World War Two
Published on 19 Jan 2019As the Winter War rolls on the only help the Finns are getting are from volunteers. The Western Allies still have their thoughts on Norway, little do they know that the Phony War almost ends this week…
Follow WW2 day by day on Instagram @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: Iryna Dulka
Map animations by: Eastory
Community Manager: Joram AppelColorizations by Spartacus Olsson and Norman Stewart.
Photos of the Winter War are mostly from the Finnish Wartime Photograph Archive (SA-Kuva).
Eastory’s channel: https://www.youtube.com/channel/UCEly…
Archive by Screenocean/Reuters https://www.screenocean.comA TimeGhost chronological documentary produced by OnLion Entertainment GmbH
Thumbnail depicts First Sergeant John Horseholm and Åke Ek of the Swedish Volunteer Battalion in 1944
https://www.flickr.com/photos/jenosco…
Colorised by Jared Enos https://www.flickr.com/people/jenosco…
January 20, 2019
Swedes not Sweden to Finland’s Rescue – WW2 – 021 – January 19 1940
Identifying the real victim in the Burnaby South byelection mini-scandal
Andrew Coyne suggests that we should sympathize with the true victim:
You have to feel for the Liberal Party of Canada, who are surely the real victims in the Karen Wang affair.
The party had innocently selected the B.C. daycare operator to run in next month’s byelection in Burnaby South based solely on her obvious merits as a failed former candidate for the provincial Liberals in 2017, and without the slightest regard to her Chinese ethnicity, in a riding in which, according to the 2016 census, nearly 40 per cent of residents identify as ethnically Chinese.
Imagine their shock when they discovered that she was engaging in ethnic politics.
In a now-infamous post on WeChat, a Chinese-language social media site, Wang boasted of being “the only Chinese candidate” in the byelection, whereas her main opponent — NDP Leader Jagmeet Singh — is “of Indian descent.”
The party was instantly and publicly aghast. Pausing only to dictate an apology to be put out under her name (“I believe in the progress that Justin Trudeau and the Liberal team are making for British Columbians and all Canadians, and I do not wish for any of my comments to be a distraction,” etc etc), party officials issued a statement in which they “accepted her resignation.” Her online comments, the statement noted, “are not aligned with the values of the Liberal Party of Canada.”
Certainly not! How she got the idea that the Liberal Party of Canada was in any way a home for ethnic power-brokers prized for their ability to recruit members and raise funds from certain ethnic groups, or that it would even think of campaigning in ridings with heavy concentrations of voters from a given ethnic group by crude appeals to their ethnic identity — for example by nominating a candidate of the same ethnicity — must remain forever a mystery.
The Short-Run Aggregate Supply Curve
Marginal Revolution University
Published on 9 May 2017In this video, we explore how rapid shocks to the aggregate demand curve can cause business fluctuations.
As the government increases the money supply, aggregate demand also increases. A baker, for example, may see greater demand for her baked goods, resulting in her hiring more workers. In this sense, real output increases along with money supply.
But what happens when the baker and her workers begin to spend this extra money? Prices begin to rise. The baker will also increase the price of her baked goods to match the price increases elsewhere in the economy. As prices increase, workers demand higher wages to be able to afford goods at a higher price.
In this example, the increase in money supply initially increased nominal and real wages for the baker and her employees, but as prices begin to rise, real wages begin to fall, and workers can afford less. Overtime, the demand for the baker’s goods will fall to pre-spending levels.
The takeaway? An increase in spending can increase output and growth in the short run, but not in the long run. To model this scenario, this video will show you how to draw a short-run aggregate supply curve. Let’s get started!
QotD: Emotion and loyalty
As social psychologist Jonathan Haidt has argued for years, doing things in groups is really hard, and the larger the group, the harder it gets. Moral values like group loyalty — an instinctive group loyalty, not some dry intellectual thing carefully reasoned from first principles and self-interest — make it possible for us to do this very difficult thing. And the reason you can’t simply rely on a more intellectually attractive, well-reasoned version is that other people will not trust it. Your reasoning could change, or your self-interest could dictate that you betray them. Bedrock emotions are stickier. This makes them problematic, but it also makes them necessary.
Megan McArdle, “In Defense of Trump’s ‘Day of Patriotic Devotion'”, Bloomberg View, 2017-01-26.
