2021 - Emile Woolf writes

Rational approach to taxation

ECONOMIC PERSPECTIVES – 105 Conventional wisdom maybe – but it’s never the truth  Whether it’s the belief that commitment to more infrastructure spending by the state will create more jobs; or that import tariffs are needed to protect domestic industries; or that currency manipulation can boost exports; or that a statistical figment called GDP can […]

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TIME TO REVISIT ESSENTIAL ECONOMICS

ECONOMIC PERSPECTIVES – 103 The great debate now obsessing Treasury bosses and central bankers is whether all those trillions they continue to print so obsessively are at last producing a perceptible bout of hyperinflation. Before trying to make sense of that question let’s revisit some basics.    1 – What is inflation? Although “inflation” usually […]

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Plain Truth needs repetition

PLAIN TRUTH NEEDS REPETITION ECONOMIC PERSPECTIVES – 102 [July 2021] “The Government has a duty to the next generation to build more homes” – reads a recent headline, quoting the Housing Minister, whose choice of words masks his preferred role, which is to get out of the way and dismantle the regulatory complexity that interferes […]

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Currency destruction

A word on currency destruction Emile Woolf – 2021 When contemplating the elusive art of currency destruction the word “Weimar” is bound to come to mind. The Weimar Republic is an historical designation for the German federal state, its capital in Berlin, that existed from 1918 to 1933. The state was officially the “German Reich”, […]

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Thoughts on the Gold Standard

THOUGHTS ON A GOLD STANDARD  Conversation with son Alex Our last conversation got me thinking about the gold standard. It bothered me that there appears to be a conflict between the libertarian stand on economics (me) and that of the humanitarian (you). Put simply: one of the main consequences of a gold standard is the […]

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Post-Pandemic Insanity

Economic Perspectives 101 [Emile Woolf – June 2021] It is beyond dispute that Covid’s ravages are on the wane, yet resistance to freedom appears to be far more resilient than any virus. Over two short years a so-called Conservative government, egged on by persistently dismal statistical interpretations of data compiled by its medical henchmen, has […]

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Designing Tax Policy – though it should be obvious!

ECONOMIC PERSPECTIVES – 100 _____________________________________ EMILE WOOLF, MAY 2021 A well-designed tax policy would extract from citizens’ wealth what’s needed by the government to protect their lives and civil liberties. It would not be designed to achieve purely political objectives, no matter how dressed up.   The “Nanny State Index”, compiled by the Institute of […]

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GOVERNMENT’S WAYWARD SPENDING – WITH OUR MONEY!

ECONOMIC PERSPECTIVES – 99 APRIL 2021    GOVERNMENT’S WAYWARD SPENDING – IT’S OUR MONEY!   Expenditure by “Big-government” is not readily susceptible to economic calculation. Therefore it’s impossible to know whether citizens would support central or local spending proposals – and they are never consulted anyway. The result is often a massive waste of public […]

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An exchange between father and son on key economic issues

Exchange between father and son on economic issues Hi Dad Responding first to your latest on our gold standard debate: You say any further issue of currency must be fully backed by additional gold reserves. I’m not sure where these additional gold reserves could possibly be found, especially in the short time scales in which […]

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