Nothing like a good book burning
07 Jun 2023 Leave a comment
in liberalism, libertarianism, politics - USA Tags: free speech
Invasion by Air – D-Day [Part 1]
07 Jun 2023 Leave a comment
in defence economics, war and peace Tags: D-Day, World War II
06 Jun 2023 Leave a comment
in economics of education, economics of media and culture Tags: health and safety
The Moment D-Day Was announced
06 Jun 2023 Leave a comment
in defence economics, war and peace Tags: D-Day, World War II
HIMARS and Storm Shadow: Ukraine’s Once and Future MVPs
06 Jun 2023 Leave a comment
in defence economics, war and peace Tags: Ukraine
Roosevelt blasted Hoover for spending and taxing too much
05 Jun 2023 Leave a comment
New Zealand along with Australia had the fastest recoveries from the great depression because they cut government spending by 20%. New Zealand even reduced its debt payments by 10%, it defaulted partially.
The article containing that quote, Great Myths of The Great Depression has been around since 1998, but it’s always good to put it in front of people repeatedly because there myths don’t die easily.
For example, Old Leftists like Chris Trotter will always bring up the First Labor Government in NZ and FDR’s New Deal in the USA for how they dealt to the Great Depression. What they don’t mention is that Great Britain and Australia had centre-right governments – even with Labour Party involvement occasionally – that did not go for all the industrial nationalisation, new types of welfare support, and most importantly, Keynesian spending. And yet they emerged from the Slump at the same speed as we or the USA did in terms of GDP recovery, dropping unemployment (both Britain and Australia) and so forth.
What’s also not mentioned is that in the USA, after all of…
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June 4, 1738: Birth of George III, King of the United Kingdom of Great Britain and Ireland, King of Hanover
05 Jun 2023 Leave a comment
George III (June 4, 1738 – January 29, 1820) was King of Great Britain and of Ireland from October 25, 1760 until his death in 1820. The two kingdoms were in a personal union under him until the Acts of Union 1800 merged them on January 1, 1801. He then became King of the United Kingdom of Great Britain and Ireland. He was concurrently Duke and Prince-Elector of Brunswick-Lüneburg (“Hanover”) in the Holy Roman Empire before becoming King of Hanover on October 12, 1814. He was a monarch of the House of Hanover who, unlike his two predecessors, was born in Great Britain, spoke English as his first language, and never visited Hanover.
George was born on June 4, 1738 at Norfolk House in St James’s Square, London. He was a grandson of King George II of Great Britain and the eldest son of Frederick Louis, Prince of Wales, and…
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BRIAN EASTON: What do economists do?
05 Jun 2023 Leave a comment
Steven Levitt, famous for his Freakanomics, shows that being an economist is not just mouthing supply and demand.
- Brian Easton writes –
Anyone can call themselves an ‘economist’. Many do, despite having no qualifications in economics and hardly any formal training; they often make elementary errors. That is the result of a conscious decision of the economics profession which resists barriers to exit and entry. In contrast other professions have restrictions, often for good reasons; I am glad my medical advisers are not only qualified but also registered. However, claiming to be expert on economics to contribute to the public commentary without any expertise, is confusing to those with more humble understandings.
On the other hand there are those who have a high reputation in the economics profession but who don’t seem to be really economists. Consider Steven Levitt, who has written of himself, ‘I am having trouble…
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Utopia, you are standing in it! 
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