Tag Archives: morality

Nuclear Energy a solution or a problem?


This week on Facebook: Following last week’s post on Hinkley C, prompted me to ask if nuclear energy was a solution or a problem? What is nuclear energy? Is the energy sources of a State separated from its political system? The supply of nuclear energy has led to contentions between the State and its energy suppliers, particularly those involving the cost of nuclear energy. The State relies on electricity for much of its commercial energy and even more so for its supply of domestic energy. Electricity is now a source of global energy for any developed and developing State, both domestically and commercially. Nuclear energy supply¹ and the storage of nuclear waste², already electoral issues in the western world, are increasingly global political issues. Read more of this post

Influence — maybe?


On looking at some of my ‘drafts posts’ I came across one that included the case for HS2 and decided to post it this week. I am reminded of an article that I read some time ago when an Englishman was bemoaning the fact it took so long (with the appeals procedures) to get things ‘done’ in England. He was engaged in a conversation with a Frenchwoman on train journey through France, in which the Frenchwoman said, “Monsieur, in France, when we want to drain a swamp, we don’t tell the frogs what we intend to do.” I’m not sure if the remark was true, or the Frenchwoman was simply poking fun at the Englishman. Either way, I thought the Frenchwoman’s remark quite funny and recounted it to my colleague when we met for our monthly ‘pie and a pint’.

The subject came up when I asked him about HS2. He is a model rail enthusiast and knows far more about trains than I do, so I assumed that he would know about the HS2. It apparently is not a subject that appears great deal in model railway magazines and my colleague knew less about the HS2 than me. We did however end up discussing high speed rail in the word today (which he knew a lot about), and specifically in relation to the notion of comparative advantage (which I knew a lot about). Incidentally, I did remember an article that I had read on Japanese Bullet Train — probably attracted to it by its reference to the kingfisher.

Kingfisher perched on a branch — click image

 

On Friday morning I sat at my computer (unable to sleep) and searched for articles that may support the case for HS2. Clearly I am influenced by my own views, an Independent newspaper article appealed to me claiming that HS2 won’t improve Government’s poor record on infrastructure. Although I’m not quite sure if this is not simply a left wing newspaper popping at an austere  right wing government, or if it is seriously intended to address the lack of rail infrastructure in the UK.

The Independent article fails to mention that in practice that any UK government always spends more money than it receives as revenue and mentioned a report that predicted and expected economic growth in 2025. Economic growth? I live in a State dependent on deficit financing in which the public administration must raise the necessary finance. I have to wonder just how much I am influenced by what I choose to read on social-media.

Criminals & Taxation (reprise)


This week on Facebook: It was only casually reading about the Lloyds bank case that I decided to research some of the government’s financial losses¹ for which no one, and especially not a politician or apparently any other public servant is ever held responsible (the original can be viewed here).

I read that the fraud scandal carried out at Lloyds bank took the police six years to investigate at a cost £7 million (excluding the cost of the trial). The case was dealt with by the Serious Fraud Office (SFO) which, regardless of its successes and failures, as part of the public sector, has an impact on a seemingly inexorable budget deficit.

Certainly some investigative journalism usually results in a story reaching the public, it may even create a furore for a time, but the government know that any furore will eventually subsided and its cause forgotten. The fraud investigation by the SFO at Lloyds bank (a bank involved in a government £20bn bailout) resulted in six fraudsters being sent to jail and a possible £100 million compensation paid to small-business victims by Lloyds bank (1). Read more of this post

A little weed! (article reprise)


This week on Facebook: I never paid a great deal of attention to the issue of forbidden drugs and legislation but age has not only enfeebled my body but also my brain. Some time ago my attention was caught by an article linking cannabis and ageing (the original can be seen here) and it was curiosity that drew me to read the article rather than any desire to smoke pot.

This week I had a conversation with an artisan who does some work for me, and he was making the case against the legalisation of cannabis. This started me thinking about the subject for another post. Is there a connivance by the government to make Aldous Huxley’s 1962 prediction a reality?

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 

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Poetry & other ‘things’!


