Brian Micklethwait's Blog
In which I continue to seek part time employment as the ruler of the world.Home
Andy on Aerobots
Rob Fisher on Is 2007 old enough?
Rob Fisher on The Leaning Stonehenge Tour Bus of Salisbury
Rob Fisher on Miniature photographic fakery
Michael Jennings on The Bayeux Tapestry – the ultimate horizontalised graphic
Michael Jennings on The Bayeux Tapestry – the ultimate horizontalised graphic
Brian Micklethwait on The Bayeux Tapestry – the ultimate horizontalised graphic
Rob Fisher on The Bayeux Tapestry – the ultimate horizontalised graphic
Rob Fisher on The Bayeux Tapestry – the ultimate horizontalised graphic
Sarren on Another place to look out over London from
Most recent entries
- AB mayhem
- At the top of the Monument - in 2012 and in 2007
- I said it twelve years ago
- Pete Comley talking about inflation on Friday February 27th
- Is 2007 old enough?
- January newspaper pages
- Drunkblogging a new London Big Thing
- Shadow photography (again)
- The Leaning Stonehenge Tour Bus of Salisbury
- Peter Thiel on striking a balance between optimism and pessimism and on how failure is overrated
- The Bayeux Tapestry small enough to fit in this blog
- True hearts and warm hands
- Photo-drones fighting in the Ukraine and a photo-drone above the new Apple headquarters building
- Exit Caesar
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6000 Miles from Civilisation
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Adventures in Capitalism
Alex Ross: The Rest Is Noise
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Chase me ladies, I'm in the cavalry
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Category archive: Politics
This coming Friday I have another of my Last Friday of the Month meetings at my home in London SW1. This coming Friday is, after all, the last Friday of the month, so the logic is inexorable. Every Friday (even if the last Friday of, say, December 2014, happened to be Boxing Day, as it was) there is a Last Friday of the Month meeting at my home.
I have been having email problems, in the form of people using gmail suddenly not receiving my emails, so even if you thought you were on my list but hear nothing via email, be assured that this meeting will happen. Try emailing me (which should work) and then telling your spam filter not to reject my reply, which you will have to do despite it being a particular individual reply. I know, crazy. I hope to write more about this problem in a posting at Samizdata, Real Soon Now.
Or, if you intend coming to this particular meeting, you could leave a comment below, and I will respond saying message received and look forward to greeting you.
Anyway, this coming Friday (Feb 27), Pete Comley will be talking about inflation. He has recently published a book on the subject, which you can learn about in this posting at Comley’s website. And you can hear what Comley sounds like and a little of how he thinks by listening to this short interview with Simon Rose of Share Radio.
The thing about Comley is that he takes a long-term - very long-term - view of inflation. He began a recent talk I attended by discussing inflation at the time of the Roman Empire.
And in the long-term, there are not one but two major influences on inflation. There is, of course, the supply of money, by the powers that be who have always insisted upon supplying money. And when they make too many coins, too many bank notes or create too much bank credit, the price of regular stuff in shops goes creeping, or rocketing, up. But there is also the demand for that regular stuff. In particular, human population fluctuates. At some moments in history, population shoots up. At other times it falls, or at the very least the rate at which it increases falls. Just now, in country after country, the birthrate is falling, and that has consequences for inflation.
Before you say it, I’ll say if for you. Many simply define inflation as the first of these two processes but not the second. Inflation is what money issuers do to the money supply. A price rise caused by rising demand is simply not inflation. It is a mere price rise. Fair enough. It certainly makes sense to distinguish these two processes from each other, however hard it may be for consumers to do this when both are happening to them. And if you do that by restricting the definition of inflation in this way, then be aware that Pete Comley’s talk will be about inflation thus defined and about price rises sparked by rising demand, and for that matter about price stability caused by static demand. (He says, by the way, that we might be about to enjoy just such a period of price stability. And although you can never be sure about such things, better handling of the recent financial crisis, and we might have got there already.)
There is also the question of what causes money issuers to inflate, in the second and more restricted sense of inflation. They seem to do this more at certain historical junctures than at others. Inflation, restrictively defined, does not just cause bad economic experiences; it is itself caused, more at some times than at others.
All very interesting, or so I think. Libertarians like me tend to be quite well informed about recent monetary history and about the evils of fiat currencies, the Fed, the Bank of England, and so on and so forth. We tend to know a lot less about similar episodes in the more distant past to what he have recently experienced. In general, we are more interested in the fluctuating supply of money than in the way that population fluctuations influence prices.
