Mike Norman Economics

I can tell you I take no pleasure at all in being in a situation of contradicting the president, so it was really something that you didn’t feel you could actually say something and there wouldn’t be any repercussions about it,” he said. “The idea that you can get up here and talk about what you know, what the evidence and science is, and know that’s it — let the science speak — it is somewhat of a liberating feeling.”...The HillFauci says it's 'liberating' working under BidenJonathan...

Finance capital rules!Wall Street On ParadeMcConnell, Heavily Funded by Wall Street, Is Blocking Seating of Democrats as Senate Committee ChairsPam Martens and Russ Martens

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