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Tag Archives: History
salus populi suprema lex
Brad DeLong has a nice concise post about the prevalence of Quantitative Easing and Credit Easing by Her Majesty’s Government in the 19th century – which also happens to be the golden age for the gold standard.
The Red Shift of the Price Level
In the prior post on financial entropy I outlined the source of macroscopic information loss in our financial system and how it arises from the creation of informationally insensitive money (bank debt) from a wide range of informationally sensitive debts … Continue reading
Posted in Financial Thermodynamics, Society
Tagged Financial Thermodynamics, History, Society
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Debt before Money
A worthwhile article here about the precedence of money and debt. Graebner argues that debt pre-dates money, as I have elsewhere. In what follows here I’ll assume you have read the above.
Is There Anybody out There?
Preface As regular readers will have noticed, my rate of posting has diminished significantly recently. Two reasons for that. Firstly, work, domestic and other project commitments have left me very short on time, and one thing I won’t do is … Continue reading
Monoculture
The notion of monoculture is part of the big picture covered in this blog. A monoculture is a life system with very low diveristy. The story of human history is one of inevitable accumulation of monocultures. This progression often takes … Continue reading
Tails Don’t Wag Dogs
What is fundamental and what is not? The answer is obvious and uncontoversial. If civilisation, and indeed all life, is a pyramid, then let us construct it. 1: A Natural Base The base layer of civilisation is nature which gives … Continue reading
Nominal Man
Alexander Hamilton, Nominal Man Intro From Wikipedia The First Report on Public Credit was the first of three major reports on economic policy issued by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of … Continue reading
Liminality [Part II]
Scepticus, WTF Are You Talking About? Some readers, especially new ones, may be wondering if I am a bit crazy trying to roll all this finance and money stuff together with ancient history and so on. If you have been … Continue reading
Back to the Future, Episode I
So much criticism is levelled daily at contemporary culture from all directions and ideological standpoints that we have come to convince ourselves that we are doomed to civilisational failure if not today then perhaps by the end of next week, … Continue reading
Phase Change [Part II]
Lets take a look at a wider perspective. World population. Men, women and children, since forever. Two Transitions I see two phase changes, one ocurring roughly between 10000BC and 1000BC, and another between roughly 1800AD and 2000AD. The difference in … Continue reading