Pete Comley has a small but particular soft spot for me, on account of me having been the one who drew his attention to this book about the long-term history of prices (The Great Wave by David Hackett Fischer), which seems to have had quite a big influence on his latest book, which is called Inflation Matters. It certainly does.
Busy day getting ready for a Friday evening meeting, then having a Friday evening meeting. Now knackered. Therefore another quota photo. But it is at least one of mine:
As you can see, it’s another snap taken at that Charlie Hebdo demo in Trafalgar Square. What I like is the stoical dignity of the statue, surrounded by the demo which is completely not interested in the statue, and is something very different. I am not blaming anybody for anything, or comparing anyone to anyone else’s advantage or disadvantage. I just like the effect.
I didn’t make any use of this picture at the time, because what on earth would it illustrate that I wanted to say then? Nothing. It’s just a picture. And one that I happen to like.
More about Cunningham here.
Lexington Green, here:
What if … ?
What would a history of the British Empire look like if it did not use the “rise and fall” metaphor?
What would that history look like if it examined not just the political framework or just the superficial gilt and glitter, or just the cruelty and crimes, but the deeper and more enduring substance?
What if someone wrote a history of the impact of the English speaking people and their institutions (political, financial, professional, commercial, military, technical, scientific, cultural), and the infinitely complex web of interconnections between them, as a continuous and unbroken story, with a past a present … and a future?
In other words, what if we were to read a history that did not see a rising British Empire followed by a falling Empire, then a rising American Empire which displaced it, but an organism which has taken on many forms over many centuries, and on many continents, but is nonetheless a single life?
What if we assume that the British Empire was not something that ended, but that the Anglosphere, of which the Empire was one expression, is something that has never stopped growing and evolving, and taking on new institutional forms?
What if it looked at the unremitting advance, the pitiless onslaught, universal insinuation, of the English speakers on the rest of the world, seizing big chunks of it (North America, Australia), sloshing up into many parts of it and receding again (India, Nigeria, Malaya), carving permanent marks in the cultural landscape they left behind, all the while getting wealthier and more powerful and pushing the frontiers of science and technology and all the other forms of material progress?
What if jet travel and the Internet have at last conquered the tyranny of distance which the Empire Federationists of a century ago dreamed that steam and telegraph cables would conquer? What if they were just a century too early?
I recall musing along the same kind of lines myself, a while back.
The important thing is, this mustn’t be advertised first as a plan. If that happens, then all the people who are against the Anglosphere, and who prefer places like Spain and Venezuela and Cuba and Hell, will use their ownership of the Mainstream Media to Put A Stop to the plan. What needs to happen is for us to just do it, and then after about two decades of us having just done it, they’ll realise that it is a fate (as the Hellists will describe it) accompli.
Because, guess what, we probably are already doing it.
Today, a fine looking day, a day in which many were to be seen wearing both gloves and sunglasses, I went awandering, down Victoria Street to Parliament Square, and then on across the River.
And in Parliament Square, I chanced upon a demo. I hope to do a longer bit at Samizdata, hopefully tomorrow, about this demo. In the meantime, here is a little horizontality, helpfully laid on by the demonstrators:
Click to get the original bigger picture.
If you want further thoughts from me about “that fatuous construct of political malcontents” called real democracy, follow that link.
And see also what I put in this piece about the Charlie Hebdo demo in Trafalgar Square:
… this was not your usual demo, the sort of demo perpetrated by the demonstrating classes ...
Today’s demo was exactly your usual demo. Here is a report of what they were trying to do, that being something to do with “Occupy”. From where I was standing, they failed.
I couldn’t find mainstream media coverage about this demo between this afternoon and now, which could just mean that there was lots and I didn’t find it. Comments on that very welcome.
LATER: Here is an Evening Standard report. It seems that what I saw was a failed Occupy demo, bolted onto the end of a somewhat more successful CND demo against Trident.
ALSO: Daily Mail.
At that demo a week ago today, there were, of course, and abundance of smartphones being used to soak up snaps:
And there were tablets being used as well:
But more intriguingly, and this was a first for me, I saw smartphones …:
… and tablets …:
… being used actually to demonstrate. And as you can see, I wasn’t the only one who was interested.
I’m not sure what this means. I simply note that it was happening.
Sadly Jacob Rees-Mogg is not taking part, his cat wasn’t feline up to it. The big pussy. ...
Guido keeps going on about the Guidoisation of politics. But he, it would appear, is on the receiving end of the ever rising tide of internet cat references.
