Mike Norman Economics

 According to an industry leaker, Huawei may be the first manufacturer to announce a 3nm chipsetChip war heats up with new Kirin 9010 for Huawei

Review of Stephanie Kelton's The Deficit Myth and its application to India.The Hindu — Business Line (India)Dialectics of government deficitsS Adikesavan

On twitter AOC put out a video with her in her kitchen making dinner, while saying the problem was not left-wing or right-wing governments, it was about democratic, liberal governments and undemocratic authoritarian ones. She seemed to be implying that China, Venezuela, Bolivia, etc, were all in the firing line. So, she's another war-monger, a liberal interventionist. And I once admired Cenk Uygur too, but he's even worse.  Since comedian Jimmy Dore called on progressive members of Congress...

By deploying the brain’s ability to compress information and think abstractly, humans are the only animals on the planet who can simply make things up, agree on them as a group, and they become real. This “social reality” is a superpower that gives us far more control over reality than we might think."Reality," phenomenal that is, is subjective constructed socially and layered on physicality. The Author explains how happens through "the Five Cs: creativity, communication, copying,...

 A report that a fish can pass the “mirror test” for self-awareness reignites debates about how to define and measure that elusive quality.Very few animals have ever passed the mirror test for self-recognition — even most primates fail it. The news that a fish seemed to recognize itself in one recent study has made psychologists and animal behaviorists wonder anew what (if anything) the mirror test proves.A ‘Self-Aware’ Fish Raises Doubts About a Cognitive Test

Proper Balance Sheet under Accrual Basis or Cash Basis Accounting:

 Huawei is an independent, privately-held company. We are not owned or controlled by, nor affiliated with the government, or any other 3rd party corporation.In fact, Huawei is owned by our employees through an Employee Stock Ownership Program (ESOP) that has been in place since the beginning. No one can own a share without working at Huawei, and as of 2018 there were 96,768 shareholding employees. Our founder, Ren Zhengfei, owns a 1.14% stake in the company.Who owns Huawei?

The foreign minister noted that Washington may feel anxious about China’s “rapid development,” but he urged the US to focus on “self-improvement” rather than trying to “block” others from advancing. Wang stressed that as China becomes a larger player on the world stage, it will not attempt to emulate Washington’s behavior. We don't need a world where China becomes another United States. This is neither rational nor feasible. Rather, the United States should try to make itself a better...

 I agree with Yves' intro. Blah blah. But the article contains a short summary of the assumptions on which conventional (neoclassical) economics is based, and it is useful for that.The shortcoming of conventional economics is simple to diagnose. It is focusing overly on economic factors in complex adaptive social systems (human groups, societies) when other factors are not only relevant but also determinative, like social stratification, power, and distributional effects not only of income...

When using bookkeeping tools to do stock/flow analysis, it’s important to remember that we are just doing debits and credits and summing them up into stocks of debits and credits. We are using the tools of journals and balance sheets to do economic analysis.And that’s it. If you have experience of using these tools in other contexts beware of letting other matters from those contexts drift in. Chances are they don’t apply, or at least not in the way you think...New WaylandIt's Just Debits...