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Some words in favour of monarchy

January 25, 2013 – 9:30 am

I rather like monarchy. I like the pomp and ceremony. I like the sense of continuity. (The Papacy, the Japanese monarchy, the English monarchy and the Danish monarchy are the oldest political institutions on the planet; the English coronation ceremony has elements that date back to Anglo-Saxon times.) I like monarchy’s capacity to separate the [...]

By Lorenzo | Posted in History, Law, Middle east | Also tagged Adam Garfinkle, afghanistan, al Assad, al-Saud, Anglo-Saxon, Arab Spring, Arab-Israeli conflict, Austro-Prussian War, Axis powers, Baharain, Cuba, Danish monarchy, Diana Princess of Wales, Egypt, Elliot Abrams, English monarchy, Fatima Zahra Mansouri, Frederick the Great, Great War, Hapsburg, Hassan II, Hohenzollern, Iran, iraq, Islamists, Japanese monarchy, Juche, Kim Family Regime, King Ernest Augustus of Hanover, King George V of Hanover, Kingdom of Hanover, Kingdom of Italy, libya, Macaulay, Mali, Mancur Olson, Marrakesh, Michael Totten, Mohammad V, Mohammad VI, Morocco, Mubarak, Nadia Bernoussi, Nicholas II, north korea, Otto von Bismarck, Papacy, Qaddafi, Queen Victoria, Romanov, Saddam Hussein, Salic law, Saudi Arabia, Shia, Sufism, Sultan of Oman, Sunni, Syria, Syrian civil war, Taliban, Timbuktu, UN Security Council, War of the Austrian Succession, Yemen, Yemeni civil war | Comments (25)

Debt and boom

July 19, 2012 – 11:02 am

The slogan for this post is: don’t think debt, think safe assets. (This post is partly provoked by this post by Paul Krugman responded to by Scott Sumner and by Marcus Nunes.) In my Debt, Doom and Despair post I noted that a hugely debt-burdened post-Napoleonic Wars UK (where the national public debt was probably about [...]

By Lorenzo | Posted in Australia, Britain, Economics, History, Public Policy, Taxation, Technology, Welfare | Also tagged Bank of France, Bank of Japan, Edward I, Ernest Gellner, Eurozone, Evan Soltas, foreign aid, GFC, ibn Khaldun, japan, Marcus Nunes, Napoleonic Wars, paradox of politics, Paul Krugman, public debt, risk, Scott Sumner, US Federal Reserve | Comments (3)