I’ve just been listening to Christopher Hitchens reading out what is apparently one of the chapters of his book God Is Not Great, and there is a cat reference in that also. Although down on dogs, it seems that the Muslims have tended, historically, to be nicer to cats than the Christians, because Christians have been in the habit of associating cats with the Devil.
Good grief! More Guido moggy-blogging.
Spent the middle of the day at the demo, taking my usual excessive number of pictures, and then the evening trying to divide them up into clumps to show here, or somewhere.
My main impression was that this was a real demo, rather than some faked up exercise in pretending to be angry about some bit of bad economic or political news that some bunch of people have just been hit by, but not very hard, with lots of identical signs all printed out by the same dubious Marxist agitprop organisation, and then afterwards lots of moaning about how the evil Mass Media paid no attention. There were a lot of people there:
Not surprisingly, there were a lot of French people present, what with London now containing so many French people. Also not surprisingly, the average age of those present was young, what with there being so many young French people in London.
My thanks to Goddaughter 2, now back in London, who told me that she and a friend were going to attend. Had she not done this, I would only have twigged that it was happening when it started happening and I saw it on the telly.
I have in mind, Real Soon Now, to be posting a clump of pictures of the signs and pictures that people were holding up, along the lines of these photos, that I took of a much smaller demo in London a while back, including the one above, and also including this one, which I especially like:
My immediate reaction to the Paris brouhaha was not: “I am Charlie Hebdo!” It was to take another crack at reading the Quran, to check if it really is as obnoxious as I remember it being the first time around. So far, it is, even more than I remember.
After an interminable day in trains, disconnected from the www, I finally got home, plugged myself back in again, with my British keyboard, and came across this (a comment on this), from Michael Jennings:
On dynasties, if the 2016 presidential election is Bush v Clinton, America will have definitively jumped the shark.
At the ASI Christmas Party
How the internet is cheering up Art
Pictures of Guy Herbert
The illustrations for Christian Michel’s talk this Friday (plus some thoughts from me)
At the Libertarian Home cost of living debate
Two guys on Westminster Bridge photoing ice creams in front of the Houses of Parliament
Michael Jennings at the Rose and Crown
Boris bus malfunction
Helter Skelter scrapped
Rob took photos
On meeting an American lady friend who likes to read my stuff about cricket
On not letting either God or (the other) God do everything
Postrel goes for Gray
BrianMicklethwaitDotCom musical quote of the day
Something at Samizdata
ASI Boat Trip 8: Bridges
New London bridge competition
ASI Boat Trip 4: Groups of posing people
What to call the sneerquote Salesforce /sneerquote tower? (plus a quite profound tangent)
I need a new passport but just now passports are a problem
Emmanuel Todd talking in English (about how the Euro is doomed)
The Lib Dem cat is out of the box
Lilburne on a T-shirt and Lilburne on a mug
Pictures of soon-to-be-built London Big Things
Guardian online is a group blog that trolls its own readers
Two badly lit views of “Victoria Tower” and why Big Ben is not St Stephen’s Tower or Elizabeth Tower
The Mayor and the towers
Green screen blue screen
Amusing cats versus important people
Sam Bowman on Bleeding Heart Libertarianism
Other things last Wednesday
Faberge - Brutalism
Ice sculptures in Docklands – Big Things from Docklands
Slightly wider tube trains
On the insecurity of ObamaCare - and on the unwisdom of only punishing big and later
Guido in the Spectator (and in Free Life)
Algernon Sidney sends for Micklethwait because Micklethwait is wise, learned, diligent, and faithful
The next four Brian’s Last Fridays (including December 27)
I’ve just been quotulated
Is this the beginning of the end of the Golden Age of Roof Clutter?
Craig Willy on Emmanuel Todd
BMdotCOM mixed metaphor of the day
Pictures from Georgia and Warsaw
Quotes of the day
Reflections on and in Westminster Tube Station
American election talk
Pollsters can’t say where things are but they can say which way they’re going
“No one has to know!”
Are Christian social conservatives using the Tea Party to impose social conservatism?
Don’t vote Democrat!
Reasons to think Romney is going to win big
Michael Jennings on how the taxis at Skopje airport are an evil racket and what he did about it
How llamas told us so – in November 2008
The strange state of the enviro-argument
Dream and reality in Mumbai
Literally the light switch of leadership
There’s a Communist in the White House
Steve Baker MP
The England rugby aftermath
Jarrod Kimber on biased cricket commentators
Go Gary Johnson!
