David Friedman – Feud Law: Private and Decentralized
02 May 2020 Leave a comment
in David Friedman, law and economics Tags: economics of anarchy
An explanation of Wallace neutrality for quantitative easing
01 May 2020 Leave a comment
in financial economics, macroeconomics, monetary economics
From https://books.google.co.nz/books?id=6kbCDwAAQBAJ&pg=PA283&lpg=PA283&dq=neil+wallace+open+market+operations&source=bl&ots=chwhTeUEA6&sig=ACfU3U1IPVipUeeC0tEa-phUVH7izIhT5A&hl=en&sa=X&ved=2ahUKEwihtKGGsZLpAhUdzDgGHSG4D5A4ChDoATACegQIChAB#v=onepage&q=neil%20wallace%20open%20market%20operations&f=false and https://www.jstor.org/stable/1802777?seq=1#metadata_info_tab_contents
Modigliani-Miller theorems for open market operations describe conditions under which central bank portfolio rearrangements will have no consequences for allocations, relative prices, or the time path of the price level.
Thomas Sargent 2013 MACROECONOMIC THEORY AND THE CRISIS
01 May 2020 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, Milton Friedman, monetarism, monetary economics, Robert E. Lucas Tags: sovereign debt crises, sovereign defaults
NASA space lasers show sea levels have risen by 14mm in 17 years – but what’s the latest trend?
01 May 2020 Leave a comment
Kangerlussuaq Fjord, Greenland [image credit: notsogreen.com]
Less than a year ago NASA was reporting from Greenland: Jakobshavn Glacier Grows for Third Straight Year, and ‘The glacier grew 22 to 33 yards (20 to 30 meters) each year between 2016 and 2019.’ So this new report may be, to some degree at least, already obsolete since it says: ‘The largest thinning rates were between 4 and 6 m a−1 in Jakobshavn and Kangerlugssuaq glaciers’.
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Sea levels have risen by 14mm since 2003 due to ice melting in Antarctica and Greenland, scientists have said.
Nasa launched a satellite to measure global heights in 2018 and spotted the rise after bouncing laser pulses against sheets of ice, says the London Evening Standard.
The study found that Greenland lost an average of 200 billion tonnes of ice per year, and Antarctica lost an average of 118 billion tonnes.
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Towards the Restoration of the Monarchy, 1-8 May 1660
01 May 2020 Leave a comment
Today’s blog from Dr Andrew Barclay, senior research fellow for our Commons 1640-1660 project, is the second in a three-part series about the parliament that would restore the monarchy in 1660 (part one available here). In this piece he explores the process that led to the accession of Charles II on 8 May 1660…
When the new Parliament met on 25 April 1660 few doubted that it would restore the monarchy. The real question was whether it would try to impose any conditions on Charles II. Lots of people, including quite a few MPs, still hoped that some variation on the deal discussed with Charles I at Newport on the Isle of Wight in 1648 might be possible. The late king had been willing to make concessions on church government and control of the militia. That his more flexible son might agree something similar seemed…
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John Cochrane on quantitative easing not mattering much
01 May 2020 Leave a comment
in business cycles, financial economics, macroeconomics, monetary economics, politics - USA
Majority saved $750 #COVID19 stimulus payment! Friedman’s permanent income hypothesis rules
01 May 2020 Leave a comment
in budget deficits, business cycles, financial economics, fiscal policy, macroeconomics, Milton Friedman, monetary economics, unemployment Tags: offsetting behaviour, permanent income hypothesis, The fatal conceit, unintended consequences
Which is Wellington? Tasmania? Tasmania beat NZ to zero new #COVID19 cases
01 May 2020 Leave a comment
in health economics, politics - Australia, politics - New Zealand
Green Deals are the best way to turbo-charge economic recovery from Covid-19-AEP
01 May 2020 Leave a comment
role of batteries is limited to short term grid balancing, usually for minutes or at most an hour or so.
CPS Guidance undermining consent withdrawn
01 May 2020 Leave a comment
The reason fathers and brothers often hate your boyfriend is they know men are dangerous. They get a bad vibe off your latest boyfriend.
All feminists used to know that men are dangerous because most crimes and nearly all sex offences are committed by men.
The Crown Prosecution Service has withdrawn an anti-bullying guidance pack for schools developed with Stonewall and Gendered Intelligence, after a 14-year-old girl brought a legal action.
The pack, which has been withdrawn for review, encouraged schools to tell girls to ignore their discomfort and not object to males entering single sex spaces such as toilets and changing rooms.
One of its teaching exercises features a video scenario where an adult male presenting in a feminine style enters the women’s toilets. Two young women at the sinks whisper their discomfort: “What’s he doing in here? This is the Ladies”. The next time the person uses the Gents’ where two middle-aged men shout abuse and bang on the door.
The classdiscussion guidance says
“Ask the students what happened in the clip. Thinking about how the girl in the clip was treated, can the class understand why she might have felt…
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