Accession of Charles I, King of England, Scotland and Ireland.

liamfoley63's avatarEuropean Royal History

Charles I (19 November 1600 – 30 January 1649)[a] was King of England, King of Scotland, and King of Ireland from March 27, 1625 until his execution in 1649.

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Charles was born into the House of Stuart as the second son of King James VI of Scotland, but after his father inherited the English throne in 1603 (as James I), he moved to England, where he spent much of the rest of his life. He became heir apparent to the three kingdoms of England, Scotland and Ireland in 1612 on the death of his elder brother Henry Frederick, Prince of Wales. An unsuccessful and unpopular attempt to marry him to the Spanish Habsburg princess Maria Anna culminated in an eight-month visit to Spain in 1623 that demonstrated the futility of the marriage negotiations. Two years later he married the Bourbon princess Henrietta Maria of France, the youngest daughter of Henri IV…

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Misesian Insights for Modern Macroeconomics | J. Huston McCulloch

Brilliant biography

When was the Sick Man of Europe on a 3-day week for 10 weeks? #COVID19

From https://www.ons.gov.uk/economy/grossdomesticproductgdp/timeseries/ihyq/qna

Updates from listed companies bring some economic comfort during the Covid-19 crisis

tutere44's avatarPoint of Order

As  New Zealand   faces the  most brutal   recession in  living memory,  the  battle  to preserve   the core  of the  economy deepens.  Companies  are  cancelling  dividends  to protect what cash they have, others  are  reaching  for  financial  aid  from  their banks or  the government.

Yet for   some   businesses, notably  the  big  supermarket  chains,  the crisis  is accelerating    their  cash   flows.

Point of Order   has surveyed an array of   companies listed on  NZX, particularly in  several sectors—food  production, health and pharmaceutical  supplies, transport, agriculture  services—   which  have issued  updates. These should provide   comfort  to  their shareholders, and the market generally.

Latest  to  do so  is   King  Salmon,  the world’s largest aquaculture producer of the premium King salmon species.   Employing 500 people,  it operates  within the primary industry food producer category which has been included in the government’s list of essential services.

In its update to the  NZX, it  says :

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Monetary Policy Arithmetic by Joydeep Bhattacharya and Joseph H. Haslag

From https://www.dallasfed.org/~/media/documents/research/efr/1999/efr9903c.pdf

Eugene Fama on a fiscal stimulus and bailouts

From https://famafrench.dimensional.com/essays/bailouts-and-stimulus-plans.aspx

Cops help iwi with roadblocks as a cultural response to Covid-19 – and perhaps to portend a policing “partnership”

Bob Edlin's avatarPoint of Order

The proposition that our Police are paving the way for a partnership in which former MP Hone Harawira and other iwi leaders police communities within the borders they define went unchallenged when put to press officers working for the Prime Minister and the Police.

The picture painted in the preceding paragraph was drawn from Deputy Police Commissioner Wally Haumaha’s statement on road blocks Harawira set up in Northland to check tourists’ health.  He declared:

” … we want to model what it looks like when iwi, police, councils and other agencies work in partnership”. 

But nether the Police nor the Prime Minister’s Office directly answered questions put to them by Point of Order about the legality of Harawira’s blocking public roads while policing the a border which he presumably established.

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Central planners forget yet another essential service #COVID19 #Hayekianknowledgeproblem

From

The economic impact of Britain’s three-day week from 1 January to 11 March 1974 #COVID19

From https://books.google.co.nz/books?id=skdI0R6pApcC&pg=PT898&lpg=PT898&dq=economic+impact+of+three+day+week&source=bl&ots=2jvHbIozOK&sig=ACfU3U3srijCQrOStR5emqOmZT2Re2SzHA&hl=en&sa=X&ved=2ahUKEwiv0-HatLnoAhW5xjgGHY0mDC44ChDoATACegQIChAB#v=onepage&q=economic%20impact%20of%20three%20day%20week&f=false

Spare a thought for those locked in their rooms at backpackers hotels and camping grounds #COVID19 #Hayekianknowledgeproblem

From https://covid19.govt.nz/government-actions/covid-19-alert-level/essential-businesses/#additional

Lee Ohanian on Japan’s Lost Decade

From https://www.economicdynamics.org/newsletter-april-2000/

More from Murphy and Topel on why efficiency wages theory falls down

 

From https://books.google.co.nz/books?id=T5yvCwAAQBAJ&pg=PA204&lpg=PA204&dq=Efficiency+Wages+Reconsidered:+Theory+and+Evidence&source=bl&ots=AWcByEQtA9&sig=ACfU3U3Rt-Yk3-LqjNyUhLd1zfN9DHp-XQ&hl=en&sa=X&ved=2ahUKEwiGquK9nrDoAhXmzzgGHYliC5M4ChDoATAGegQIChAB#v=onepage&q=Efficiency%20Wages%20Reconsidered%3A%20Theory%20and%20Evidence&f=false

Did real business cycle theory ignore depressions?

Image

Hornsdale Power Reserve Considerations

rogercaiazza's avatarPragmatic Environmentalist of New York

At the Trust, yet verify blog, Michel has written a couple of posts about the Hornsdale Power Reserve.  I had intended to do a post on this energy storage facility for a while and commented that I was planning to do a post but hadn’t gotten around to it.  When I said would not have to produce a post Michel said his was only one way to look at it and there are other possible views.  After reading the second post I decided to make a point about this system as it relates to New York State energy policy.

Background

According to the Hornsdale Power Reserve website “At 100MW/129MWh, the Hornsdale Power Reserve is the largest lithium-ion battery in the world, and provides network security services to South Australian electricity consumers in concert with the South Australian Government and the Australian Energy Market Operator (AEMO).  The Hornsdale Power Reserve is…

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