Interesting Links for 23-06-2023

[andrewducker]

1. 57 different scripts that all descended from Egyptian hieroglyphs (from Latin to Aramaic to Tibetan to Javanese)

(tags:language history evolution )

2. I just discovered that the blobfish only looks ugly when it's been dragged up from the ocean depths.

(tags:fish )

3. Why was the Titan's hull made of carbon fibre?

(tags:materials submarine epicfail )

4. How does raising interest rates lower inflation? Why Bank of England hikes base rate to combat rising prices

(tags:economics )

5. India cuts periodic table and evolution from school textbooks

(tags:India science evolution education OhForFucksSake )

6. One of the best pieces of advice on making art

(tags:art advice )

7. Major report says pupils should not sit exams before fifth year

(tags:scotland school Education )

8. ID rules stopped more than 14,000 British people voting

(tags:uk identity voting OhForFucksSake )

Comments

[reverancepavane]

The problem with raising interest rates to combat inflation is that it is based on 1970's US economic philosophy, where rising labour prices were assumed to be driving inflation. However as Yanis Varoufakis points out in his latest book labour is almost completely decoupled from wealth generation in the West, since it was mostly moved off-shore to place with cheap or controllable labour, and most wealth in the West is being generated by rents (fees paid on capital). Which means that raising the interest rate has a negligible effect on the inflation rate. Which is almost always greedinflation - paying higher rents, usually in the form of stock dividends. The old 1950s balance between labour and manufacturing is long gone.