scholarly journals Keynes, inflation and the public debt: How to Pay for the War as a policy prescription for financial repression?

2020 ◽  
Vol 27 (2) ◽  
pp. 187-209
Author(s):  
Sebastian Teupe
Keyword(s):  
World War Ii ◽  
Interest Rates ◽  
Public Debt ◽  
Historical Record ◽  
World War ◽  
Financial Repression ◽  
The Public ◽  
The United Kingdom ◽  
Money Illusion ◽  
Policy Prescription

Recent contributions on ‘financial repression’ and ‘money illusion’ have referred to Maynard Keynes's How to Pay for the War as a supporting document. This article discusses whether Keynes prescribed policies of ‘financial repression’ that were implemented in the United Kingdom, and other countries, following World War II. It seems reasonable that Keynes's writings were instrumental in translating British monetary experiences of the 1920s and 1930s into expectations of policymakers during and after World War II, including a belief in ‘money illusion’ that suggested the use of inflation for driving down real interest rates of public bonds. If this was the case, How to Pay for the War could indeed provide an important explanation for the why and when of ‘financial repression’. This article argues that How to Pay for the War only partly provided support for a policy of ‘financial repression’, and none for using inflation as a ‘tax gatherer’ to the detriment of domestic savers in general. Crediting Keynes as a source for widespread ‘money illusion’ is also out of line with the historical record.

Fifteen Years of Central Banking in Honduras

1967 ◽  
Vol 9 (4) ◽  
pp. 488-506 ◽  
Author(s):  
Richard A. LaBarge ◽  
Frank Falero
Keyword(s):  
World War Ii ◽  
Central Bank ◽  
Interest Rates ◽  
Central Banking ◽  
Primary Sources ◽  
World War ◽  
Monetary Policies ◽  
The Public ◽  
History Of ◽  
Commercial Paper

The purpose of this paper is to draw together from primary sources the case history of formative policy years for the Central Bank of Honduras. This bank, like others formed throughout the underdeveloped world in the post-World War II era, was created in 1950 as a vehicle for stimulating economic growth. In retrospect over 186 months of operations this particular Central Bank has an unusually outstanding policy record—a record which argues forcefully for appropriate monetary policy as a stimulant to economic advance.The first meeting of Central Bank directors was held on May 31, 1950, for the purpose of establishing the major monetary policies under which the Bank would commence operations July 1. At that meeting the directors established a schedule of maximum interest rates to be charged by the public commercial banks and a schedule of rates at which eligible commercial paper of 12 months maturity or less could be rediscounted with the Central Bank.

The Suffering of the Perpetrators: The Ethics of Traumatic German Historicity in Karen Bass's Young Adult World War II Novels

2014 ◽  
Vol 7 (1) ◽  
pp. 64-77
Author(s):  
Doris Wolf
Keyword(s):  
World War Ii ◽  
Young Adult ◽  
Public Sphere ◽  
Childhood Studies ◽  
Historical Narratives ◽  
World War ◽  
The Public ◽  
The Past ◽  
Adult World ◽  
The Public Sphere

This paper examines two young adult novels, Run Like Jäger (2008) and Summer of Fire (2009), by Canadian writer Karen Bass, which centre on the experiences of so-called ordinary German teenagers in World War II. Although guilt and perpetration are themes addressed in these books, their focus is primarily on the ways in which Germans suffered at the hands of the Allied forces. These books thus participate in the increasingly widespread but still controversial subject of the suffering of the perpetrators. Bringing work in childhood studies to bear on contemporary representations of German wartime suffering in the public sphere, I explore how Bass's novels, through the liminal figure of the adolescent, participate in a culture of self-victimisation that downplays guilt rather than more ethically contextualises suffering within guilt. These historical narratives are framed by contemporary narratives which centre on troubled teen protagonists who need the stories of the past for their own individualisation in the present. In their evacuation of crucial historical contexts, both Run Like Jäger and Summer of Fire support optimistic and gendered narratives of individualism that ultimately refuse complicated understandings of adolescent agency in the past or present.

Charles de Gaulle and European Community

2020 ◽  
Vol 2020 (10-3) ◽  
pp. 70-81
Author(s):  
David Ramiro Troitino ◽  
Tanel Kerikmae ◽  
Olga Shumilo
Keyword(s):  
World War Ii ◽  
European Community ◽  
World War ◽  
Charles De Gaulle ◽  
The United Kingdom ◽  
History Of ◽  
The Common ◽  
Post War ◽  
De Gaulle

This article highlights the role of Charles de Gaulle in the history of united post-war Europe, his approaches to the internal and foreign French policies, also vetoing the membership of the United Kingdom in the European Community. The authors describe the emergence of De Gaulle as a politician, his uneasy relationship with Roosevelt and Churchill during World War II, also the roots of developing a “nationalistic” approach to regional policy after the end of the war. The article also considers the emergence of the Common Agricultural Policy (hereinafter - CAP), one of Charles de Gaulle’s biggest achievements in foreign policy, and the reasons for the Fouchet Plan defeat.

The Roots of Global Health Inequity

2017 ◽  
Author(s):  
Joia S. Mukherjee
Keyword(s):  
Health Care ◽  
World War Ii ◽  
Primary Health Care ◽  
Economic Policies ◽  
World War ◽  
The Public ◽  
The World Bank ◽  
Primary Health ◽  
The Cold War ◽  
The Impact

This chapter outlines the historical roots of health inequities. It focuses on the African continent, where life expectancy is the shortest and health systems are weakest. The chapter describes the impoverishment of countries by colonial powers, the development of the global human rights framework in the post-World War II era, the impact of the Cold War on African liberation struggles, and the challenges faced by newly liberated African governments to deliver health care through the public sector. The influence of the World Bank and the International Monetary Fund’s neoliberal economic policies is also discussed. The chapter highlights the shift from the aspiration of “health for all” voiced at the Alma Ata Conference on Primary Health Care in 1978, to the more narrowly defined “selective primary health care.” Finally, the chapter explains the challenges inherent in financing health in impoverished countries and how user fees became standard practice.

