I did warn people about the Euro in the late 1990s, when it was all new and what a previous boss of mine called “so shiny”. Rashly, I even took on a £25 bet with a young YEM fellow whose name now escapes me, and which I lost: what was that the Euro would fall irreversibly below 50p within a year of issue. I lost, and paid him.
I think he was called Nick something or other. If you’re reading this, Nick, then you’ll know who you are, and I’d like to talk to you again about the Euro although you might not want to as it seems to have hit on some inconveniences and embarrassments. And no, I don’t want the money back, it’s quite all right: anyway, I expect you and your bureaucrats have probably spent it long ago.
Perhaps the EUSSR founding fathers made an error in their strategic plan, when, due to the time when they set us all off on our journey to their Promised Land, the overt use of terror-police was, er, sort of slightly out-of-favour for the present, as there Continue reading
Note: This has nothing to do with libertarianism, but it is a subject I sometimes find of compelling interest. SIG
Feeding Medieval European Cities, 600-1500
Derek Keene (Centre for Metropolitan History, UK)
1. The medieval city: a problematic concept
I’m taking it as axiomatic, first that the large city cannot exist without a fertile and productive hinterland (which is itself a characteristic commonly praised in medieval descriptions of cities); and second, that whatever the natural endowment of the hinterland, its productivity will to a large extent be shaped by the growth of the city. A third axiom overrides the first: namely, that at a certain level of a city’s power or wealth, and given the appropriate transport and institutional infrastructure, its demand for supplies transcends the pedological limitations of its immediate hinterland, so that that the interplay between city and country can take place at a great distance from the point of consumption. Thus we enter the world of the Kenyan mange tout, an image not entirely inappropriate for understanding at least some aspects of the feeding of medieval cities. Continue reading
Medieval England Twice as Well Off as Today’s Poorest Nations
ScienceDaily (Dec. 5, 2010) — New research led by economists at the University of Warwick reveals that medieval England was not only far more prosperous than previously believed, it also actually boasted an average income that would be more than double the average per capita income of the world’s poorest nations today. Continue reading
by Kevin Carson
People raise the question of whether the network revolution, in one area of our common life or another, will be coopted by the old forces of hierarchy. Will the old institutions manage to hang onto life by incorporating network elements, and thus survive the transition to the new society — with themselves in charge of it? Continue reading
I get off luckier than poor Keats did!
The Churchill Memorandum – gift of the Gabb
EDWARD DUTTON visits a noted libertarian’s alternative universe
(Quarterly Review – Autumn 2011)
The premise of Sean Gabb’s novel is certainly imaginative. The year is 1959 but it is an alternative 1959. Hitler died in a car crash 20 years ago, there was no World War II, Churchill is dead and never became Prime Minister andEnglandis the land of the free while theUSA has become a totalitarian state. Continue reading