Utopia, you are standing in it!

Richard Nixon resigned the presidency 36 years ago today–the only American president to have done so.

He left the White House on August 9, 1974, to avoid certain impeachment and conviction. By then it had become clear that Nixon had ordered senior aides to cover up the Watergate scandal’s signal crime, the burglary in June 1972 at Democratic national headquarters.

As I write in Getting It Wrong, my new book about media-driven myths, forcing Nixon’s resignation “required the collective if not always the coordinated forces of special prosecutors, federal judges, both houses of Congress, the Supreme Court, as well as the Justice Department and the FBI.”

But in the years since 1974, the dominant popular narrative of the Watergate scandal has become the heroic-journalist meme, the widely held notion that the investigative reporting of two young, tireless reporters for the Washington Postled the way in bringing down

Edward VII (Albert Edward; November 9, 1841 – May 6, 1910) was King of the United Kingdom of Great Britain and Ireland and the British Dominions, and Emperor of India from January 22, 1901 until his death in 1910.

Edward was born at 10:48 in the morning on November 9, 1841 in Buckingham Palace. He was the eldest son and second child of Queen Victoria of the United Kingdom and her husband, Prince Albert of Saxe-Coburg and Gotha. He was christened Albert Edward at St George’s Chapel, Windsor Castle, on January 25, 1842.

He was named Albert after his father and Edward after his maternal grandfather, Prince Edward, Duke of Kent and Strathearn. He was known as Bertie to the royal family throughout his life. He was related to royalty throughout Europe.

As the eldest son of the British sovereign, he was automatically Duke of Cornwall and Duke of Rothesay…

SMR transporter

Nuclear is a slow-moving game but signs of progress are emerging. The problems of intermittent wind and solar power are only going to increase in step with their share of the UK power supply, as the government has caved in to the ’emissions’ obsessions of the climate lobby.
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Reactor designer Rolls-Royce will announce that a consortium of investors will back plans for a new smaller nuclear reactor project, reports BBC News.

As part of its 10 point green energy plan, the government has already announced it would provide £210m in funding if that could be matched by private capital.

An announcement that money has been raised could come as soon as Tuesday.

Around 21% of Britain’s electricity supply is provided by nuclear power.

My last several posts have been focused on Marshall and Walras and the relationships and differences between the partial equilibrium approach of Marshall and the general-equilibrium approach of Walras and how that current state of neoclassical economics is divided between the more practical applied approach of Marshallian partial-equilibrium analysis and the more theoretical general-equilibrium approach of Walras. The divide is particularly important for the history of macroeconomics, because many of the macroeconomic controversies in the decades since Keynes have also involved differences between Marshallians and Walrasians. I’m not happy with either the Marshallian or Walrasian approach, and I have been trying to articulate my unhappiness with both branches of current neoclassical thinking by going back to the work of the forgotten marginal revolutionary, Carl Menger. I’ve been writing a paper for a conference later this month celebrating the 150th anniversary of Menger’s great work which draws on some of my…

November 7 2021 — On October 18 1941, Richard Sorge was arrested in Tokyo. He was hanged on November 7 1944, at 10:20 Tokyo time in Sugamo Prison. A number of famous personalities — from General Douglas MacArthur to James Bond’s father and former MI6 Ian Fleming — considered him one of the most accomplished spies. Chief Prosecutor Mitsusada Yoshikawa — the Japanese who led the prosecution and obtained Sorge’s death sentence — wrote that he never met a greater man. Richard Sorge is proof that one spy can alter the History of our world. Follow us on Twitter: @INTEL_TODAY