My Guest for todays show is President of NORM Randy Cook.
The National Organization for Raw Materials (NORM) is an organization dedicated to scientific economic analysis and education. It was established more than 40 years ago as the successor to the Raw Materials National Council, which was formed in the 1930s. Its members, officers, and Executive Board members -- who finance the organization's annual budget through their dues and donations -- refer to NORM as a "think tank" focusing on the role of raw materials in the American and world economy.
NORM's analysis of the U.S. economy differs from mainstream economic analysis. It is not predicated upon any "economic theory" such as "Keynesian," "supply-side," "trickle-down," "monetarist," etc. In the 1930s, its founder -- Carl H. Wilken -- began his analytical studies with no pre-conceived ideas or economic theories. He simply wanted to scientifically analyze the economic records of the U.S. government to find out what "really" caused the Great Depression and to determine if a future depression could be prevented.
NORM members have faithfully stuck to Wilken's original premise: Scientifically studying the nation's economic record and interpreting it so that current and future policies will strengthen and stabilize the U.S. economy.
www.normeconomics.org
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