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Cherry Picking Democracy


My post Democracy – Do we really have it?stated my concern over ‘democracy’ being ‘Majority Tyranny’, perhaps I should have addressed some concern over a ‘Minority Tyranny’. Certainly the popular right-wing media seem to advocate that such minority tyranny as exercised by trade unions needs to be curbed.
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EUmenides


Not only a tragedy for Greece but a Greek Tragedy. The Eumenides appear in the final part  of  The Orestian Trilogy, a Greek tragedy  written by Aeschylus  around 500BC.  The Eumenides was a euphemistic name given by the Greeks to the Erinyes (Furies:Latin).  Eumenides means ‘the benevolent ones‘ and was a term used by the Greeks to avoid invoking the wrath of  the Erinyes (the avengers of wrong).

Greek Tragedy is a literary composition in which a central character, acting as the tragic protagonist or hero, suffers some serious misfortune which is not accidental thus rendering it meaningless, but is logically connected with the central character’s actions. Greek Tragedy stresses the vulnerability of human beings whose suffering is brought on by a combination of human and divine actions, but is generally undeserved with regard to its harshness.

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Euronomics


There is a view (especially in France) that the enemies of the Euro are the AS (Anglo-Saxons).  In my opinion this is not so.  I do not believe the AS are against the Euro but, in common with the Austrian School of Economics,  they are against its inherent flaws. As   points out in his article ‘The French Don’t Get It.  The French government just doesn’t seem to understand the real implications of the euro.   French officials apparently don’t recognize the importance of the fact that Britain is outside the eurozone, and therefore has its own currency, which means that there is no risk that Britain will default on its debt.  By contrast, the French government and the French central bank cannot create euros.  There is a second reason why the British situation is less risky than that of France. Britain can reduce its current-account deficit by causing the British pound to weaken relative to the dollar and the euro, which the French, again, cannot do without their own currency.  The eurozone fiscal deficits and current-account deficits are now the most obvious symptoms of the euro’s failure. But the credit crisis in Europe, and the weakness of eurozone banks, may be even more important. The persistent unemployment differentials within the eurozone are yet another reflection of the adverse effect of imposing a single currency and a single monetary policy on a heterogeneous group of countries.  These comments may be valid but in making the ‘French connection’, either Feldstein hasn’t been following recent European events very well, or he simply doesn’t understand the nature of the Anglo/French relationship, which is based on mutual distrust. Read more of this post

A Peace of Keynes – The Cake


John Maynard Keynes was temporarily attached to the British Treasury during the First World War and was their official representative at the Paris Peace Conference up to June 7, 1919; he also sat as deputy for the Chancellor of the Exchequer on the Supreme Economic Council. He resigned from these positions when it became evident that there was no hope of substantial modification in the draft Terms of Peace. The grounds of his objection to the Treaty, or rather to the whole policy of the Conference towards the economic problems of Europe, are contained in his book THE ECONOMIC CONSEQUENCES OF THE PEACE.  Written in 1919, when Keynes was 36 years old, this book brought him fame. It is, in part, condensed in the following, which covers Keynes’ deliberations on the accumulation and division of wealth leading up the First World War and the impact that war may have on it. Read more of this post

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

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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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