Anglophenia
Published on 5 Nov 2014Remember, remember the 5th of November: Guy Fawkes is one of Britain’s most infamous figures. Who’s the man behind the mask made famous by V For Vendetta and the protest group Anonymous? Siobhan Thompson explains.
November 5, 2018
Who Was Guy Fawkes? – Anglophenia Ep 18
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QotD: Technological advance and the Knowledge Problem
Technology’s heightening of society’s complexity outstrips its heightening of the social planner’s informational capabilities. Hayek, like [Adam] Smith, drew a lesson for policy: Except in the most clear-cut cases of systemic harm, like air pollution, the supposition that government officials can figure out how to improve the results of decentralized (i.e., voluntary) decision making becomes more and more outlandish. In his Nobel lecture, Hayek called that supposition the pretense of knowledge. As intellectuals who ponder the complex workings of the social world, we really know little aside from one hardy fact: If those who participate in an activity do so voluntarily, each is probably bettering his or her own condition. The more complex the system is, the more skeptical we ought to be about claims to knowledge that go beyond and against that hardy fact.
Fred Foldvary and Daniel Klein, The Half-Life of Policy Rationales, 2003.
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November 4, 2018
Statistics Canada wants to become “Stasi”-tistics Canada by grabbing personal financial data
“Stasi” was the abbreviation for the German Democratic Republic’s State Security Service, East Germany’s successor to the Gestapo. Not only did they perform similar functions to the Gestapo, they were even more involved in spying on Germans than their Nazi predecessors had been. Wikipedia says that “the Stasi employed one secret policeman for every 166 East Germans; by comparison, the Gestapo deployed one secret policeman per 2,000 people. As ubiquitous as this was, the ratios swelled when informers were factored in: counting part-time informers, the Stasi had one agent per 6.5 people. This comparison led Nazi hunter Simon Wiesenthal to call the Stasi even more oppressive than the Gestapo.” Statistics Canada doesn’t want to get the full story on us by physically spying — that’s the RCMP’s job — but they do want to grab huge amounts of our personal financial data to “ensur[e that] government programs remain relevant and effective for Canadians”. Terence Corcoran explains why this might not be such a good idea:
When news broke earlier this year that the accounts of maybe 600,000 Canadian Facebook users had been compromised, Ottawa swung into action to shut down this alarming example of creeping surveillance capitalism. Scott Brison, then acting minister of democratic institutions, said his government had dispatched Canada’s national spy agency to make sure the privacy of Canadians had not been compromised. “Social media platforms have a responsibility to protect the privacy and personal data of citizens,” said Brison.
But when news broke last week that Statistics Canada wants to expand its inventory of data on Canadians by collecting real hard-core personal information on the banking activities of 500,000 Canadians annually, the Trudeau government was suddenly not at all concerned about privacy breaches or even the principle of privacy protection. Instead of waving a red flag over the prospect that StatCan would end up with computers full of private financial details on millions of citizens, Prime Minister Justin Trudeau brushed off privacy concerns, which he implied take a back seat to the government’s need for “high quality and timely data.” Such data, he said, are “critical to ensuring government programs remain relevant and effective for Canadians.”
Spoken like a true central planner and enthusiastic purveyor of policy-based evidence making. Nobody seems to know why StatCan wants to begin collecting personal banking information on individual Canadians, information that Canada’s bankers are rightly reluctant to provide. In the all-new era of fintech and blockchain, the great concern among regulators is how data privacy will be protected. At StatCan, the concern is: “How do we get our hands on the data?”
[…]
StatCan’s assurances on privacy protection are not all that reassuring. In a document dated October 2018 — obtained by David Akin at Global News— the chief statistician describes his agency’s “Generic Privacy Impact Assessment related to the acquisition of financial transactions information.” It is clear that the names of millions of Canadians, their bank account numbers and transactions, their bill payments and personal activities, will be collected and stored in government computers. StatCan is not merely getting useful generic data on the spending and banking habits of Canadians, it is collecting the actual spending and banking habits and names of individual Canadians.
It is one thing to collect and analyze statistics based on anonymous data. It is quite another to “require” — Arora’s word — that the banks provide “individual payments and income history.” Even though billions of bits of private, individual and personal information will be collected, StatCan says that, “Under no circumstances will the personal information obtained from financial institutions be used to perform credit, expenditure or income checks on individual Canadians.” He said none of the resulting statistical reports will include any personal data.
That’s not good enough.
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Molotov’s Heel on Finland and Nobody to Fight in the West – WW2 – 010 3 November 1939
World War Two
Published on 3 Nov 2018Ten weeks into World War Two, and the Allied ground forces are bored in France. In North-Eastern Europe, Poland’s suffering has no end and Finland is in the crosshairs of the USSR.
