Scratches to Sketches
Thursday, 20 February 2014
Wednesday, 19 February 2014
Tuesday, 18 February 2014
UK MIDDAY BRIEFING: Inflation Below Target For First Time In 4 Years - Finance News - London South East
Nice that the new Governor makes the same mistakes as the former! Where is the economics?
Bank of England chief Mark Carney: I can't control UK's soaring house prices | Mail Online
Earlier warnings went unheeded! Why was he ever brought to Britain?
Conservative Policy is too Reactive
Sounds like reactive rather than preemptive or precautionary approach. Being forced into a policy by bad policy is not good policy.
Baby Flew Out of Parent's Arms During Turbulence - United flight into Montana has rocky descent
You would expect a better planned flight.
On What Planet Is the Comcast Merger OK? - Paul Krugman thinks we've gotten too complacent about monopolies
Krugman is absolutely right, or should I say "correct"!
Monday, 17 February 2014
In Math We Trust: A Reply to Krugman's and Greenspan's Bitcoin Bashing
Bitcoins and the basis bitcoins is not something society can deal with effectively. One of the main problems with gold was its inability to be a useful policy instrument to stabilise economic expansion. With gold it was boom then bust. The boom was usually overdone and the bust was extraordinarily cruel. Monetary management by central banks has the notion of a social contract built in.
What has happened has happened because of lax rules at the Fed and was very regrettable in that the social contract was irreparably rift. Such harm from government sources is completely intolerable hence the fear and flight to older systems such as gold and bitcoin that are completely useless as a social contract.
It's far better to have an independent monetary authority that is smart enough to realise that inflation and deflation are inherently bad and socially destructive.
We need an inflation index that takes housing costs into account (long term inflation). Money supply needs to be predominately contained in savings for the future hence the need for interest rate hikes to stem inflationary pressures.
Bring back global warming | Toronto Star
At the very least it's going to be exponential without human intervention. I still worry about global cooling should Iceland's volcanoes suddenly gear up?
Global warming did NOT cause storms, says Met Office's senior experts | Mail Online
I suppose it is too too difficult for the Met Office scientists to figure out something that requires a little science about how the Global System originates above mountains in Asia and has adopted novel patterns for dealing with the novel pressures that build up over fifty years culminating in novel tendencies. It's like a gulch, damit!
Sunday, 16 February 2014
Saturday, 15 February 2014
Friday, 14 February 2014
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Sketches from scratches is a provocative blogspot that has grown out of the Wuh Lax experience. It is eclectic, which means that it might consider just about anything from the simple to the extremely difficult. A scratch can be something that is troubling me or a short line on paper. From a scratch comes a verbal sketch or image sketch of the issue or subject. Other sites have other stuff that should really be of interest to the broad reader. I try to develop themes, but variety often comes before depth.
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