

Tesla should fund the production of a Road Warrior 2 where an aging Mel comes back years later and defeats the whole gasoline shortage mem...

Monday, April 12, 2021

Deontological Rivalry Pits East Against West — Stephen Karganovic

I have been noticing that Russians view this a religious war, with "God-less liberalism" pitted against Orthodox Russia. They see ...

International Crisis Looms as NATO to Hold Emergency Meeting With Ukraine — Rick Rozoff

Lavrov added this uncharacteristically blunt statement: “We are asked what Russia is doing on the border with Ukraine. The answer is very si...

Why is the US Involving Turkey in Afghanistan? — Salman Rafi Sheik

Turkey and Russia are ancient territorial adversaries and Turkey's alignment with NATO and Ukraine is no accident. The US knows this, of...

Sputnik — US Attache [Army Col. Brittany Stewart] Showed 'Incredibly Bad Judgment' Wearing Death's Head, Military Analysts Say

Bad judgement? If you want to engage Russians — just about all of them — wear Nazi symbols on a uniform while facing off with them. The dea...

Statistical Modeling, Causal Inference, and Social Science — Is explainability the new uncertainty?

This is Jessica. Last August, NIST published a draft document describing four principles of explainable AI . They asked for feedback from th...

Secretary of State Blinken Throws Down the Gauntlet to China and Russia… Again — Rick Rozoff

More bluster. Defend Democracy Press Secretary of State Blinken Throws Down the Gauntlet to China and Russia… Again Rick Rozoff Also at DDP...

RT — Fed Chair warns cyberattacks pose biggest threat to US economy

Issuing a warning, the head of America’s central banking system said, the risk that the Federal Reserve is keeping its “eyes on the most now...

RT — Banker candidate scores surprise win in Ecuador presidential election amid massive ballot-spoiling campaign

Lasso, a career banker, promised to offset the economic damage done under Moreno by doing a better job in attracting foreign investment and ...

Caitlin Johnstone — “CHINA BAD”, And Other Notes From The Edge Of The Narrative Matrix

Reminding of the insanity that passes for expertise and "gravitas." CaitlinJohnstone.com “CHINA BAD”, And Other Notes From The Edg...

Some Issues Of Numbers — Andrei Martyanov

It is good that [Col.] Douglas Macgregor goes on record in this case and underscores the fact that Russia can and will, God forbids it come...

ECNS.cn — S China's Hainan becomes magnet for global capital

The explosive growth in foreign capital at Hainan FTP features three aspects: foreign capital utilization, the sharp increase in foreign inv...

Notes On Shelter Costs — Brian Romanchuk

Shelter is a necessity, and so it is certainly an important component of the cost of living. However, the issue that we are concerned with i...

The War Nerd: Taiwan — The Thucydides Trapper Who Cried Woof Gary — Brecher [John Dolan]

Longish, but detailed and well-written. Good backgrounder. Naked Capitalism The War Nerd: Taiwan — The Thucydides Trapper Who Cried Woof Gar...

Sunday, April 11, 2021

The cat is progressively getting out of the bag–Part 1 — Bill Mitchell

Remember on February 3, 2021, when the RBA governor Philip Lowe spoke at the National Press Club in Australia and told the audience that the...

Why It Is Not Advised — Andrei Martyanov

That is why the appearance of those two US destroyers in the Black Sea is, literally, for the appearance primarily and for trying to collect...

Zero Hedge — China's Digital Yuan Comes With An Expiration Date

ZH's angle but some interesting facts too. Looks like the pilot is on target and rollout may be soon. There is one final, geopolitical r...

Enduring Relevance: Samir Amin’s radical political economy — Ingrid Harvold Kvangraven et al

Taking an integrative approach to the world system. At a time when much of social science has come to be centred around either methodologica...

Powell on 60 minutes

Powell interviewed on 60 minutes tonight... clip here with Art Degree moron ofc asking "where does IT come from?” in typical reifica...

Part VIII: What Marx Got Wrong — Robert Paul Wolf

A number of readers have raised important questions that I need to address, but before turning my attention to that I have decided to finish...

Currency Value, Productivity, and a Currency’s Command over Use-Values — Peter Cooper

In general terms, Modern Monetary Theory (MMT) defines the value of the currency as “what must be done to obtain it”. As MMT authors have no...

Senator Manchin, in threat to Biden agenda, opposes reconciliation, backs filibuster

Without trashing the filibuster it would most likely mean we would be waiting until at least the beginning of the next FY for any more stim...

Saturday, April 10, 2021

CELINE CASTRONUOVO - China says US has caused humanitarian disasters through military interventions

The group argued in the report that "apart from being directly involved in wars, the United States has intervened in other countries&...

Sputnik International — 'Grave Mistake': Biden’s Proposed Military Spending Dismays Democrats and Republicans Alike

753 billion, with 715 billion for the Pentagon. How much more in military spending that is not budgeted as military, e.g, nuclear falls unde...

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