How Long Would You Survive on Mars?

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My Paper “The Fisher Effect and the Financial Crisis of 2008” Is Now Available

Uneasy Money

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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German Wind Power Fails Again: Coal-Fired Power Prevents Return to Dark Ages

STOP THESE THINGS

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
Andreas Mihm
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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BBC WS airbrushes terror out of a story about Palestinian prisoners

BBC Watch

The September 7th edition of the BBC World Service radio programme ‘The Fifth Floor’ included an item described in its synopsis as follows:

“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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Why is the dangerous Anjem Choudary being released onto our streets?

The Secret Barrister

Anjem Choudary, the Islamist preacher convicted in 2016 of inviting support for Islamic State, is to be released from prison next month, despite being described by prisons minister Rory Stewart as “genuinely dangerous”. How, it has been (not unreasonably) asked, can this be? And what, if anything, can be done about it?

The first rule of Law Club is that you do not talk about Law Club, or at least do not talk about law cases until you have read any available judgment. To this end, the sentencing remarks of Mr Justice Holroyde when passing the 66-month (5 and a half year) sentence on Choudary in September 2016 are essential. They tell you most of what you need to know about the facts and the way in which the judge approached the sentencing exercise. But to supplement them, some further legal background may help.

Any defendant sentenced to a…

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