A passive disciple

A bear, who had worn himself out walking from one end of his cage to the other, addressed his keeper thus: 

“I say, friend, if you don’t procure me a shorter cage I shall have to give up zoology; it is about the most wearing pursuit I ever engaged in. I favour the advancement of science, but the mechanical part of it is a trifle severe, and ought to be done by contract.”

“You are quite right, my hearty,” said the keeper, “it is severe; and there have been several excellent plans proposed to lighten the drudgery. Pending the adoption of some of them, you would find a partial relief in lying down and keeping quiet.”

“It won’t do — it won’t do!” replied the bear,  with a mournful shake of the head, “it’s not the orthodox thing. Inaction may do for professors, collectors, and others connected with the ornamental part of the noble science; but for us, we must keep moving, or zoology would soon revert to the crude guesses and mistaken theories of the azoic period. 

And yet,” continued the beast, after the keeper had gone, “there is something novel and ingenious in what the underling suggests. I must remember that; and when I have leisure, give it a trial.” 

It was noted next day that the noble science had lost an active apostle, and gained a passive disciple.

Ambrose Bierce

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Sparrowhawk kill

Spotted on the lawn this morning, a sparrowhawk standing in the remains of its breakfast, probably a dove.

Not a great picture, but I only have a cheap camera. 

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The Co-operative: an announcement

Organisers of the Co-op's funeral service have asked for no Flowers. Donations may be made to a number of uncharitable funds instead.

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From telegraph.co.uk

From Elle magazine

North Korea Chic

Some iteration of the military trend stomps the runways every few seasons. This time, it's edgier, even dangerous, with sharp buckles and clasps and take-no-prisoners tailoring.

What does one say? Are they taking the p*ss?

All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Selecting the shameless

Is it the case that only shameless spivs and crooks are able to withstand the intense, manipulative scrutiny of the internet age?

If so, is the internet weeding out principled people in favour of the shameless?

Maybe by our endless, web-enabled scrutiny of public life we are deselecting anyone with an ounce of moral awareness or a scintilla of self-knowledge. They are too wary of the ghastly, furtive dishonesty of it all.

The hide of a rhinoceros and the moral compass of a rattlesnake may not be what we want from our leaders, but perhaps the internet is ensuring we get exactly that. Or more than we had before at least.

The subtle power of a web-enabled selection process could have dangerous consequences if we don’t sharpen up in time for the dwindling number of meaningful elections we have left.

How many is that by the way? One? Two?

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EU for the confused

As we lurch ponderously towards another General Election - John Ward thinks it might be called early by the Tories - doubtless there will be renewed efforts to paint UKIP and other Eurosceptics as haters of foreigners, European culture etc. This infographic may help clear up the confusion:

And if the term "Little Englander" (original meaning: anti-Imperialist) is misused yet again, please apply the following test of discrimination to the offender:

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Does economic recovery require inflation?

"Employing more folks who earn more produces inflation," says John Ward, and it's a brave man who takes him on... but... can I offer this and duck my head?

In the course of researching a piece last month about inflation, I came across this chart:



http://www.hist.umn.edu/~ruggles/hist5011/phelps-brown%20and%20hopkins.pdf

... and this information:

But the money system stabilised again by the late 17th century. The Bank of England's website has a page that lets you calculate cumulative inflation for any period from 1750 onwards. According to them, a basket of goods and services costing £1 in 1750 would have cost (the equivalent of) £1.80 in 1900 - an average annual inflation rate of 0.3%.

... from which I surmised:

That period covers the tremendous increase in productivity introduced by the Industrial Revolution and further late-nineteenth-century scientific and technological developments, so inflation is not needed for business and prosperity.

Indeed, it's possible that much of that 80% cumulative inflation over 150 years (1750 - 1900) could be attributed to war financing and profiteering e.g. during the conflicts with France.

So, do we need inflation at all?

More people making and selling more stuff and services may turn over more money, but then there's more for that money to buy, and more income and spending on which taxes can be levied.

So isn't deflation more about (a) wealth trickling - or rather gushing - up the social scale and then being socked away in investments rather than spent to stimulate domestic demand, and (b) the offshoring of production, whereby the poor of other countries do the work and the middlemen here (via entities that may be also sited offshore) taking much of the turnover as their profit, which leads us not back to doh but to (a)?

I tried to graph these putative connections in June last year as a reckless simultaneous opening of all the lock gates, thus:




Well, maybe I'm wrong.

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