Mike Norman Economics

Huawei’s suppliers in Japan, South Korea, Taiwan (ROC), and Britain are examining if they can continue to make business with Huawei, while some have already declared a suspension in cooperation. The issue is that these non-American companies nonetheless use some American components of technology, and if they proceed they will be sanctioned by the US themselves. It is the same reason why Russia’s Sukhoi did not in the end sell its SSJ-100 airliners to Iran…. Apparently some have forgotten...

"Private enterprise" and "the free market" at work. Ain't capitalism grand.CounterpunchVicious Cycle: The Pentagon Creates Tech Giants and Then Buys their Services T. J. Cole

Worse than the headline. "Unequal treaties" is a hot button for all Chinese as being reminiscent of China's humiliation by Western "gunboat diplomacy." No way Xi can accede to US demands even if he wanted to without jeopardizing his position as leader. Trump was correct in claiming that China backtracked on previously negotiated points. Xi was told to forget it.Checkpoint AsiaXi Was Ready for a Deal With Trump, But the Party and the Politburo Overruled Him Katsuji Nakazawa See also...

Russia is adding warships to its navy faster than the US. The reason for that is simple, while the US is pouring $14 billion into the USS Gerald Ford carrier the Russians are building corvettes. A class of warships between 500 and 1,000 tons. Not only are they small, they are cheap. The newest class, Karakurt, sets back the Russian budget 2 billion rubles or just over $30 million at the exchange rates. These sound like puny vessels, except here is the thing: they can hit an enemy surface...

Die Zeit is somewhat similar to the NYT in the US in that it is centrist to left of center and intellectual. But it differs from the Time in not being considered the paper of record. It is published weekly rather than daily.Die Zeit is a major venue and their publishing this article by Warren Mosler is a big step forward for MMT in Germany.Die Zeit"Entweder wir glauben an die Demokratie oder nicht" Warren Mosler

Smackdown of US foreign and military policy and policymakers. Reminiscence of the FutureDaniel L. Davis Hits It Out Of The Ball Park.Andrei Martyanov

Some history of economics.Conversable EconomistOrigins of "Microeconomics" and "Macroeconomics"Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

Stephanie's new book is available for preorder. It should be a game-changer.The blurb reads, "Deficits can be used for good or evil." "Evil?" Probably few people know that German economic development post Weimar and rearmament in preparation for WWII was engineered under Adolph Hitler by Hjalmar Schacht, head of the Reichsbank (German central bank). Hitler is often associated with the Weimar Republic that destroyed the Deutsche mark (DM). Nothing could be further from the truth.  Under...

It is Wednesday today and a blog-lite day. An announcement and a few videos only. But plenty to occupy your time if so inclined. I have an important announcement to make, a video of our Birmingham event (May 11, 2019) and some music from one of the best guitar players. Thomas Fazi and I also have an article coming out in The Tribune magazine soon in response to a rather unsavoury and silly attack on Modern Monetary Theory (MMT) by an ex-advisor to the British Labour Party. There will also...

Chinese firm is a queen on tech chessboard, but Beijing will just tell its whiz-kids to reach the next level…. Asia Times Why capturing Huawei is no victory in tech war Pepe EscobarSee alsoZero HedgeWhite House Planned To Use Huawei As Trade 'Bargaining Chip'Xi Warns 'Prepare For New Long March' As Beijing Braces For Drawn-Out Trade FightBeijing Warns Of "Unwavering Resolve" In Huawei Fight, Accuses Washington Of "Bullying & Blackmail" "We Will Beat America Out Of Its Wits": China...