2021 - Emile Woolf writes

THE PUBLIC ARE WAKING UP TO THE EVILS OF INERTIAL MANIPULATION

ECONOMIC PERSPECTIVES – 108 [NOVEMBER 2021] EMILE WOOLF With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied by political and institutional leaders who clearly inhabit a parallel universe. They […]

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PUBLIC WASTE & PRIVATE THRIFT

EMILE WOOLF ECONOMIC PERSPECTIVES – 109 [November 2021] Veteran observers of economic folly have the advantage of experience. They are already familiar with the failed policies being enacted, yet again, by unprincipled politicians whose sole motivation is re-election. In the meanwhile these pillars of ineptitude, incapable of linking cause and effect, remain blind to the […]

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ECONOMIC PERSPECTIVES – 107 – “MICRO-ECONOMICS OF THE FIRM”

ECONOMIC PERSPECTIVES – 107   MICRO-ECONOMICS OF THE FIRM EMILE WOOLF [OCTOBER 2021]   Boris Johnston informed the Conservative Party conference a few weeks ago that he “has the guts to turn the UK into a dynamic high-wage economy”. But he said nothing about how he would achieve this economic miracle. Our PM is a […]

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EP-105: Conventional wisdom is never the truth

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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EP – 106 When suppliers prefer their goods to our pounds

WHEN SUPPLIERS PREFER THEIR GOODS TO OUR POUNDS [ECONOMIC PERSPECTIVES 106 – OCTOBER 2021]   Following his interview with Vladimir Lenin on the subject of inflation in 1919, John Maynard Keynes quoted the Russian as having said “The best way to destroy the capitalist system is to debauch its currency”, and Keynes included Lenin’s comment […]

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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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