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Jacques René Giguère
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Jodl, Halder, Von Kleist,Guderian, Rommel,Von Bock, Von Brauchitsch, Von Kluge, all argued not to go to Dunkirk: exhausted troops, worn out equipment,fear of a counter-attack on an extended point....
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They are indeed next to useless. I know by experience. And a few years back, I submitted invoices for expensive but covered procedures. They refused by misclassifying them. A year later, I received a letter of apologies about the "mistake". The letter ended by "However, due to expired delays, it is not possible to pay your claims."
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A store gift certrificate is restricted form of MOE in its use but not in value. Points are a restricted use MOE but they have their own exchange rate. The C$ has gone down against the US$ but my vacations in the US will cost me the same in Aeroplan and Choice Hotels points. These currencies hold up their value. They're like Keynes Bancor. National currencies waltz around but they retain their purchasing power. They can be devalued but internally: now it takes Y K points instead of X K to go from FK to LAX.
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Scott: "raises...inflation". Are you talking inflation as a monetary phenomenon or real prices rises due to falling terms of trade? They're so not the same thing....
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Humble IO guy think that whoever decide the exchange rate is controlling money and therefore issuing it. Casting coins, printing bills and changing magnetic polarity on a hard drive is manufacturing hardware not monetary policy. And real central banks have no liabilities (they dontt intend to redeem anything into anything) and no assets (they don't want to have anything redeemed to them). Talking of CB balance sheet is an origin story. It's cosmogony, not economics.
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The people didn't have full control. But at least they had the feeling that they could boot out those held responsible and the responsible felt that they could be bootrd out. But now, with "independant" central banks whose only goal is to maintain the reserve pool of the unemployed, international institutions who only care about empowering large corporations, they are left with national government whose only mandate from above is to explain why and how they are supposed to be ripped off. Yes they want control back.
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Frances: as Québec humorist Yvon Deschamps once said "Moman travaille pas, a trop d'ouvrage" "Mom doesn't work. She's too busy" https://amecq.ca/2017/05/16/moman-travaille-pas/ (the link is not to his monologue but to a real article...)
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Best wishes to the beautiful bride, the lucky husband and the proud father!
Toggle Commented Jul 10, 2017 on Special Day at Economist's View
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For years in the 90's-00's salaries for QC colleges (wages? is salary the name for professionnal white collars wage slaves emoluments?) were stagnating and recruitment very difficult. So admin asked for the current staffs to teach extra courses. At subsequent negotiations, Treasury Board argued that profs didn't have a heavy enough schedule and should either get extra load or lower pay (since they could teach extra courses) and didn't need increases as they taught extra... Does that fit in?
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Too busy with important family matters to comment with profundity. But there were a lot a speculation (and maybe studies) on the role of Radio-Canada radio and tv services on the birth of Québec modern culture and the Quiet Revolution. And Maurice Duplessis was a master of communications,see http://www.septentrion.qc.ca/catalogue/duplessis-piece-manquante-d-une-legende Who knows what First Nations programming will lead to?
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Lucas and Sargent got a Nobel. Neither Baumol or Alchian. Twice the tears. Enuf said.
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The Éco-musée du Fier monde (to which I referd recently) will have a new exposition beginning MAy 18 on the theme Nourrir le quartier, nourrir la ville (feeding the borough, feeding the town) http://ecomusee.qc.ca/evenement/nourrir-le-quartier-nourrir-la-ville/
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Mussolini didn't make the train run on time. He was a bully and people believed him when he told them to believe. Under every incompetent dictature, the people always say:"Ah thing would work so well if only the Great One knew!"
Toggle Commented Apr 26, 2017 on The demand for bastards at Stumbling and Mumbling
Lactose intolerance and cheese. "White cheese fresh cheese, cottage, ricota, bocconcini are not cheese but dairy products. Cheese happens when lactose is consumed (it takes 3-4 days) and the stuff begins to hardens and then the second chain of the triglycerides saponifies. Chemically, it os still a fat. But the digestive system doesn't treat as fat. Hence the french-mediterranean paradox. Other causes as well.
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The Écomusée du fier monde , a Montréal museum about working class life (french speakers will appreciate the pun in the name...) had an exposition a few years ago about milk in Montréal. https://ecomusee.qc.ca/collections/collections-ecomusee/le-lait-a-montreal/ And the Guaranteed Pure Milk is a beloved Montréal landmark https://en.wikipedia.org/wiki/Guaranteed_Pure_Milk_bottle
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"Sheepskin effect": You're only as good as your last record. You can go out of HS with a bang: "Mom I graduated!" or out of college with a whimper:"Mom, I failed at university..." There are medals for bravery and others for service but there is no diploma for two years of study (though some universities will tranform your fisrt two years into a certificate) :"Mom I have my degree!"
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Frances to cm: would it be because those who never tried have a better understanding of their abilities, a cognitive trait they can use all their life or are those who fail to complete are so marked by failure they get discouraged for a long time?
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Given that the federal monies are not mined from a magical fountain but come from taxes collected in the various provinces, most of the transfer, especially for Tier I provinces,is merely taxes collected in your own juridiction and given back with strings attached. Only Tier II provinces, all of them samall and insignificant in the grand scheme of things, receive something significant. What Tier I receive is now mostly a small compensation for their industrial economy being harmed by the oil curse. Which give rise to the toxic political meme of "(Select your favorite richer province) pays for (select your most despised slightly-less rich province)".
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Bizarre that the taxis I take have a credit card machine...
Toggle Commented Apr 1, 2017 on L'affaire Potter at Worthwhile Canadian Initiative
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The scene in HMS Ulysses in which sailors from a torpedoed ship cannot be saved as no one can stop the Arctic convoy and Ulysses ram them so they drown in the wake...
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July 27 1942. French maquisard Valentin Feldman is shot by the Germans. His last wordsto the firing squad: "Imbéciles c'est pour vous que je meurs!" "Imbeciles! It's for you that I die!"
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The big metropolises gaining in international migrants (plus an extremely arrogant intellectual class) while losing their domestic populations outwards is happening all over the western world (except Japan but then remember Kuznets: "There are four kinds of countries in the world: developed countries, undeveloped countries, Japan and Argentina".) In the current political climate, it is not ultimately a good thing.
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The pill didn't much to do. with it. It's merely another,maybe easier, mean of regulating your fertlity that you wished to regulate in the first place. (It's a family blog, so we'll skip the details...) In my own town, the college is situated at the edge of the city on a stupefyingly large site surrounded by a forest. It was supposed to be many times larger and would have been in the downtown area had the population reached the 300 K that was envisionned (we're merely 25K...) It also means problems with stagnating water in the main pipes as the flow is too slow in the too large pipes. It also has some other oddities such as if you go up a few kmona desolate rocky strreet, you suddenly find a large unpaved road six lane wide. It was supposed to link a luxury suburb of 150 K inhabitants to aforementionned downtown. Never paved as the auburbs wasn't built. Probably the world's largest forest trail.
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Whatever the financing, waste is waste. The US 2000's housing boom was privately financed. It ended up so well.
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This is of course routinely done in Europe and Canada. When I did my B.Econ. (not grad. school...) a course on Input-output matrices and modeling was compulsory. At the 2011 annual congress of the Association des économistes québécois (Québec Economists Association) we had Dale Jorgenson as guest speaker. He began his talk thus :"If I was a québécois or canadian economist, I would use an input-output matrix and be done in 20 minutes. But I am an american and it will yake me two hours. Sorry." Audience heartily laugh.
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