Did the British Engineer the Yugoslavian Coup of March 1941? – WW2 Special Episode
11 Apr 2020 Leave a comment
in defence economics, war and peace Tags: World War II
Luddites
10 Apr 2020 Leave a comment
in economic history, energy economics, entrepreneurship Tags: creative destruction

Keeping one day ahead of the curve
10 Apr 2020 Leave a comment
As soon as the government released its modelling of the pandemic a few days ago, I realised something was badly wrong. The modelling showed infections increasing even under lockdowns, which obviously wasn’t happening. The crucial parameter here is R, the number of new infections generated by each existing infection. If R is greater than 1, the number of infections grows exponentially, but if R is less than one, it declines, eventually approaching zero. The knife-edge case is R=1, when the number stays constant.
On checking the paper on which the modelling was based, I found that it did indeed assume R>1, even with social distancing. This was less surprising when I realized it was based primarily on data from the initial outbreak in Wuhan, before the lockdown in China had taken full effect. (I later discovered that the report had been given to the government in February, which makes its…
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The Untold Story of the Secret Mission to Seize Nazi Map Data
10 Apr 2020 Leave a comment

This story was originally published in the November, 2019 issue of Smithsonian magazine.
The fighting for Aachen was fierce. American planes and artillery pounded the Nazi defenses for days. Tanks then rolled into the narrow streets of the ancient city, the imperial seat of Charlemagne, which Hitler had ordered defended at all costs. Bloody building-to-building combat ensued until, finally, on October 21, 1944, Aachen became the first German city to fall into Allied hands.
Rubble still clogged the streets when U.S. Army Maj. Floyd W. Hough and two of his men arrived in early November. “The city appears to be 98% destroyed,” Hough wrote in a memo to Washington. A short, serious man of 46 with receding red hair…
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Free banking theory: Larry White and Juan Ramón Rallo
10 Apr 2020 Leave a comment
in Austrian economics, economic history, economics of regulation, financial economics, industrial organisation, law and economics, macroeconomics, monetary economics, property rights Tags: free banking
Inside the Secret World of Russia’s Cold War Mapmakers
10 Apr 2020 Leave a comment

A MILITARY HELICOPTERwas on the ground when Russell Guy arrived at the helipad near Tallinn, Estonia, with a briefcase filled with $250,000 in cash. The place made him uncomfortable. It didn’t look like a military base, not exactly, but there were men who looked like soldiers standing around. With guns.
The year was 1989. The Soviet Union was falling apart, and some of its military officers were busy selling off the pieces.
This article details one of the most ambitious—and secretive—cartographic endeavors of all time and how it came to light in the West. Continue reading at Wired, where it was originally published.
Elder Abuse: Renewable Energy Obsession Leaves Millions of Grannies Freezing In The Dark
10 Apr 2020 Leave a comment
As night follows day, rocketing power prices are the inevitable consequence of the inevitable transition to subsidised and unreliable wind and solar.
The burden of all that glorious virtue signalling falls disproportionately on those on low and fixed incomes. Add the normal path of decrepitude, frailty and illness to impecuniousity and you’ve got a recipe for a national health disaster.
Enduring frigid weather in unheated homes is one of the biggest killers of the elderly. With power prices now so prohibitive, the poor and vulnerable drop like flies every winter as they ration their power use or find themselves cut from the grid, incapable of paying for power, at all.
That first world countries now see hundreds of thousands of households suffering energy poverty as a new ‘normal’ is criminal. Particularly when all of this was perfectly predictable and perfectly avoidable.
As the elderly face the existential (passing) threat of COVID-19, spare…
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5 April #COVID19 New Zealand
10 Apr 2020 Leave a comment
Richard Timberlake Remembers Milton Friedman, Pt. 1
10 Apr 2020 Leave a comment
in business cycles, economic history, great depression, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: Keynesian macroeconomics
Hornsdale Power Reserve: the mouse that stopped the elephant from falling
10 Apr 2020 Leave a comment
After writing previous post, the RenewEconomy article kept going through my mind. The author of the article suggested that the response of the Hornsdale Power Reserve to a tripping coal fired power unit was extraordinary, when in reality it was insignificant in the grand scheme of things. I wondered why on earth the author was so lyrical about what was in fact a poor performance…
Then it suddenly struck me. It might well be a misinterpretation of how the event was represented.
Let me explain.
There were two graphs presented in the article. The first one is the frequency versus the response of the Hornsdale Power Unit and it stood central in previous post. There is however a second graph in the article and it is this graph that could easily lend itself to misinterpretation. It shows the sharp decline of the tripped coal unit combined with the response of…
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