This week on Facebook: Not that I am short of things to write about but sometimes even I get bored with myself and my tendency to rabbit on and on Still, when I meet my ex-colleague for our monthly ‘pie and a pint’ we often discuss how little things have actually changed. Then we are both getting old and hold the geriatric view that the world is going to hell in a handcart.

Of course materially things have changed quite dramatically, particularly post WWII and especially for the following generations. Although I’m not sure that today Aaron Copland could call his piece Fanfare for the Common Man without raising a controversy. I’m sure that any such controversy would get a mention in the Encyclopaedia Britannica, unlike Copland’s sexuality. It seems that todays society has a predilection for declaring and writing about sexual orientation something that has yet to occur, at least in our conversation over a ‘pie and a pint’. But then it may all be part of a geriatric view that the world really is going to hell in a handcart.

Not so the epigram plus ça change, plus c’est la même chose, which is probably familiar to most of my generation. However, some of my family may read my reflections so for their benefit I will add that it was a somewhat cynical remark by Alphonse Karr translated as, “The more things change, the more they stay the same”. 

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But what is Money?


This week on Facebook: I have posted a lot on the subject of money, often referring to Investopedia, the International Monetary Fund, European Central Bank (which is not a ‘central‘ bank at all) and the Encyclopaedia Britannica¹.

  • Investopedia: Everyone uses money.
  • IMF: Money may make the world go around, as the song says.
  • ECB: The nature of money has evolved over time.

Holding the views I do about money and especially ‘the double coincidence of wants‘ problem, I now find myself torn between the notions of commodity money and fiat money. Of course whether or not either money has value ultimately comes back to the double coincidence of wants, this time being set by the Foreign Exchange Market².

The value of a country’s currency depends on whether it is a “free float” or “fixed float”. Free floating currencies are those whose relative value is determined by free market forces, such as supply / demand relationships. A fixed float is where a country’s governing body sets its currency’s relative value to other currencies, often by pegging it to some standard. Free floating currencies include the U.S. Dollar, Japanese Yen and British Pound, while examples of fixed floating currencies include the Chinese Yuan and the Indian Rupee. Foreign Exchange Market

The reasons for a State investing in another State’s money may be quite complex, which raises the question of if China’s wealth is in the free floating USA dollars debt that it owns, or the fixed floating currency of the Yuan. Read more of this post

What does inflation mean!


This week on Facebook: I am still being asked, “Who is it that this debt is owed to. The examples of  public debt that I referred to last Sunday appear’s to be of little concern to an electorate who assume that economic growth can continue unabated. The electorate’s assumption appears to be that the distribution of this perceived economic growth will be used to support the State’s spending on a social welfare programme. It ignores the history of their public administration’s attitude to debt and particularly to austerity. It was Germany that adopted the earliest modern social welfare programme under the aegis of Otto von Bismarck in 1889 (3).

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Sunday 28/7/2019


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.

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Screwtape revisited


This week on Facebook: Any human thoughts on Theism present many different conclusions, as do human thoughts on the subject of Atheism and you must draw your own conclusions. To a certain extent the Inklings shared religious views¹, particularly on Christianity. Views that were certainly more prevalent than they are today, I mention this because their shared religious views was probably the glue that held the Inklings together, that and the friendship between C.S. Lewis and J.R.R. Tolkien)². Read more of this post

Sunday 14/7/2019


I essentially use Facebook as a repository for my WordPress account, having had my fingers slightly burned by the demise of a previous social media site. Last week I was looking at some previous postings on C.S. Lewis that I was going to make reference to and found that some of the url links were ‘lost’, which is a common feature of social media. I replaced or deleted the links and next week intend to revisit C.S. Lewis with a posting titled ‘Screwtape Revisited’. most, if not all, of my C.S. Lewis reprises refer to Screwtape. Not long after I started seeing with my ex colleague for a ‘pie and a pint’, he remarked that any theist must lack intellect to believe such nonsense. I would not say that C.S Lewis and his ‘Inkling Friends’ lacked intellect. Read more of this post

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Martin Widlake's Yet Another Oracle Blog

Oracle performance, Oracle statistics and VLDBs

The Land Is Ours

a Landrights campaign for Britain

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

Blogs and stuff from Ed Conway

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

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