It seems to me that the nature of the ultimate revolution with which we are now faced is precisely this: That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude. (Aldous Huxley)
Stewart Morris in his essay Did Thatcher Governments Change Britain? and abridged greatly here, states that the changes of the Thatcher years were in political style; the attempt to present an image of ‘strong government’ to the electorate. Read more of this post
Finn had spent may years collecting the signatures from some of the most famous – and infamous – people in the world. Finn would collect mint ten shilling (10/-) banknotes and mail them to the person whose autograph he wished to collect , requesting them to sign and return the banknote. While such people received many requests from autograph collectors, Finn’s method of using a banknote was fairly unique at the time. He would often posses more than one autograph and provenance as to their origin.
BRITISH PHOSPHATES AND BEEF-EXTRACT, LTD. v. THE UNITED ALKALI AND GUANO SIMPLEX ASSOCIATION
Why is a jury? (Before Mr. Justice Mole)
This complicated action has now lasted thirteen days. Sir Ethelred Rutt, K.C., whose health has recently been causing general concern, made a startling attack upon the jury in his closing speech for the plaintiff to-day. He said: May it please your Lordship, members of the jury, me learned friend has just completed an eloquent speech which continued for two days, and was at least one day too long. I must confess it wearied me – Read more of this post
The Government, especially MI5, wish the Justice and Security Bill enabling secret courts to be enacted. A wish now reinforced by the recent trial of Vicky Price and the media furore raised when, in discharging the jury, Mr Justice Sweeney said: “In thirty years of criminal trials I have never come across this at this stage, never.” When enacted, the Justice and Security Bill will remove the last vestige of Magna Carta. Read more of this post
A recent article; 138 Years of Economic History Show that It’s Excessive PRIVATE Debt Causes Depression, states that government debt – over a certain level – does matter as it forms a drag on the economy, but private debt kills it.
Focusing on private sector debt (credit), the article referenced a National Bureau of Economic Research (NBER) working paper, The Great Leveraging, which analysed 138 years of economic history in 14 advanced economies. Read more of this post
Reflecting on Schrödinger’s cat the usual condition of cerebral nebulosity distracted my thoughts and the case of Rex v Jackson sprang to mind. This case, brought before Mr Justice Mole, required the jury to decide if suicide – whether successful or not - was an act of insanity. Read more of this post
A sequel to a death pact, the trial at the Old Bailey of Oliver Jackson, 22, was continued to-day, when Sir Ethelred Rutt K.C. made an impassioned plea for acquittal to the jury. Jackson and a young woman, Emily Jones, 20, took poison together, as a result of which Jones died; but Jackson, after a long illness, survived. This young man (said Sir Ethelred) stands before you charged with murder and attempted suicide. He looks a normal and healthy young man; he gave his evidence clearly and well; he appears to be responsible for his actions. He has admitted that he helped to administer to the dead woman the poison by which she died, and afterwards took some himself. Yet I ask you to acquit him on both charges on the ground that he is, or was, of unsound mind and not responsible for his actions. Read more of this post
Banks do not wait for a customer to deposit money before they make a new loan. Loans are made and recorded in a customer’s account as a debt to the bank. A customer’s debt also becoming a bank asset. The concept of ‘fractional reserve banking’ recognises that banks can lend out many times more than the amount of cash and reserves they hold at the central bank. This implies a strong link between the amount of money that banks create and the amount that they hold at the central bank. Something that is not true, any more than the assumption that the central bank has significant control over the amount of reserves banks hold with it. Read more of this post
The New Economics Foundation(nef) have published a guide to the UK monetary and banking system with the title ‘Where Does Money Come From?’. It contends that there is widespread misunderstanding of how new money is created, which may imply that the only widespread understanding of ‘money’, lies in its purchasing power. Drawing such an inference from the book seems reasonable. Read more of this post
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