Milton Friedman – Understanding Inflation
20 Aug 2022 Leave a comment
in budget deficits, business cycles, economic history, fiscal policy, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: inflation, monetary policy
CRAZY ANCIENT THAI MASSAGE THAT BENT ME LIKE A PRETZEL!
20 Aug 2022 Leave a comment
in economics of media and culture
The Dissolution of the Holy Roman Empire. Part IX: The Confederation of the Rhine.
20 Aug 2022 Leave a comment
From the Emperor’s Desk: although I dealt with the Confederation of the Rhine in yesterday’s post, I thought today I would dig a little deeper.
After the Battle of Austerlitz, Napoleon established the Confederation of the Rhine in 1806. A collection of German states intended to serve as a buffer zone between France and Central Europe, the creation of the Confederation spelled the end of the Holy Roman Empire and significantly alarmed the Prussians.
The brazen reorganization of German territory by the French risked threatening Prussian influence in the region, if not eliminating it outright. War fever in Berlin rose steadily throughout the summer of 1806. At the insistence of his court, especially his wife Queen Louise, Friedrich Wilhelm III decided to challenge the French domination of Central Europe by going to war.
The founding members of the confederation were German princes of the Holy Roman Empire. They were…
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The Dissolution of the Holy Roman Empire. Part VIII: Peace of Pressburg
19 Aug 2022 Leave a comment
Peace of Pressburg
The War of the Third Coalition came too soon for Austria, which moved against France in September 1805. Defeated at the Battle of Austerlitz on December 2, 1805, Austria had to accept terms dictated by Napoleon in the Peace of Pressburg (December 26).
These created deliberate ambiguities in the imperial constitution. Bavaria, Baden and Württemberg were granted plénitude de la souveraineté (full sovereignty) while remaining a part of the Conféderation Germanique (Germanic Confederation), a novel name for the Holy Roman Empire.
Likewise, it was left deliberately unclear whether the Duchy of Cleves, the Duchy of Berg and the County of Mark—imperial territories transferred to Joachim Murat—were to remain imperial fiefs or become part of the French Empire. As late as March 1806, Napoleon was uncertain whether they should remain nominally within the Empire.
The Free Imperial Knights, who had survived the attack on their rights in the…
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Bruce D. Smith doubts a Monetary History…
19 Aug 2022 Leave a comment
in business cycles, history of economic thought, macroeconomics, Milton Friedman, monetarism
44m views of Chinese Speaking White Guys Catch Gossiping Nail Salon Workers Red Handed
19 Aug 2022 Leave a comment
in economics of media and culture Tags: economics of languages
Escalation At Sea – Russia Up Against the Wall I THE GREAT WAR – Week 56
19 Aug 2022 Leave a comment
in defence economics, laws of war, war and peace Tags: World War I
【字幕付き】Being a “Foreigner” English Girl Born in Japan | Japanese is My Native Language!
19 Aug 2022 Leave a comment
in economics of education, economics of media and culture Tags: economics of languages, Japan
AMAZING HIMALAYAN MASSAGE with TIBETAN BOWL SOUND!
19 Aug 2022 Leave a comment
in economics of media and culture
White Guy Learns Korean in 24 Hours, Shocks Korean Locals
19 Aug 2022 Leave a comment
in economics of education, economics of media and culture Tags: economics of languages
Scott Freeman on monetarism
18 Aug 2022 Leave a comment
in business cycles, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
From Inside Money, Output, and Causality, Scott Freeman and Gregory W. Huffman, International Economic Review, Vol. 32, No. 3 (August 1991), pp. 645-667 Stable URL: http://www.jstor.org/stable/2527112
Robert Lucas and Real Business-Cycle Theory
18 Aug 2022 Leave a comment
In 1978 Robert Lucas and Thomas Sargent launched a famous attack on Keynes and Keynesian economics, which they viewed as having been discredited by the confluence of high inflation and high unemployment in the 1970s. They also expressed optimistism that an equilibrium approach to business-cycle modeling would succeed in replicating reasonably well the observed time-series variables relating to output and employment. In particular they posited that a model subjected to an unexpected monetary shock causing an immediate downturn from an equilibrium time path would be followed by a gradual reversion to that time path, thereby capturing the main stylized facts of historical business cycles. Their optimism was disappointed, because the model that Lucas had developed, based on an informational imperfection preventing agents from distinguishing immediately between real and nominal price changes, could not account for downturns because the informational imperfection assumed by Lucas could not account for the typical…
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Can a Society Exist Without Government? | David Friedman
18 Aug 2022 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, David Friedman, economic history, economics of bureaucracy, economics of crime, industrial organisation, law and economics, liberalism, libertarianism, property rights, Public Choice Tags: economics of anarchy
Utopia, you are standing in it! 
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