When facts change, fiscal policy should change too

julianhjessop's avatarPlain-speaking Economics

Putin’s murderous assault on the people of Ukraine is a threat to peace and security worldwide. But someone also has to worry about the impact on the UK economy. The fallout should prompt a rethink of the response to the cost of living crisis and the tax hikes planned for April.

The catastrophe in Ukraine is potentially a game changer here, for two reasons. First, and most obviously, the increase in uncertainty adds to the downside risks to the recovery, particularly via the impact on energy prices.

This is still highly speculative. The prices of crude oil and natural gas soared after the invasion, but then fell back. Traders have been reassured that Western sanctions are targeting Russian banks and individuals, not energy suppliers.

In the meantime, the EU is continuing to buy large amounts of oil and gas from Russia – and the flow through Ukraine has actually increased…

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“Using word analysis to track the evolution of emotional well-being in nineteenth-century industrializing Britain”

Vincent Geloso's avatarEconomist Writing Every Day

This is the title to a paper in Historical Methodsthat I believe should convince you of two things. The first, and this applies to scholars in economic history, is that the journal Historical Methods is a highly interesting one. It tends to publish new and original work by economists, historians, sociologists and anthropologists who are well-versed in statistical analysis and data construction. The articles that get published there often offer a chance to discover solutions to longstanding problems through both interactions of different fields and the creation of new data.

The second is that it is becoming increasingly harder to hold the view that the industrial revolution was “a wash”. I described elsewhere this view of the industrial revolution as a wash as believing one or more of the following claims: “living standards did not increase for the poor; only the rich got richer; the cities were dirty…

View original post 466 more words

We need an effective Public Service

I’m Alright Jack: Russia

Pay transparency laws reduce the gender pay gap primarily by slowing wage growth for male employees

Image

14 Hungry Kittens — Another Day !

The Wire: “Look At these Delta Force…”

The Simpsons – Communism

The Big Lebowski – Bunch of Amateurs Scene

Secrets of WWII | Inside the Map Room where the war was planned

#climateemergency

Renewables Rejected: How American Communities Successfully Block Wind & Solar Projects

stopthesethings's avatarSTOP THESE THINGS

Americans fight – which is the only way to beat Big Wind and Big Solar when they’re threatening anyone’s backyard.

Over the last few years, American communities have banded together, got organised and lawyered up. The result is an enviable string of victories by which pro-community and pro-reliable energy groups have defeated the crony capitalists and subsidy seeking carpetbaggers hoping to use their victims’ taxes to help them destroy the fabric of American rural life.

Increasing opposition to having their landscape carpeted in 600-700 foot high wind turbines and endless seas of solar panels was inevitable.

If you only subscribe to the ‘renewables will save us’ mob however, you’d believe that all is well and there is no limit to the number of these things or solar panels that the American heartland will take. Well, that’s the propaganda from RE GHQ, anyway.

Robert Bryce has been following the backlash against…

View original post 1,712 more words

Wilson Phillips – Hold On 

Review of “American Prometheus: The Triumph and Tragedy of J. Robert Oppenheimer” by Kai Bird

Steve's avatarReading the Best Biographies of All Time

American Prometheus: The Triumph and Tragedy of J. Robert Oppenheimer
by Kai Bird and Martin Sherwin
736 pages
Alfred A. Knopf
Published: April 2005

“American Prometheus: The Triumph and Tragedy of J. Robert Oppenheimer” by Kai Bird and Martin Sherwin was published in 2005 and earned the 2006 Pulitzer Prize for Biography. Bird is a journalist and author who has written several books including a recent biography of Jimmy Carter. Sherwin was a professor of history until his death in 2021.

Fascinated by the atomic age and nuclear proliferation, Sherwin began working on this book in the late 1970s…and eventually asked Bird for assistance bringing the project to fruition. Built on a foundation of extraordinary research, the authors combed through thousands of once-classified documents, conducted more than 100 interviews and reconstructed seemingly contradictory historical threads in order to fully understand how Oppenheimer’s story unfolded.

The resulting 591-page…

View original post 417 more words

Review of “Sam Houston” by James L. Haley

Steve's avatarReading the Best Biographies of All Time

Sam Houston
by James L. Haley
544 pages
University of Oklahoma Press
Published: April 2002

James Haley’s 2002 biography “Sam Houston” examines the life of a fascinating figure in early Texas-American history. Haley is the author of 14 books, including both fiction and non-fiction. Among his recent publications are a history of Hawaii and a biography of Jack London.

Readers familiar with Texas history (or America’s westward expansion more generally) are likely to recognize Sam Houston (1793-1863). He left home as a teen to live with a tribe of Cherokee Indians – for three years. Later he managed Texas’s war for independence, was President of the Republic of Texas, served as a U.S. Senator and, finally, was elected governor.

His personal life was no less exciting. He was thrice married and his final bride – 26 years his junior – bore him eight children. If Houston himself…

View original post 414 more words

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