The Great Moderation is due to

Macroeconomic policy   2 votes - 50 %
Structural changes in the economy   1 vote - 25 %
Good luck   2 votes - 50 %
-   0 votes - 0 %
Listen to "Economics" next   1 vote - 25 %
Listen to "Early Middle Ages" next   2 votes - 50 %
-   0 votes - 0 %
A good plan violently executed now is better   4 votes - 100 %
A perfect plan executed next week is better   0 votes - 0 %
 
4 Total Votes
It's been mostly luck by jump the ladder (4.00 / 2) #1 Sat Jan 20, 2007 at 04:54:05 AM EST
Combined with technological change, a greater understanding on how to manage the economy and fortutious policy mix in this country.

The emergence of China in the last 15 years has significantly reduced inflation in the goods sector. The threat of outsourcing has kept wage inflation down.

Also Britain's only true internationally competitive  cluster, The City of London   financial sector, just like in the last era of globalisation pre-1914 has been the biggest winner of any European industry. If you specialise in manufacturing like Germany, this era has been very difficult.   

I think Germany by TheophileEscargot (2.00 / 0) #3 Sat Jan 20, 2007 at 05:57:53 AM EST
Is rated as being part of the Great Moderation too.
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It is unlikely that the good of a snail should reside in its shell: so is it likely that the good of a man should?
[ Parent ]
Warfighting by Scrymarch (4.00 / 1) #2 Sat Jan 20, 2007 at 05:30:58 AM EST
I dunno, sounds a bit wishy washy; aphorisms that could be applied to justify either side of a decision to me ... you know, like that notoriously useless text, The Art of War ...

The Political Science Department of the University of Woolloomooloo

Yes, up to a point by TheophileEscargot (4.00 / 1) #4 Sat Jan 20, 2007 at 06:01:14 AM EST
However, it doesn't claim to be a general guide to winning wars in general; it claims to be a guide to a particular way of fighting wars by manoeuvre rather than attrition, appropriate to a highly mobile force.
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It is unlikely that the good of a snail should reside in its shell: so is it likely that the good of a man should?
[ Parent ]
Teaching Company by ucblockhead (4.00 / 1) #5 Sat Jan 20, 2007 at 08:57:04 AM EST
Seems like they're selling what others are giving away for free.
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[ucblockhead is] useless and subhuman
heh by martingale (2.00 / 0) #6 Sat Jan 20, 2007 at 02:45:12 PM EST
If British arms controls standards are anything like British intelligence standards, then the debacle in Iraq does not bode well for your defense of the "tightest arms controls in the world".

BTW, wasn't Britain exporting torture devices a few years ago? Has that stopped yet? I guess excellence is in the eye of the beholder.
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$E(X_t|F_s) = X_s,\quad t > s$

Indeed by TheophileEscargot (2.00 / 0) #7 Sat Jan 20, 2007 at 11:02:09 PM EST
The Import, Export and Customs Powers act of 1939 and Export Control Act of 2002 regulate arms and restraint equipment relatively tightly, and people can be and have been prosecuted for breaking them.

In other countries, there are weaker laws or no laws, and hence no prosecutions.

Consider, for instance, France's arming of the Hutus before the Rwandan genocide. No laws against it, no prosecutions, no problem.
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It is unlikely that the good of a snail should reside in its shell: so is it likely that the good of a man should?

[ Parent ]
quite agree by martingale (2.00 / 0) #8 Sat Jan 20, 2007 at 11:41:32 PM EST
So we're agreed, just more of Blair's legal hot air solutions to make himself look good?
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$E(X_t|F_s) = X_s,\quad t > s$
[ Parent ]
An only partially effective measure by TheophileEscargot (4.00 / 1) #9 Sun Jan 21, 2007 at 12:26:44 AM EST
As real-world measures tend to be.

Read my sig some time...
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It is unlikely that the good of a snail should reside in its shell: so is it likely that the good of a man should?

[ Parent ]
sig by martingale (2.00 / 0) #10 Sun Jan 21, 2007 at 12:48:30 AM EST
"Defeat is the only thing this party understands. Defeat is a testimony to high ideals. Defeat makes no demands. Victory means you have to do something - and doing something always involves dissent and compromise and making mistakes."
Sounds great, but IMHO it's best to be skeptical about those who want to do something without regard for mistakes and dissent.

It's like signing a blank cheque, IYKWIM.
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$E(X_t|F_s) = X_s,\quad t > s$

[ Parent ]