Mike Norman Economics

Intellectual "property." Electronic Frontier FoundationLife-Altering Copyright Lawsuits Could Come to Regular Internet Users Under a New Law Moving in the Senate Ernesto Falcon | Legislative Counsel at the Electronic Frontier Foundation with a primary focus on intellectual property and open Internet issues.

The effect of these events on oil prices has been more marked than OPEC+’s largely expected decision to extend the oil production cuts of 1.2 million bpd into the first quarter of 2020. Pricesspiked towards the end of June, when reports began emerging that insurers are upping their premiums for tankers passing through the Strait of Hormuz and they haven’t fallen much from that level. The effect events in the Persian Gulf and the Gulf of Oman from the last two months have had on oil prices...

Cleaned up today in Canadian dollar.

This is a reasonably good assessment of Russia in terms of what it is now, it's past and it's forward trajectory. The one matter with which I would strongly disagree is Tenin view that Russia will never be a super-power again. Russia is a super-power now. It is the only country with the means to counter the US militarily. Although China is rising quickly, it likely won't become a superpower in a decade or two. But a strategic alliance between Russia and China would defang NATO's ability to...

The title might be a bit too strong. A better title might be, Is democracy all it's cracked up to be? The upshot is that the marriage of economic liberalism ("free market" capitalism) and political liberalism (democracy) may not be as efficient and effective as assumed. If much of the allure of democracy has been higher GDP per capita then the allure has been a mistake of confusing correlation for causation. A fortunate mistake but a mistake. The literature on democracy and growth implies...

Rebuffed by the EU, NATO-member Turkey pivots away from the West toward Eurasian integration. Russia and China smile. US scowls. Iran in play.Asia TimesSultan shines in the court of the Dragon KingPepe Escobar

Chinese public companies are borrowing from the private sector, while private sector business is borrrowing abroad in foreign currencies. What are they thinking over there? Asia TimesWhat bond markets tell us on China’s economy Alicia García Herrero

More UK politics than MMT, but worth reading for Bill's take on British democracy. He also has some interesting words on Edmund Burke and his contemporary applicability.Bill Mitchell – billy blogBritish Labour surrenders to the middle class and big business interestsBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Commie USD zombies still hard at it: Forget the Fed - China Is Easing Again https://t.co/zvB6z3NSmp via @smartkarma #Fed #China — CrossBorder Capital (@crossbordercap) July 3, 2019 Bank capital available to instead finance productive activities will remain deficient:#Fitch Ratings:#China’s economy to slow from 6.2% this year to 5.8% in 2021;What’s available in banking system is not sufficient to support large-scale lending designed to prop up economic growth, as regulators have required...

Host Ross Ashcroft is joined by the journalist and Middle East based commentator Sharmine Narwani to discuss how Iran and the Middle East is reshaping the world order. Iran is fast developing its own science and technology, says Sharnine Narwani, and so won't it won't be a such a large market for Western made goods anymore. Third world countries developing their own technology has always bothered the West, and so they have always done their best to keep these countries backward and under...