Authoritarianism
The price of energy
The rise in energy prices has been confusing me. With standing charges being increased three or more fold and the cost per unit heading for the stratosphere, what on earth is going on. There is [more…]
Economics
Economics
Chaos Theory – Butterflies
On Dec 29th 1972 a paper was submitted to the American Association for the advancement of Science. The author, Edward Lorenz was an MIT professor of meteorology and the subject of the paper was:- Predictability; [more…]
Economics
The Curse of Government Intervention
It should be patently obvious that putting the country into cold-storage for two years, and lavishing unfunded benefits to all and sundry to protect them from hardship, must carry dire consequences for Britain’s economy – [more…]
America
Economic Evolution: Darwin’s Idiot Speaks, Part Five
FDR had abolished private ownership of gold money but retained gold as the underlying asset for U.S. currency, exchangeable one for the other. Variations in the price of U.S. currency in ounces of gold served [more…]
Economics
How to work out your interest yourself – and how the banks did it in the old days…
Have you ever wondered how the bank worked out how much interest to pay on your savings account, or charge you on your mortgage? I had a mortgage with a building society some years ago, [more…]
Business
The death of the middle class is the death of civil society
The blame game As we know from every crisis in human history, and especially the more recent ones, the most important item on any politician’s agenda is to find someone else to blame for it. [more…]
America
Economic Evolution: Darwin’s Idiot Speaks, Part Four
One of Say’s Laws holds that “we produce to consume”. This is certainly the underlying theme of the Industrial Revolution with its accompanying exponential growth in production of technology, communication, and energy utilization. While private [more…]
Business
The death of the middle class is the death of civil society
The middle class in the West has been shrinking for years, but after the covid crisis and especially after the inflation explosion, whatever was left of it is now basically under threat of extinction. This [more…]
21st Century
Kenya Election Context
Some more on the background context of how Kenya got to where it currently is. The presidential contest election was effectively a two-horse race between Deputy President William Ruto and veteran politician Raila Odinga. Neither [more…]