The Fed’s Dismal Record | George A. Selgin
10 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Desert War – Dysentery, Disease, and Dehydration – WW2 Special
10 Jan 2022 Leave a comment
in defence economics, war and peace Tags: World War II
Split Enz – I Got You (The Paul Hogan Show) (1980)
10 Jan 2022 Leave a comment
in Music, television, TV shows
Review of “George Marshall: Defender of the Republic” by David Roll
09 Jan 2022 Leave a comment
George Marshall: Defender of the Republic
by David Roll
704 pages
Dutton Caliber (Penguin Random House)
Published: July 2019
David L. Roll’s “George Marshall: Defender of the Republic” was published in 2019. Roll is Senior Counsel at Steptoe & Johnson and the author of a widely-praised biography of Franklin Roosevelt’s notoriously unconventional adviser Harry Hopkins. Roll also co-authored a biography of Louis Johnson, Harry Truman’s second defense secretary.
Anyone who has read a biography of Franklin Roosevelt, Harry Truman or Dwight Eisenhower has encountered George Marshall (1880-1959). During his five decades of public service he was chief of staff to “Black Jack” Pershing, Chief of Staff of the Army, a Five-Star General, Special Envoy to China, Secretary of State and Secretary of Defense. He was also the driving force behind the Marshall Plan which re-built post-war Europe (and for which he received the Nobel Peace Prize in 1953).
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The Case for Capitalism, Part VI
09 Jan 2022 Leave a comment
I have shared five videos (Part I, Part II, Part III, Part IV, and Part V) that make the case for capitalism.
Here’s a sixth example.
The video notes that poverty was the natural condition for humanity (notwithstanding the economic illiteracy of Congresswoman Pressley).
But then, starting a couple of hundred years ago, capitalism gained a foothold and – for the first time in world history – there were nations with mass prosperity.
We learn about how various places became rich, including the United States, Hong Kong, and New Zealand.
The narrator also pointed out that Ireland experienced a period of dramatic market-driven growth.
Which gives me a good excuse to make the following comparison, which shows the dramatic divergence between Ireland and Greece beginning in the mid-1980s.
Why the stunning divergence (one of many examples I’ve collected)?
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How did France Get Nukes?
09 Jan 2022 Leave a comment
in defence economics, war and peace Tags: Atomic weapons, France
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