Lenin’s Death and Stalin’s Rise to Power I BETWEEN 2 WARS I 1924 Part 1 of 1
23 Mar 2020 Leave a comment
in economic history, war and peace Tags: Russian revolution
What Gorton and Holmstrom get right and get wrong
23 Mar 2020 Leave a comment
Mark Thoma directs us to David Warsh on Gorton and Holmstrom’s view of the role of banking. I’ve written about this view in severalplaces. My own view of banking is very different and here is a quick summary of my key points.
The source of Gorton and Holmstrom’s errors: Taking U.S. banking history as a model
In my view Gorton and Holmstrom err by basing their view of what banking is on the pre-Fed U.S banking system. Nobody argues that the U.S. represented a “state-of-the-art” banking system in the late 19th century. In fact, in the late 19th century the U.S. banking system was still recovering from the reputational consequences of the combination of state and bank defaults in the 1840s that had led many Europeans to conclude that American institutions facilitated fraud. By the end of the 19th century, however, the U.S. did have access to…
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#COVID19 macroeconomics
22 Mar 2020 Leave a comment
in budget deficits, economic growth, fiscal policy, health economics, macroeconomics, monetary economics, Public Choice, public economics Tags: Keynesian macroeconomics, new classical macroeconomics, real business cycle theory
What Did People Use Before Toilet Paper?
22 Mar 2020 Leave a comment
in economics of media and culture
Culling the Nazi Wolfpacks – Submarines, Spies, China, and Africa – WW2 – 082 – March 21 1941
22 Mar 2020 Leave a comment
in defence economics, war and peace Tags: World War II
King Henry IV of England: Part III.
22 Mar 2020 Leave a comment
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When Richard II was forced to abdicate the throne in 1399, Henry Bolingbroke was next in line to the throne according to Edward III’s entailment of 1376. That entailment clearly reflects the operation of agnatic primogeniture, also known as the Salic law. At this time, it was by no means a settled custom for the daughter of a king to supersede the brothers of that king in the line of succession to the throne. Indeed, it was not an established belief that women could inherit the throne at all by right: the only previous instance of succession passing through a woman had been that which involved the Empress Matilda, and this had involved protracted civil war, with the other protagonist being the son of Matilda’s father’s sister (not his brother).
Edward III, King of England, Lord of Ireland
Yet, the heir of the royal estate according to common law (by…
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Australian Daily Wind Power Generation Data – Introduction With Permanent Link To Daily Posts
22 Mar 2020 Leave a comment
By Anton Lang ~
This Series of Posts will show the data for wind power in Australia.
This is the Permanent link to all those Posts in that Series.
The image you see immediately below is of the Macarthur Wind Plant in Victoria Australia, and this is the largest wind plant currently in Australia. It has a Nameplate of 420MW and has 140 of those huge towers, each with a nacelle on top which contains a 3MW generator.
Macarthur Wind Plant In Victoria Australia
I have recently completed a Series of Posts for electrical power generation from every source here in Australia, and that was a collection of data for every day in one complete year of consecutive days. Now while this collection of data was done on a manual basis, there are now sites which give those same details without my having to compile them manually in such a…
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Canadian government kills First Nations girl out of misguided respect for faith
22 Mar 2020 Leave a comment
worst aspects of multiculturalism: the assumption that all beliefs are equally worthy of respect
The Canadian government has often treated its indigenous people horribly, including taking kids from their family and sticking them in special residential “Indian schools” where they were forbidden to use their language or learn about their culture, and where they were often horribly abused. I saw one of these schools, now closed, when I was in Kamloops last year for the Imagine No Religion conference. Hearing the story, I was horrified.
So, in an admirable effort to make up for past misdeeds, Canada has made a number of accommodations to the people of the “First Nations”, as they call them. But this time they’ve gone too far, and have failed to remove children from their homes when they should have. These children are ill with cancer, and the government endorses “traditional” methods of healing, which inevitably lead to death. The government’s failure to insist on modern medical treatment for First Nations children has…
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Hornsdale Power Reserve: helping to prevent blackouts in … Melbourne?
22 Mar 2020 14 Comments
Coal powered electricity networks never used battery backup. They had spare capacity that covered breakdowns as does any factory.
After writing previous post, I wondered how much impact the Tesla battery of the Hornsdale Power Reserve actually has on the South Australia grid. Just looking at the numbers (the battery has a capacity of 100 MW and can deliver 129 MWh), I expected it to be rather insignificant. In the meanwhile, I came across a heated discussion on a reblog of previous post on the blog “Utopia, you are standing in it!“. That post was about the Tesla battery of the Hornsdale Power Reserve in South Australia. The discussion started with the comment that South Australia is a net exporter and after the question how long the Tesla battery would last, this suprising claim was made:
Long enough to stop potential blackouts in Melbourne because of the unreliability of their coal fired power stations! […]
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Will this war ever end?
22 Mar 2020 Leave a comment
in defence economics, laws of war, war and peace Tags: Syrian Civil War
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