WW2 day by day, every day is now live on our Instagram account @World_war_two_realtime https://www.instagram.com/world_war_t…
Between 2 Wars: https://www.youtube.com/playlist?list…
Join us on Patreon: https://www.patreon.com/TimeGhostHistory
Or join The TimeGhost Army directly at: https://timeghost.tvWritten and Hosted by: Indy Neidell
Produced and Directed by: Spartacus Olsson and Astrid Deinhard
Executive Producers: Bodo Rittenauer, Astrid Deinhard, Indy Neidell, Spartacus Olsson
Research by: Indy Neidell
Edited by: Wieke Kapteijns and Spartacus OlssonColoring by Spartacus Olsson and Sarvesh
Archive by Screenocean/Reuters https://www.screenocean.com
A TimeGhost chronological documentary produced by OnLion Entertainment GmbH
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That pesky Supreme court ruling on the Churchill Falls deal
I use the term “pesky” in the headline to avoid being slagged by one or possibly even both of my Newfoundland and Labrador readers … to curry favour with them, I’d need to escalate from somewhere between “ethically doubtful” and “outrageous”, and even that might not capture the essence of anger and resentment at Quebec’s amazingly great deal long-term on cheap hydro-electric power from the Churchill Falls facility. It is, as Wikipedia says, “the second largest hydroelectric plant in North America, with an installed capacity of 5,428 MW”, and thanks to Quebec financing and astute negotiations, most of that output is sold to Quebec at a very small proportion of today’s open market price. Colby Cosh arches an eyebrow over a Supreme Court justice’s lone vote of dissent on the case:
Churchill Falls generating station, Labrador.
Photo via Wikimedia Commons.
It is my solemn duty to perform one of the important functions of a newspaper columnist: raising one questioning eyebrow. On Friday the Supreme Court issued a judgment in the long battle between Churchill Falls (Labrador) Corp., a subsidiary of Newfoundland and Labrador Hydro, and Hydro-Québec. CFLco is the legal owner of the notorious Churchill Falls Generating Station in the deep interior of Labrador, close to the border with Quebec.
The station was built between 1966 and 1971. Hydro-Québec provided backing when the financing proved difficult for the original owner, an energy exploration consortium called Brinco. This led to the signing of Canada’s most famous lopsided contract: a 1969 deal for Hydro-Québec to receive most of the plant’s output for the next 40 years at a quarter of a cent per kilowatt-hour, followed by 25 more years at one-fifth of a cent. The bargain ends in 2041, at which time CFLco will get full use and disposal of the station’s electricity back.
This has been a heck of a deal for Quebec. It took on the risk of financing and building the station in exchange for receiving the electricity at a low fixed price — one that both sides in the court case agree was reasonable at the time. But it meant that Newfoundland saw no benefit from decades of oil price shocks, from the end of nuke-plant construction in the U.S., or from the increasing market advantage hydroelectricity enjoys while dirtier forms of power generation attract eco-taxation.
It has been maddening for Newfoundland to remain poor while Hydro-Québec grows fat on the profits from a Newfoundland river. Quebec, for its part, has never been completely convinced of the legitimacy of its border with Labrador, and it sees its good fortune as a sort of angelic reward for having to be part of Confederation. The Churchill Falls deal is (quite reasonably) regarded as proof that Quebec’s homegrown industrialists were able to beat resource-exploiting Anglo financiers at their own game. There are thus reasons beyond the bottom line that Quebec has never wanted to renegotiate the Churchill Falls contract. But the bottom line is enough.
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Why did Soldiers Fight in Colorful Uniforms? | Animated History
The Armchair Historian
Published on 12 Oct 2018Sources:
Barnes, Major R. Money, A History of the Regiments and Uniforms of the British Army, London:
Sphere Books Limited, 1972
Carman, W.Y., Richard Simkin’s Uniforms of the British Army; Infantry, Royal Artillery, Royal
Engineers and other corps, Exeter, England: Webb & Bower, 1985
Chandler, David (Gen.Ed.), The Oxford Illustrated History of the British Army, Oxford: Oxford
University Press, 1994
Mollo, John, Military Fashion, New York, G.P. Putnam's Sons, 1972
www.warhistoryonline.com
Polybius, Histories, (www.perseus.tufts.edu)
https://www.warhistoryonline.com/hist…
Andrew Knighton
https://www.warhistoryonline.com/napo…
Andrew Knighton
The body of this video runs from 0:22 to 5:15. The rest is an extended ad, should you wish to avoid it.
One argument for the adoption of standardized uniforms in the 17th century was to help reduce straggling while the armies were on the move, and to limit desertion (individuals in their bright uniforms were quite visible if they were separated from the rest of their unit). Both straggling and desertion were significant problems for many armies during this period.