Freedom Tower and Gary Johnson at Samizdata
Friday link dump
Three videos from the USA that I recently watched
A potential challenger for Gary Not-Obama
Gordon Brown curses the United Kingdom
The Armstrong Gun
After the wedding
Go Not Obama!
Excellent new word
Everything competes with everything
BrianMicklethwaitDotCom quote of the year so far
Me and Patrick Crozier talk about the banking crisis and its possible consequences
Emmanuel Todd quoted and Instalanched
The Green alliance
A down and up weekend
BrianMicklethwait Dot Com QotD
Malcolm Hutty on protecting the internet
“I was banished to a separate room …”
MP’s kitten custody battle
James Waterton on a very smart very dumb Russian
Another link enema
Beyond the Dome with Goddaughter One
K Street - metonym - synecdoche
Links to this and that
Perfectly clear politics
Ums and ahs
303 Squadron in the movie and on the telly
At the launch of Alchemists of Loss
Shard sitings and and an agreeably honest rabies prevention sign
Frank J random thought for the day
A demonstration I could join
Paul Marks on why the ex Prime Minister of Japan is not like Obama
Steve Davies lecture - photoing and videoing the lecture - post-lecture chat
One child poster
Brightly lit buildings against a dark sky
Darling and Darling cat
Gordon Brown proves Guido was right about him from the start and Ed Balls not nice either shock
Three cheers for Molly Norris but also a few small grumbles
I flipping told him
Tim Evans talks about David Cameron
Voice and exit
Man photographed by women!
Does Google now rule the world of computing?
Nasa and Gordon Brown both have their uses
Antoine Clarke on the Massachusetts election and the online effect
SAY NO TO GOVERNMENT MOTORS
The right to photograph
Those angry Americans
How some cats are dividing Cyprus
A great Johnathan Pearce Britain-can-dump-the-EU blog posting - and the value of informative titles
Antoine Clarke on the recent US elections: still a conservative nation
Antoine Clarke talks about Facebook and Twitter – Guido and … Ian Geldard?
Paul Marks on the financial crisis and on the badness of Obama
Gordon Brown dithers about rugby - cricket’s on the up
Prodicus (and me) on the shitness of the LibDems
Bercow versus the party which picked him
Was it Sweeney? And what else were they trying to suppress?
Why I vote against AGW
Johanna Kaschke versus the Deluded Leftwinger
The Labour Party finally agrees on a new Prime Minister to replace Gordon Brown
Making the IOC feel important with a personal lubricant
Old Holborn lets rip at Labour in a Guido comment
Why I object to Madam Scotland and why I don’t
At least libertarianism is understood over there
In which this blog indulges in an I Told You So moment concerning Speaker John Bercow
Alex Ross on Sibelius
The curse of Gordon Brown is now ruining the England cricket team
Magic bottle that makes dirty water drinkable
What Bercow does next
Tienanmen + Twitter = Teheran
Hislop fluffs the rhyme
Another London lump?
Great photo of David Blunkett
Why I also don’t much like John Bercow
Minimum Wage flatvert at Guido’s and Iain Dale’s
Labour down – silly parties up
Photographers in bother
What The State looks like
Indy Flatverts and a Guido Q&A
Bloke in posh suit holding Real Photographer camera like it’s a Billion Monkey camera!
Thoughts on the Go Gordon petition
Anti-politics versus (or just and) the heroic delusion
Croziervision of default
My opinion of yesterday’s budget
Two Samizdata comments on the sinking of Brown and on the sinking of the Daily Telegraph
“What did you just say?”
At Samizdata: cricket - crime - Kevin Dowd quote
Signs of the times in Belfast
Daniel Hannan and the shape of the media to come
Someone called Rick wants me to puke on President Obama
It all depends on whether there is anything worth Twittering
Michael Jennings on shoring up the bad old economy versus building a good new one
Quota quotes from Wodehouse
Colonial Governor’s Mansion dwarfed by modernity
Lang Lang crushes Yundi Li!
Ruminating about politics and ideology
Media bias as asset stripping
Another pendulum theory
Metaphor muddle alert
Reasons to be a bit more cheerful
Antoine and Michael on what to do now
Antoine Clarke on the financial turmoil and the US election
Gordon Brown to guarantee everything
Tom Burroughes on the banking crisis
Wonderwoman picked by Unsuperman
Might Gordon Brown pull an EU referendum rabbit out of the hat?
Obama still won’t do nasty
Chivalry and the mad feminists
“She put the governor’s jet up on e-Bay …”
Ken Livingstone was beaten by the billboards!
North Carolina Billion Monkeys mad for Obama!
