Tag Archives: book
Jul 28, 2019Posted by on
I did consider withdrawing this post, but it has made me look at ‘Measuring Worth‘ in a new light and is useful to me. Specifically it made me consider how complex the issue of inflation actually is in a fiat money world. Especially in the light of the Retail Price Index and the Consumer Price Index that comprise the items making up the UK’s ‘shopping baskets’.
The best that I could do was to measure the value of one pound (UK) using three sequential periods from 1947 until 1970 and from 1972 until 2018. I missed out 1971 as it was the year that fiat money was introduced into the global economy. Even so the cost of inflation to the consumer for a basket of goods not included in the RPI or CPI indices was hard to identify. This is particularly true of groceries that are considered to be a necessary expenditure. Food is approximately 10% of the basket depending on the percentage variability of the other included items. The following notes below point out that measurements of inflation are based on a fiscal policy that is related to the RPI, CPI indices.
Jul 13, 2019Posted by on
This week on Facebook: I would venture that there never has been a time in history of mankind when there was not a wealthy Aristocracy. The Encyclopaedia Britannica opens with the definition that aristocracy means, ‘government by a relatively small privileged class or by a minority consisting of those felt to be best qualified to rule’.
Of course the vast majority of people supporting this ‘privileged class’ have no desire to rule, they are only interested in their own welfare. However, the even smaller privileged class¹ that they currently support most certainly do. Furthermore, be they capitalists or socialists, or even the demos (whoever they may be), the ruling elites always claim that they represent the views of ‘we the people’.
It seems to me that the nature of the ultimate revolution with which we are now faced is precisely this: That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude. (Aldous Huxley – Berkeley 1962)
Written nearly 500 years ago and preceding Aldous Huxley’s remarks, the prescience of Étienne de La Boétie ought to be remembered for his essay The Politics of Obedience — The Discourse of Voluntary Servitude. Both are now largely forgotten by a demos that loves its voluntary servitude under a controlling oligarchy. However, searching for a political system on which there would be a consensus in the nature of a more perfect union is a fruitless task, as is any reliance on ‘we the people’ seeking political solutions to their subjugation. Read more of this post
Jun 23, 2019Posted by on
This Sunday on Facebook: Some years ago my youngest son gave me ‘Mort’ by Terry Pratchett, I don’t think that he gave it to me to start a conversation, I’m sure he just thought I would like it. It turned out to be one of those books that I ‘skimmed’ through, being (for my part) a time when my immortality was assumed. The book by Terry Pratchett was quite amusing in parts but not being a ‘Discworld‘ fan, as the reviewer above clearly is, I didn’t enjoy the read that much.
Jun 15, 2019Posted by on
This week on Facebook: I think that action on climate change (which I have been writing about) is a euphemism that enables people to write about the effects of Mathusianism, particularly when comparing economic growth and climate change. Not only is Malthusianism influencing world populations, it is increasingingly being used as a political weapon. A Malthusian catastrophe (in this case) precipitated by an Anthropocene Epoch which not even Thomas Malthus foresaw — a Malthusian world tied together more by individual concerns over economic growth of their State, rather than the ideology of climate change. Read more of this post
Jun 8, 2019Posted by on
This week on Facebook: It’s relatively easy to do research into environmental matter on line, I am a bit surprised how difficult it is to thoroughly research any view that may be contrary to the seemingly perceived consensus the climate change/global warming (call it what you will). However, perhaps a former president of Greenpeace¹ provides some explanation to this dichotomy. Read more of this post