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QotD: LEED indulgences
I am not religious but am fascinated by the comparisons at times between religion and environmentalism. Here is the LEED process applied to religion:
- 1 point: Buy indulgence for $25
- 1 point: Say 10 Our Fathers
- 1 point: Light candle in church
- 3 points: Behave well all the time, act charitably, never lie, etc.
It takes 3 points to get to heaven. Which path do you chose?
Warren Meyer, “When Sustainability is not Sustainable”, Coyote Blog, 2013-07-30.
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November 3, 2018
Freedom’s Fighters with Tim Worstall
Adam Smith
Published on 1 Nov 2018Every month the Adam Smith Institute hails one of those who have fought the good fight for freedom over the decades. In this month’s Dr Madsen Pirie interviewed our blog maestro Tim Worstall, who visited the UK from his rather sunnier climes in Portugal.
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“[I]t makes no sense to punish Americans with tariffs in order to convince foreign governments to stop punishing their citizens with tariffs”
Veronique de Rugy discusses the mercantilist errors that still influence politicians and voters on free trade policies:
There are many changes to domestic policy that could help protect Americans from the predations of protectionism. For instance, when considering whether or not to grant U.S. firms “trade remedies,” such as countervailing duties, officials should have to take into account the consequences for American consumers of any tariffs they’re thinking of imposing. Policy makers aren’t currently required to do that, and one agency — the International Trade Commission—is actually forbidden from doing so.
This must change. Recent developments prove that it’s dangerous to simply assume all U.S. presidents and a critical mass of legislators will remain committed to the principles of reciprocal free trade. Buyers of imported goods or products made with imported materials — which, to be clear, is all of us — can’t depend on the economic acumen of the policy makers deciding whether or not to impose tariffs. Instead, consumer protections need to be built into the regulatory process. Because there are virtually always more workers in consuming industries downstream of the trade barrier than there are in the sector receiving the protection, a requirement to take the harm to consumers into consideration would make it very hard to impose protectionist policies.
Some free trade sympathizers have floated the possibility of Congress reclaiming its power to impose tariffs from the White House. Sen. Mike Lee (R–Utah), for instance, has introduced the Global Trade Accountability Act, which would require congressional approval for tariff increases or other “unilateral trade actions.” Unfortunately, if this otherwise well-designed bill became the law of the land, it would be akin to guarding the hen house with a hungry dog instead of a fox.
An extensive literature shows that moving tariff-setting policy away from Congress (and its parochial, locally focused interests) was a critical part of reducing protectionist influence in Washington. President Trump is terrible on this issue, but in general, a president is more likely than are members of Congress to consider the interest of the entire country — and, hence, to support broad trade liberalization.
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Shooting the M14: Full Auto Really Uncontrollable?
Forgotten Weapons
Published on 13 Oct 2018https://www.forgottenweapons.com/shoo…
http://www.patreon.com/ForgottenWeapons
Today we are out shooting the H&R M14 “Guerrilla Gun” prototype, but fitted with a standard M14 stock and barrel. With these parts, it handles and fires exactly like a standard M14 – so I can answer the most pertinent question:
Is the M14 really so uncontrollable in full auto?
Contact:
Forgotten Weapons
PO Box 87647
Tucson, AZ 85754If you enjoy Forgotten Weapons, check out its sister channel, InRangeTV! http://www.youtube.com/InRangeTVShow
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QotD: “Do you want to be married, or do you want to be right?”
Shortly before I got married, I received a piece of sterling advice that I have been mulling a lot over the last year: “You have a big decision to make: Do you want to be married, or do you want to be right?”
Even a good marriage offers a lot of opportunities for grievance. Suddenly, you cannot make any major decision without consulting this other person — who will, inconveniently, often have very different ideas from yours about where to live, what to spend the money on, how to raise the children, and whether to turn the basement into a home theater space or a library. (The correct answer, for those who are wondering, is “library.”)
The more determined you are to win every battle, the more likely you are to lose what’s important: the person you love so much that you have chosen to spend the rest of your life with them. And so every time you have a real disagreement — the kind that cannot be finessed by agreeing that tonight you’ll order Indian, and next time you’ll get Chinese — you have to think carefully before you decide to have that fight. Is this really the hill that you’re willing to let your marriage die on? Because if not, now’s a good time to shrug your shoulders and let them paint the ceiling teal. How often do you really look up there, anyway?
You have to decide this even when the grievances are more important than paint colors: Your partner snaps at you when they’ve had a bad day, leaves their junk lying around for you to pick up, spends too much money on things you don’t need, or vanishes whenever your family comes over. Some hills are worth dying on. But a lot of them are of no strategic value in gaining your ultimate objective: a long and happy partnership.
If you spend your marriage trying to ensure that everything is always rigorously fair and just, and grabbing the flaming sword of righteousness every time some minor wrong is done to you, you may soon find that you spend more time fighting than you would have picking up their towels or going into the other room to watch a movie because your spouse is in a bad mood. Or you may find that you have a peaceful, clean house that’s exactly as you want it — because you’re living there alone.
