Aggregate demand, Berlin's population & Dürer's nightmare
Great links and reading from Chartbook Newsletter by Adam Tooze
Albrecht Dürer’s nightmare drawing of 1525. Source: Wikipedia
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US household consumption is the largest single source of global aggregate demand. This is what has happened to its two key components since the pandemic. Will that cause some dislocation? You bet it will!
Population of Berlin
Like Vienna, the German capital, has not recovered its peak, late 1930s population.
Great article this in the FT.
ESG and the military-industrial complex gone mad
Form and Content
Houellebecq himself likes to cite Arthur Schopenhauer’s observation that “[t]he first—and practically the only—condition of good style is having something to say.”
Source: Foreign Policy
Pour Le Mérite
So delighted to hear this news about Chris Clark in Berlin. Brilliant historian, eloquent, hilarious, humane man and wonderful friend.
Sir Christopher Clark, the Regius Professor of History, was recently
awarded the Pour le Mérite in Vienna. The German honour with a French
name was founded in 1740 by King Fredrick II of Prussia. Once both a
military and civil honour, the Pour le Mérite was re-established after
World War II to recognize extraordinary achievement in the arts and
sciences. Membership in the order is ongoing and limited to 40 German
citizens and 40 non-German citizens at any given time.
Lecturing here on his latest project on 1848.
Mackinders view of geopolitics as seen by Haushofer et al 1943
Source: Danilo Scholz, an essential follow on Facebook
What a beautiful reaction to an inaugural lecture
First underwater portrait photograph, 1899