Central banks can’t raise interest rates so what chance of bankers’ cartel fixing interest rates
15 Nov 2018 Leave a comment

Jordan Peterson vs. “Social Justice Warriors”
15 Nov 2018 Leave a comment
Many leftists hate Jordan Peterson, a Canadian psychologist and professor at the University of Toronto.
The Annals of the TERF-Wars
14 Nov 2018 Leave a comment
If a friend was profoundly depressed, suicidally depressed perhaps, would it be wise to accept their self-diagnosis of what causes their depression and what is the right solution.
If so, all mental health care professionals would be out of a job.
So, yesterday this turned up in my feed, which struck me as something of an, um, mispresentation… and somehow, I ended up writing my own version of how this whole thing went down…

Prologue: A long time ago in a galaxy far, far away…
Transsexual women: We just want some basic human rights.
Women: Okay.
Transsexual women: We have this condition called gender dysphoria and it’s really painful and we need to transition to live as the other sex because it’s the treatment for the dysphoria.
Women: Yeah, that sounds tough. Okay, if that’s what you need to do.
Transsexual women: We’d like you to treat us as women.
Most women: Um, okay. Sure, we can do that if that helps.
Prequel: A long time ago in a lesbian bar that no longer exists
Lesbians: We don’t have to treat you as women for sexual purposes, do we?
Many transsexual…
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Much Ado about Pigou ….and other defunct economists
13 Nov 2018 Leave a comment
I wanted to write on these two profile together – Schumpeter and Pigou. But Schumpeter one became too long so had to write a fresh post on Pigou.
Bruce Yandle of Clemson University has a nice profile of Pigou. He starts pretty nicely:
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Milton Friedman’s presidential address at 50: One of the defining moments in history of macroeconomics…
13 Nov 2018 Leave a comment
The year 2018 marks the 50 years of the celebrated and much talked about lecture given by Milton Friedman: The role of monetary policy. It is seen as one of those key moments in history of macroeconomics where Friedman questioned the trade-off between inflation and unemployment as espoused in Philips curve.
It is rather odd to see a journal – Review of Keynesian economics – to dedicate an entire issue on the 50th anniversary.
Milton Friedman’s American Economic Association (AEA) presidential address, ‘The role of monetary policy,’ was published 50 years ago in the 1968 Papers and Proceedings issue of the American Economic Review. Friedman’s influence as an economist is undeniable and he is widely viewed, together with John Maynard Keynes, as the most important macroeconomist of the twentieth century. His contributions were extensive but, in our view, his AEA address has been the most influential.
In that…
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BBC News coverage of terrorism in Israel – October 2018
12 Nov 2018 Leave a comment
The Israel Security Agency’s report on terror attacks (Hebrew) during October 2018 shows that throughout the month a total of 330 incidents took place: 95 in Judea & Samaria, 14 in Jerusalem and 221 in the Gaza Strip sector.
In Judea & Samaria and Jerusalem the agency recorded 80 attacks with petrol bombs, 15 attacks using improvised explosive devices (IEDs), eight arson attacks, two shooting attacks and four stabbing attacks.
Incidents recorded in the Gaza Strip sector included 141 attacks with petrol bombs, 39 attacks using IEDs and twenty-five grenade attacks. Sixteen separate incidents of rocket or mortar fire – a total of forty-six launches – took place during October.
The murder of two Israeli civilians and the wounding of another in a terror attack at the Barkan industrial park on October 7th was reported on the BBC News website well over 24 hours later – with the words ‘terrorist’…
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After expelling the charter schools, Hipkins is pressed to do better on teachers’ pay
12 Nov 2018 Leave a comment
So who do you feel sorry for: primary school teachers who say they are are undervalued, underpaid and overworked?
Or Education Minister Chris Hipkins, who is “disappointed” teachers are going on strike, despite the government’s “strong new offer”.
Political aficionados might find some irony in the whole affair. Teachers were desperate for the Labour Party to win the Treasury benches, knowing it would be a relatively soft touch after nine years of a flinty-faced National government.
And Hipkins early in his term sought to cosy up to the teachers’ union by bending to their demand that charter schools be abolished.
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Thomas Sowell Has Some Explaining for Us:
12 Nov 2018 Leave a comment
This is an oldie, but worth reviewing for its appropriateness for today. A fascinating interview with Thomas Sowell about “intellectuals”. Do make time to watch the whole thing, It throws a lot of light upon what is happening in our present day, how to consider what’s going on. Whats the matter with intellectuals anyway? Aren’t they smarter than the rest of us? Shouldn’t we listen to them?
So whose opinion matters? See the previous post on “Opinion.”
Show your workings: KiwiBuild, the Reserve Bank, and the Ombudsman
12 Nov 2018 Leave a comment
The Reserve Bank is a powerful public agency, whose views receive a lot of coverage, and some respect in some quarters. The views taken by the Bank affect where interest rates are set, and thus the short-medium term path of the economy itself. They aren’t just commentators – they are players too – but they aren’t less than commentators. They use a lot of public money to undertake analysis that is supposed to underpin their commentary and decisions. It should be pretty much Open Government 101 that citizens – who pay for the analysis and are directly affected by how the Bank uses it – should be able to see that analysis. The Reserve Bank has never seen it that way. Over decades – when I was closely involved, and still now – they’ve taken the view that the Bank is different, and special, and that all…
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Abdication of the German Emperor & the end of The Great War.
12 Nov 2018 Leave a comment
With the abdication of German Emperor, his flight to the Netherlands and the signing of the Armistice on November 11, 1918 brought the Great War to its close.

His Imperial Majesty Wilhelm II, German Emperor and King of Prussia
By October, German Emperor, Wilhelm II was at the Imperial Army headquarters in Spa, Belgium, when the uprisings in Berlin and other centres took him by surprise in late 1918. Instead of obeying their orders to begin preparations to fight the British once more, German German sailors, exhausted by four years of war, led a revolt in the naval ports of Wilhelmshaven on October 29, 1918, followed by the Kiel mutiny in the first days of November.
These mutinies were the first salvos in the German Revolution of 1918-1919. When a mutiny occurred among the ranks of Emperors beloved Kaiserliche Marine, this profoundly disturbed him. Wilhelm struggled between acceptance denial and…
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