Megan McArdle, “Can This Political Union Be Saved?”, Bloomberg View, 2016-12-30.
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November 2, 2018
What cable news has devolved into
The great American philosopher @iowahawk on the degraded state of cable news programming:
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Austria-Hungary Disintegrates – The Ottoman Empire Leaves the War I THE GREAT WAR Week 223
The Great War
Published on 1 Nov 2018The Ottoman Empire has been on the retreat in the Middle East since the renewed British offensive in September and now, as the allies are threatening the Turkish heartland and also Constantinople, the Ottoman Empire calls for an armistice. The Armistice of Mudros is signed as the remaining Central Powers also struggle to keep their Empires together.
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Operation Choke Point
In Forbes, John Berlau details how expansive regulatory powers and vindictive bureaucrats make doing business in the United States less “free enterprise” and more “shame if something were to happen to it”:
Every Halloween, there exists the temptation for bloggers, pundits, and commentators to describe routine events in the news with adjectives like “scary” and “frightening.” Sensitive to sounding clichéd or inflammatory, I try usually to avoid using such terminology in my descriptions of the policy process.
Yet after reading through new documents introduced into a lawsuit stemming from the Obama administration’s “Operation Choke Point,” I find that “scary” and “frightening” actually fit. These documents show that powerful bank regulatory agencies engaged in an effort of intimidation and threats to put legal industries they dislike out of business by denying them access to the banking system.
While I am often outraged about things the government does, now I am truly scared and frightened about the ability of government bureaucrats to shut down arbitrarily whole classes of businesses they deem to be “politically incorrect.” As one who champions the FinTech sector and the benefits it can bring, I also worry that such powers may be uses to shut down innovative new industries, such as cryptocurrency, that carry some perceived or real risks.
Choke Point was a multi-agency operation in which several entities engaged in a campaign of threats and intimidation to get the banks that they regulate cut off financial services – from providing credit to maintaining deposit accounts — to certain industries regulators deemed harmful a bank’s “reputation management.” The newly released documents – introduced in two court filings in a lawsuit against Choke Point — show that the genesis of Choke Point actually predated Barack Obama’s presidency, and began when President George W. Bush was in power.
[…]
When the Obama administration came into power, the FDIC would expand the definition of “reputation risk” even further, and other federal agencies, bureaus, and departments would soon jump on the proverbial bandwagon. Much of Operation Choke point would again be accomplished by “guidance documents,” which my Competitive Enterprise Institute colleague Wayne Crews refers to as “regulatory dark matter,” since they have legal force but allow regulators to bypass the sunlight of the notice-and-comment process of a formal rule.
In 2011, an FDIC guidance document featured a chart of business categories engaged in what it called “high-risk activity.” These included “dating services,” “escort services,” “drug paraphernalia,” “Ponzi schemes,” “racist materials,” “coin dealers,” “firearm sales,” and “payday loans.” The FDIC would post this and similar lists in other guidance documents and on its web site.
A staff report of the House Government Reform and Oversight Committee puzzled over many of these categories. “FDIC provided no explanation or warrant for the designation of particular merchants as ‘high-risk,’” the report observed. “Furthermore, there is no explanation for the implicit equation of legitimate activities such as coin dealers and firearm sales with such patently illegal or offensive activities as Ponzi schemes, racist materials, and drug paraphernalia.”
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Intro to Business Fluctuations
Marginal Revolution University
Published on 11 Apr 2017This wk: Get acquainted with the basics of business fluctuations as we dive back into the final videos of our Macro course.
Next wk: Learn the basics of the aggregate demand-aggregate supply model.
Economic growth doesn’t happen at a steady pace; there are ebbs and flows. Prosperity on the national level depends on a country having good institutions in place. The factors of production – human capital, physical capital, and ideas – are also critical. And these variables often change, sometimes drastically.
In the United States, economic growth has averaged at about 3.2% for the past sixty years. But if you Google “US economic growth FRED,” you’ll quickly see that it’s not a smooth trend up. Instead, there are plenty of peaks and valleys, even though the U.S. has a relatively stable economy. Economists refer to these ups and downs around a country’s long-term GDP growth trend as “business fluctuations.”
“Recessions” are significant and widespread declines in employment and real income. But not only do people become unemployed during a recession, but capital and land often go un- or underused. This suggests that an economy is operating below its potential because resources are being wasted.
Recessions, large or small, are less than ideal states for an economy. We want people and resources well employed to produce more prosperity.
Over the next few videos, we’ll explore the basics of a model of business fluctuations called the aggregate demand-aggregate supply (AD-AS) model. We’ll put the model to use to look at how shocks affect an economy, and what policy can do to minimize the damage. Finally, we’ll apply the model to explain some of the largest economic catastrophes in United States’ history.
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