In this modern age of computer-assisted scheduling and twenty-four operations,you can be sure that if you mention that your schedule violates the ten-hour-between-shifts rule (I know the rule; it's just you have to do it to claim overtime), you are likely to get a worse one. I won't trouble you with the gory details, but I've lost most of my days off to a blur of disrupted sleep. If, therefore, this post smacks of a certain economy of effort, well, hey, at least I was able to write a big post last Sunday!
Swedish GDP per capita growth in comparison to world |
That being said, there are issues here that deserve addressing ahead of whatever happens next with Brexit, and a measure of resonance with the postblogging.
Last time, we saw The Economist urge Sweden to give up on the inflationary, high-investment programme. As it turns out, that was just plain bad advice, establishing that poorly-informed and partisan pundits really can make a difference. It's even more interesting when you contrast Sweden's Hugh Dalton-ish "trente annes glorieux" with Britain's Stafford Cripps-ish era. Initial budgetary returns reporting in the same number showing revenues disappointing to the low side, spending to the high, might be the first frost of winter.
Last time, we saw The Economist urge Sweden to give up on the inflationary, high-investment programme. As it turns out, that was just plain bad advice, establishing that poorly-informed and partisan pundits really can make a difference. It's even more interesting when you contrast Sweden's Hugh Dalton-ish "trente annes glorieux" with Britain's Stafford Cripps-ish era. Initial budgetary returns reporting in the same number showing revenues disappointing to the low side, spending to the high, might be the first frost of winter.
Might be. After all, Britain did pretty well in the "trente annes glorieux," too. Today's interest lies in another glorious thirty years, the 1713--43 of Cardinal Fleury and Horace Walpole, guarantors of European peace and the Sinking Fund.
The question is whether this might have been a reverse "thirty glorious years?" That is, did the "return to normalcy" in financial affairs during the long peace between the wars throw the earlier economic expansion into reverse? Did the War of Jenkin's Ear save the Industrial Revolution?
That's the speculation, anyway. Let's see how far it can be supported. Warning though. I'm writing this at 5 PM Friday night, I'm a little bleary, and I'm expected at work at 7 tomorrow morning, so don't expect any luxuries like proof-reading here.
The question is whether this might have been a reverse "thirty glorious years?" That is, did the "return to normalcy" in financial affairs during the long peace between the wars throw the earlier economic expansion into reverse? Did the War of Jenkin's Ear save the Industrial Revolution?
That's the speculation, anyway. Let's see how far it can be supported. Warning though. I'm writing this at 5 PM Friday night, I'm a little bleary, and I'm expected at work at 7 tomorrow morning, so don't expect any luxuries like proof-reading here.