Mike Norman Economics

Australians could soon be deprived of Google’s ubiquitous search engine, with the web behemoth threatening to cut off service should lawmakers pass a hot-button measure forcing tech firms to cough up revenue to media outlets.As Australian legislators continue to debate the controversial law – which would compel internet platforms to hand over a cut of revenues to press agencies for sharing their content – Google stepped into the fray on Friday, insisting the move would make its operations...

Spokespeople from one of Venezuela’s flagship communes discuss the building of a communal city and the path towards Chávez’s communal state.…I believe that it is very important to understand that Bolivarian socialism is built from below, from the bases. It is not imposed by decree, and that is why it must express itself as a government that responds to the interests of the people.The communal government – constituted by the people, by the pueblo, by the spokespeople of the communal councils...

 Judge Richard Posner used to be a hard-nosed Chicago School jurist and legal theorist. Until he actually read the General Theory. While this is old news, it is worth rereading and if you haven't seen it yet, reading for the first time.Lars P. Syll’s BlogHow Richard Posner became a KeynesianLars P. Syll | Professor, Malmo University

While this is a human-interest story about Tibet, it is also significant for two other related reason.The first is that the Chinese are learning to capitalize their rich cultures, for example, through adventure tourism.The second is that they have their own "cowboy" myths, which some of the subcultures fit very well. This post is about one of them.Most Westerns are likely familiar with this through martial arts films, the Samurai films of Japan, and the Kung Fu films of China (mostly Hong...

Good sign here... and that this is happening in middle of winter.... maybe mRNA vax on top of antibodies finally disrupting transmission...  I’m assuming this is opposite of what is happening in Europe...Virus case growth now declining in 46 states … 42 of them have seen 7d case average fall > 10% from prior week; for U.S. overall, 7d average is -20% from week ago @COVID19Tracking @Bloomberg pic.twitter.com/V7LOwujb5Z— Liz Ann Sonders (@LizAnnSonders) January 22, 2021

Galileo’s stuff apparently was presented as dialogue in 1632....  nothing changed for centuries.... still riding horses for centuries.... slave labor..., .. obviously didn’t work... dialogic method still doesn’t work today... but Art Degree people keep trying to employ it expecting a different result...Deconstructing the Dialogue! Galileo's Masterpiece: On Two Chief World Systems ? https://t.co/fQVhZyIIru pic.twitter.com/4I00TIIu8U— Brian Keating ? (@DrBrianKeating) January 20, 2021

The only true way to burden future generations is to consume real assets to the point where they cannot be replaced and shortages are the norm. Or, destruction of the environment. Government deficits do not present a burden to future generations. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter...

Balance of power is based on parity. US policy is dominance. Dominance is about submission. The quest for dominance is leading to an arms race involving Russia and China. While neither Russia nor China wants to engage in an arms race, the economic incentive for the US to do so is strong owing to the MIC and military Keynesianism.Strategic Culture FoundationWhy Russia & Belarus Are Not Irrational to Fear Another ‘Operation Barbarossa’Eric Zuesse

The European Court of Human Rights (ECHR) has declared unfounded the accusations of Georgia against Russia in connection with the events of August 2008 in South Ossetia, the press service of the Russian Ministry of Justice reported.It is noted that on January 21st, the decision of the Grand Chamber of the ECHR on the interstate complaint “Georgia against Russia (II)” was published, the subject of which is the events of August 2008 in South Ossetia and their consequences.The Court asserted...

As the Exceptional Empire gets ready to brave a destructive – and self-destructive – new cycle, with dire, unforeseen consequences bound to reverberate across the world, now more than ever it is absolutely essential to go back to the imperial roots.The task is fully accomplished by Tomorrow, the World: The Birth of U.S. Global Supremacy , by Stephen Wertheim, Deputy Director of Research and Policy at the Quincy Institute for Responsible Statecraft and a research scholar at the Saltzman...