Back in 2009 or 2010, I became intrigued by what seemed to me to be a consistent correlation between the tendency of the stock market to rise on news of monetary easing and potentially inflationary news. I suspected that there might be such a correlation because of my work on the Great Depression inspired by Earl Thompson, from whom I first learned about a monetary theory of the Great Depression very different from Friedman’s monetary theory expounded in his Monetary History of the United States. Thompson’s theory focused on disturbances in the gold market associated with the demonetization of gold during World War I and the attempt to restore the gold standard in the 1920s, which, by increasing the world demand for gold, was the direct cause of the deflation that led to the Great Depression.
I later came to discover that Ralph Hawtrey had already propounded Thompson’s theory…
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When it comes to wind and solar, no country went harder or faster than Germany. As they say though, act in haste, repent at your leisure.
A grid on the brink of collapse and rocketing power prices is all that Germans have to show for their obsession about powering themselves with daily sunshine and occasional breezes.
Once again, nature’s wonder fuels have left German power consumers in the lurch. And, once again, its ‘dirty’ old coal-fired power plants prevented a return to the Dark Ages.
How Coal Saved Germany’s Summer
The Global Warming Policy Forum
31 August 2018
Where does the electricity come from when the last coal-fired power plant is shut down?
How safe is the electricity flow after leaving nuclear and coal power? The government relies on imports, the energy industry considers this very risky.
In mid-August, the Federal Environment Agency rejoiced that electricity generation from…
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“Radio messages for prisoners
Around 6,000 Palestinians are currently detained in Israeli jails, and one of the ways they get news from home is through Palestinian radio. Tala Halawa of BBC Monitoring is based in Ramallah and has been listening in.”
The introduction by presenter David Amanor (from 17:31 here) likewise did not bother to inform listeners why those people are serving time in prison or that over 2,000 of them are directly responsible for the murders of Israelis.
Amanor: “Tala Halawa of BBC Monitoring tells me, by the way, the number of Palestinian radio stations in the West Bank has been steadily increasing over the years and so has the variety of programmes aimed at prisoners – yes, prisoners. Around six thousand are currently…
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