The writing on the wall
Switching from dumb bombing to smart bombing
If the Jews have been running the world they haven’t been doing it very successfully
Armed is less dangerous
The British Public continues to dislike too-high-and-rising taxes
Today I have been blogging elsewhere and also doing other things
Bird’s Nest in smog
A new British citizen
Brown leapfrogs Cameron with 36 point jump
Freedom of information
Guido Fawkes gets Douglas Jardine wrong
What I have seen so far while abroad
Guido on Gordon
Those were the days and these are no longer the days
The absurdly derided excellence of British weather forecasts
“Let’s get cracking tomorrow. Let’s have a drink tonight.”
Politics again …
Voting for Boris?
The Messina Suspension Bridge is on again
The personal and the political
“Better value on goods and services across a wide range of categories …”
Paying a visit to Mum
Slow day here
Paul Marks told us so
Dominic Lawson on Herbert von Karajan
Talking with Antoine about the US election and about libertarian politics in the US and in the UK
Not a hot day in January for the Billion Monkeys!
The Puerto Rican candidate
Theodore Dalrymple on the menace of honest public officials and much else besides
The Shard is a Middle Eastern skyscraper but in London that still counts
Obama a loser?
Antoine Clarke on the US Primaries – either Obama will beat McCain or McCain will beat Clinton
Blogging – the end of the beginning
Antoine Clarke talking about the US Primaries
The new South Bank
Blu-Ray - HD DVD – IBM – Microsoft - Google
Great but not great
No number two in Venezuela
Probably not right - but definitely written
“Don’t burn your bridges before they’re hatched …”
The bridge that was going to make Westminster a fine city and London a desert
The UK is not crowded
“How much better …?”
From 100 to 1 in movie quotes and Gordon is a moron
Socialising with the Social Media
Breaking the Left’s stranglehold on the moving image
Nothing untoward happening!
Bush on Cuba
Will China fail?
The Emperor Jones
Lib Dems edge towards school choice
End the medical monopoly!
Antoine Clarke on the French National Assembly elections
Don’t be a physics teacher
Is Jeremy Paxman a closet libertarian?
A surprising outburst of truth
Antoine Clarke on Sarkozy
Antoine on Sarko’s win
Serious tax cutting
If they don’t get who they would have preferred then silly them
“What do YOU think?” - “More -isationisation!”
Billion Monkeys photo their own demo!
The Conservatives prepare for power
Darrin M. McMahon and me and George Orwell on the pursuit of happiness
Some plain English
Not cool and cool
The Great Global Warming Swindle debate now begins
Church dwarfed by modernity
Fat Man on a Keyboard
Whatever it is and no matter how illegal it already is … there ought to be a law against it!
One man one blog
So what’s this about then?
Screw you Dove – good on you Ruth Kelly – the right to avoid gay adoption
Emmanuel Todd (1): Anthropology explains ideology
More on the Lib Dems
Antoine says why he got the midterms wrong
Leon Louw talks about the habits of highly effective countries
Do the Lib Dems just tell everyone what they each of them want to hear?
Hands off the Net
Oscar Wilde defends society
How blogging is making Conservatives more polite to each other
Antoine Clarke talks with me about votes for women (and teenagers) – and about Sweden
29th and 14th
Latest Brian and Antoine mp3 - Middle East, Mexico, USA
Jeffrey Archer - blogger
Latest Brian and Antoine mp3 on democracy etc. - UK, Latin America, China
One for Global Guido to celebrate
Antoine gets Mexican election right
The latest Brian and Antoine elections around the world mp3
Brian and Antoine democracy mp3 number twelve
Latest Brian and Antoine elections around the world mp3
This is Iain Dale’s seventh favourite non-aligned blog
Brian and Antoine mp3s now into double figures
Billion Monkey snaps shadow chancellor!
Brian and Antoine number 9
The latest Brian and Antoine mp3
At last - the latest mp3 from me and Antoine
Young People models for Old People
On style and politics
The latest Electionwatch mp3
The latest Brian and Antoine Election Watch podcast and some thoughts on democratic nastiness
More election podcasting
Election Watch podcast number three
American partisans and American voters
More from Antoine Clarke about elections around the world
A second podcast (and it was rather too long)
On stand-up comedy and politics
Changing the names of cities
Charles Rosen on Richard Taruskin and on the socially unbound nature of some of the greatest music
The many faces of the LibDems
Help the struggle against DRM!
“The Internet has also brought a new class of people into politics”
He loved my book
Talking about my generation
“The basis is economic development”