Economic Perspectives Archives - Emile Woolf writes

GROWTH? NOT IN THIS BUDGET – an appraisal of the March 2021 budget

Economic Perspectives – 96           [EMILE WOOLF -7th March 2021]   GROWTH? NOT IN THIS BUDGET   We have just endured yet another March Budget in which the Chancellor sets out his strategy for balancing the nation’s expenditure plans with its available resources, principally from taxation. They are, of course, his spending priorities, and his tax-raising […]

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Understanding Trade Imbalances

Economic Perspectives – No. 95 [21-2-21] – see also EP 14 “Back to Basics” – International Trade TRADE SURPLUSES AND DEFICITS Any country’s trade balance is the difference between the totals of its exports and imports respectively, as measured in its own currency. To the extent that its exports exceed its imports, its balance of […]

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Post-Covid Conjectures

Economic Perspectives – 94 POST-COVID CONJECTURES – FEBRUARY 2021 EMILE WOOLF While speculation is rife about what the post-Covid economy will look like, we must remember that economic fundamentals are not susceptible to alteration. They may adapt to changed circumstances, but no external modifications in society can affect the laws and principles themselves – for […]

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Layman’s guide to the coming currency collapse – January 2021

THE ECONOMIC CHASM CONFRONTING US – A LAYMAN’S ASSESSMENT The huge economic harm caused by Covid-19 is seen and experienced clearly and directly on a daily basis. Less obvious is the damage wrought in every welfare-driven democracy whose government finds itself in the dual-role of protector and saviour. Today expectation and dependency are the norm, […]

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SOME UNSEASONAL REFLECTIONS ON MONEY

ECONOMIC PERSPECTIVES 92 – DECEMBER 2020 SOME UNSEASONAL REFLECTIONS ON MONEY Several comments and questions on my last essay deserve a thoughtful response, which is the theme of today’s essay. You may recall its references to today’s dependency culture – the “expectation syndrome” that fuels the size and cost of welfare programmes as the state’s […]

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HOW THE CRISIS UNFOLDS

ECONOMIC PERSPECTIVES 91 – 14 NOVEMBER 2020 EMILE WOOLF Economically speaking, we are in a pickle. The blame-game is in full flow in its search for scapegoats. The most obvious culprit is, of course, the Covid virus, but it would be a huge mistake to blame that. The government’s inconstant and wavering response to Coronavirus […]

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INTERNATIONAL TRADE: THE CURRENCY EFFECT (1 September 2020)

ECONOMIC PERSPECTIVES – 87   SEPTEMBER 2020 The tenacity with which certain economic fallacies persist is truly remarkable. Take the notion that the euro currency is too strong for certain countries, notably Greece, Spain, Portugal and Italy, causing their exports to be too expensive for foreign buyers; and being members of the eurozone they are […]

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Basic Principles: more than meets the eye

ECONOMIC PERSPECTIVES 86   Every primer on economics cites the familiar factors of production, land, labour and capital, as prerequisites for productive activity. Sometimes entrepreneurship is added to represent the gifted brain who brings the other three together in a commercial enterprise.   Land, of course, includes the entire unharnessed bounty of natural resources that […]

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REFORM & REAL REFORM

  ECONOMIC PERSPECTIVES – 84    [July 2020] Those of us struggling to get a grip on Chancellor Sunak’s latest relief-measures should note the terminology. He seeks to revive the Covid-stricken economy with a series of tax “giveaways”.  When anyone in government talks about giving something away, it’s instructive to ask yourself how they got it […]

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