Category Archives: History

All that glisters…


All that glisters is not gold… [The merchant of Venice — Act 2 Scene 7]

Finding an article that included a simple link to cryptocurrency in support of my linking sixteenth century Spanish bullion to modern mercantilism and the desire of a sovereign power to maintain authority over what is now its fiat money was difficult. I eventually concluded that I had write my own. Debasement of the currency is the inevitable result of abandoning a monetary standard¹ that limits the money supply (or commodity money), giving credence to Keynesian economics and Modern Monetary Theory (MMT)². Read more of this post

Cryptocurrency bubbles and money


This week on Facebook: Debasement of the coinage was rare in Greek history with the notable exception of Dionysius of Syracuse. The Byzantine economy was assumed to have a sound fiscal policy but in the eleventh century emperor Michael VII earned the nickname “Parapinaces” or “minus a quarter”, because the gold nomisma was debased by that amount but little is made of the continuous debasement of the Roman denarius, The enforced sale of the monasteries failed to solve King Henry VIII’s  financial problems, earning him the nickname ‘old copper nose’ during his great debasement. In a fiat money world debasement by fiscal policy is the norm and has perhaps in part (if not entirely) accounting for the intended use of cryptocurrency as fiat. Read more of this post

In Praise of Forgetting


This week on Facebook: I was going to use an article on David Rieff’s book/essay In Praise of Forgetting: Historical Memory and Its Ironies in my post on forgetfulness but decided against its inclusion. What I did find interesting though were the reviews of Rieff’s short work received (it is clearly an essay rather than a book). There is — to my mind — a significance in the references to historic memories that the authors selectively chose to include in their reviews and in those that they did not mention. Particularly the impact that their education had in fostering historical memory and the contemporary ironies it creates. Read more of this post

The Journal


The gun crew of SMS Nürnberg were relaxing, Franz was ignoring their idle banter using the moment’s respite to write in his journal: St Quentin Bay, November 24, 1914. Having finished coaling we are ready to round the Horn. The admiral has told the squadron that he would not make light of their situation, with the navies of the world allied against them a difficult task lay ahead. He and the captains would use their best endeavours to lead them safely home, if not for Christmas then the new year… . Read more of this post

Helicopter Money


This week on Facebook: Sees me return to economics, yet more history and the despair of an old man who — like all old men before me — thinks that the world is going to hell in a handcart. My first instinct was to ignore articles on helicopter money as it being something that I was incapable of having an influence on (which is true) and finding myself totally confused by the rationales offered by economists and politicians. Nevertheless, the notion of helicopter money made me think of some historic precedents that I believe are valid allusions to its use. Read more of this post

1666 and all that!


This week on Facebook: Last week saw the 350th anniversary of The Great Fire Of London, which broke out on the 2nd of September 1666.  It has since been dwarfed  — at least in scale — by subsequent man made wartime infernos, but this was time when cities like London were potential fire traps.
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The Siege


“So William, I beat you again!”

“Perhaps you should not brag so Georgina, when we are wed I may beat as often as I like.”

She hotly replied, “No man will ever beat me William Young, husband or not!”

Watching him as he unstrung his bow and started walking towards her, she immediately regretted her sharp-tongued reply. She remembered vividly her parents announcing her betrothal to him, the feeling of elation, the love for him. A feeling she had held from the very first moment they met, each time she looked at him love welled up inside her, so much that she thought her heart would burst.

As he approached her he said, “You are closer to the butt than me.”

“But always a better shot,” she replied. Read more of this post

Heaven’s Gate — The Great Plains


This week on Facebook: My attention was drawn to the death of Michael Cimino who died early this month, remembered more for his epic disaster in directing the film Heaven’s Gate than his cinematic successes that led him to it. I am an aficionado of western movies and despite its critics Heavens Gate was no exception. I saw the demise of the Great Plains as being implicit to Cimino’s theme of the Johnson County war. Hollywood has exploited the origins of this despoliation of the Great Plains in films such as Dances With Wolves and Cimino’s Heavens Gate. His allusions in Heaven’s Gate are still valid in the history of the Great Plains which, in less than 200 years, the intervention of man — unwitting or not — has endangered its environmental stability and continues to do so.  Read more of this post

A life of π


This week on Facebook a week of posts on the subject of pi (π) can surely only be of interest to a geek but don’t worry, there won’t be another week from me like this one until 2022. This week, beginning on Monday March 14, is known as world Pi (π) Day, which this year is 3.1416 (for those that use a non UK English notation).

Though as Michael Caine is wrongly attributed as saying, ‘Now there’s not many people know that’. I doubt that come tomorrow, the world would have been shaken by the riotous behaviour of those celebrating the advent of the day. Nevertheless, Monday’s annual event did result in the following π pertinent postings. (Incidentally — if the value of π is infinite: How can it be a constant?)

For those who, unlike me (apart from those befuddled moments brought on by old age) who are not geeky, there is always PI (π) Media.  I’m sure that you’re wondering why the name PI (π) Media was chosen.  Never short of an opinion about anything, I would hazard a guess that like the never ending π it’s intended to be a never ending source of online information. It may be of course that once a year it gets free publicity from us millions trawling the net annually in our never ending search for enlightenment regarding the never ending π. Read more of this post

I Liked Ike


Susan Eisenhower, the granddaughter of Dwight D Eisenhower, wrote an article for the Washington Post in 2011 with the title 50 years later, we’re still ignoring Ike’s warning. Her article referred to the ‘Farewell Address to the Nation’ made by her grandfather 50 years earlier, in which he said:  

“We must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defence with our peaceful methods and goals so that security and liberty may prosper together”. Dwight D. Eisenhower’s farewell address to the nation, January 17 1961

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The Bulletin

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The Real Economy

Hello, I’m Ed Conway, Economics Editor of Sky News, and this is my website. Blogposts, stuff about my books and a little bit of music

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

An Anthology of Short Stories

Selected by other writers

davidgoodwin935

The Short Stories of David Goodwin (Capucin)

The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Hello, I’m Ed Conway, Economics Editor of Sky News, and this is my website. Blogposts, stuff about my books and a little bit of music

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

An Anthology of Short Stories

Selected by other writers

davidgoodwin935

The Short Stories of David Goodwin (Capucin)

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