Mike Norman Economics

Common DreamsThe So-Called War on Terror Has Killed Over 801,000 People and Cost $6.4 Trillion: New Analysis Jessica Corbett Bill Totten's Weblog (Simplification but useful for those with little background in this)American Values, Chinese Values Professor Joseph H Chung Global Research (December 17 2019) Econospeak [Probably a combination of the two with other factors also]Is The Chinese Economic System the "Mandarin Growth Model" or the "Chinese-Style Keiretsu System"? J. Barkley Rosser...

I have been commissioned to write the Introduction (Preface) to the upcoming book – The Last Colonial Currency: A History of the CFA Franc – by Fanny Pigeaud and Ndongo Samba Sylla, which is an English version of the original 2018 book, L’arme invisible de la Françafrique. It will soon be published by Pluto Press (UK) – as soon as I finish this introduction. The book is incredibly important because it shows the role that currency arrangements play in perpetuating colonial oppression and...

The assassination was intended to escalate America’s presence in Iraq to keep control the region’s oil reserves, and to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America’s foreign legion) to support U.S. control o Near Eastern oil as a buttress o the U.S. dollar. That remains the key to understanding this policy, and why it is in the process of escalating, not dying down.  I sat in on discussions of this policy as it was...

Most debates around Modern Monetary Theory (MMT) revolve around the role of operations and the meaning of the “fiscal constraint”: what are the limits on fiscal policy? (The focus on this one topic is either the result of this being the most interesting topic, and/or critics not being bothered to read anything else in the MMT literature.) These debates are typically uninteresting, because they end up being purely semantic debates, and the two sides actually agreeing on the underlying...

The world is getting more complicated. It sounds like a good idea, but some people mignt have trouble finding a partner if it gets out they have some dodgy genes.Your genetic code will remain confidential, and the app will only warn you of a bad match. "About 5 percent of children are born with a severe genetic disease, and so that means you're compatible with about 95 percent of people," Church said on "60 Minutes." "We're just adding this [tool] to all the other dating criteria."...

Looks like the Trump people are teeing up the Iran oil industry... To the Iranian government: If you want to stay in the oil business leave America and our allies alone and stop being the largest state sponsor of terrorism in the world. — Lindsey Graham (@LindseyGrahamSC) January 3, 2020

Bill Totten's WeblogChina’s YiWu: Business Models You’ve Never Even Heard of Larry Romanoff Originally at Global MonitorFast CompanyTo learn how police use facial recognition, we must ask the right questionsRob Pegoraro Angry Bear Killing Abu Mahdi Al-Muhandis J. Barkley RosserConsortium NewsPEPE ESCOBAR: US Kick Starts Raging ’20s Declaring War on Iran Reminiscence of the FutureA Delusional VP.Andrei Martyanov Sputnik International'And He Shot Lincoln, Yeah?' Twitterstorm as US VP Mike...

Oil export capacity of the new Corpus Christi port facilities is soaring...  Mike reporting crude exports thru the roof last EIA report here from Mike this week: Crude exports surged by 1.065 mbd to 4.462 mbd, a record. Product exports were down 57k bpd to 5.672 mbd. The combined crude and product export total was 10.134 mbd, a new record. Things Have Changed - New Terminals Boost Corpus Christi Crude Oil Exports - RBN Energy https://t.co/qF0kyYKSCD — MidstreamEnergy News...

The morons can't understand the abstractions of the Accounting Science so they have to think they are REAL...This is exactly what the Fed began doing in September with its "temporary" open market operations. https://t.co/zOnrTFvlq8— Luke Gromen (@LukeGromen) January 4, 2020

I don't have a big problem with this, which may surprise some since I self-identify as a libertarian of the left. How can this be consistent with personal freedom? The reason I don't have a big problem with it is three-fold. First, new technology will be used. End of discussion. The second reason is related to this. China is up-front about it and the West is not. There is virtually "total information awareness" in the West in the newly emerging surveillance state owing to the...