The British Are Coming!

2018 ◽  
Author(s):  
Bernardo Bátiz-Lazo
Keyword(s):  
United Kingdom ◽  
Historical Record ◽  
Prime Mover ◽  
The Public ◽  
The United Kingdom

Chapter 3 (‘The British Are Coming!’) explains the origins of the technology in the United Kingdom. It is widely assumed that the operation of a machine in the Enfield branch of Barclays was the ‘prime mover’ in this industry. However, the historical record fails to identify a hero inventor; rather multiple independent versions of the cash machine were launched at more or less the same time in different countries. Yet in spite of the great fanfare, there was no real race to market. There is no evidence the engineers responsible for them knew of each other’s existence before this launch (but many bankers did). Four years later, very few members of the public knew the cash machine existed, even less had used them and only a handful found them convenient.

Exploring political rupture through Jewish children’s diaries: Kindertransport children in France, 1938-1942

2021 ◽  
pp. 161189442110177
Author(s):  
Laura Hobson Faure
Keyword(s):  
World War Ii ◽  
Childhood Studies ◽  
Political Environment ◽  
World War ◽  
Daily Lives ◽  
The United Kingdom ◽  
Nazi Occupation ◽  
Jewish Children ◽  
European Jewish ◽  
Children's Testimony

This article focuses on France as a refuge for unaccompanied Central European Jewish children on the eve of World War II. Contrary to the United Kingdom, which accepted 10,000 Jewish children through Kindertransport, only 350-450 children entered France. This article utilizes children’s diaries and organizational records to question how children perceived and recorded their displacement and resettlement in France, a country that would soon be at war, and then occupied, by Nazi Germany. By questioning how these events filtered into and transformed children’s lives, I argue that the shifting political environment led to profound transformations in these children’s daily lives long before their very existence was threatened by Nazi–Vichy deportation measures. Most children were cared for in collective children’s homes in the Paris region in which left-oriented educators established children’s republics. Yet the outbreak of war triggered a series of events in the homes that led to changes in pedagogical methods and new arrivals (and thus new conflicts). The Nazi occupation of France led to the children’s displacement to the Southern zone, their dispersal into new homes, and the reconfiguration of their networks. This analysis of children’s contemporaneous sources and the conditions under which they were produced places new emphasis on the epistemology of Kindertransport sources and thus contributes to larger theoretical discussions in Holocaust and Childhood studies on children’s testimony.

THE PEDIATRICIAN AND THE PUBLIC

PEDIATRICS ◽  
1955 ◽  
Vol 15 (4) ◽  
pp. 479-487
Author(s):  
John A. Askin ◽  
Kurt Glaser
Keyword(s):  
World War Ii ◽  
World War I ◽  
Old Testament ◽  
Jewish People ◽  
Jewish State ◽  
World War ◽  
The Public ◽  
Short Period ◽  
State Of Israel ◽  
Made In

IN SPITE of a short period of sovereignty— less than 7 years—the State of Israel is playing an important role in matters pertaining not only to the Middle East but, in some respects, in matters of importance to the whole world. In medicine the advances in Israel have been no less striking than the progress made in other fields. It is felt that the pediatricians of our country might be interested to learn about Israel's medical status, particularly pertaining to pediatrics. Palestine, of which the present Israel is a part, was in Old Testament times known as Canaan or Philistia because of the tribes which lived there. Palestine was the home of the Jewish people from the time Joshua conquered the land, about 1400 B.C., until the Romans destroyed the Jewish State in the year 70 A.D. Around 630 A.D. the country came under Moslem power. From 1516 to the end of World War I Palestine was a part of the Turkish Empire. In 1917, the British Government issued the famous Balfour Declaration which promised the Jews of the world that they could build a national homeland in Palestine. The League of Nations made the land a British mandate in 1920. From then until World War II Palestine was at several occasions plunged into violent civil war between the Jews and the Arabs. After World War II in 1947 Great Britain announced a decision to give up the Mandate.

The public image of women in post-Taliban Afghanistan

2021 ◽  
pp. 44-49
Author(s):  
Dr Rose Fazli ◽  
Dr Anahita Seifi
Keyword(s):  
World War Ii ◽  
Political Development ◽  
Public Image ◽  
World War ◽  
Afghan Women ◽  
The Public ◽  
The Common ◽  
The One ◽  
The Relationship ◽  
Afghan Woman

The present article is an attempt to offer the concept of political development from a novel perspective and perceive the Afghan Women image in accordance with the aforementioned viewpoint. To do so, first many efforts have been made to elucidate the author’s outlook as it contrasts with the classic stance of the concept of power and political development by reviewing the literature in development and particularly political development during the previous decades. For example Post-World War II approaches to political development which consider political development, from the Hobbesian perspective toward power, as one of the functions of government. However in a different view of power, political development found another place when it has been understood via postmodern approaches, it means power in a network of relationships, not limited to the one-way relationship between ruler and obedient. Therefore newer concept and forces find their way on political development likewise “image” as a considerable social, political and cultural concept and women as the new force. Then, the meaning of “image” as a symbolic one portraying the common universal aspect is explained. The Afghan woman image emphasizing the historic period of 2001 till now is scrutinized both formally and informally and finally the relationship between this reproduced image of Afghan women and Afghanistan political development from a novel perspective of understanding is represented.

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