Economics Archives - Page 2 of 16 - Emile Woolf writes

ECONOMIC DISTORTION, COURTESY OF CENTRAL BANK

“GOING POSTAL” 25-2-19         [ECONOMIC PERSPECTIVES no. 50: EMILE WOOLF] ECONOMIC DISTORTION, COURTESY OF YOUR CENTRAL BANK Governments rarely set out to take responsibility for every single issue, but that usually happens anyway. As a result there is a growing expectation by citizens that, whatever the problem, it is the government’s job to sort it out […]

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International trade; imports/exports; securing borders; free trade; why is Britain first to leave EU?

[Economic Perspectives – 49] BACK TO BASICS – AND THANKS FOR ALL THE FEEDBACK Last week’s economics essay [EP 48] posted on the “Going Postal” platform generated almost 4,000 comments. The following four responses represent views expressed by many, and prompted me to expand on their subject matter this week. As follows: 1 – Understanding […]

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How to unravel economic complexity – the simple citizen’s guide – EP48

Economic Perspectives 48 GOING POSTAL – 28 JANUARY 2019 How to unravel economic complexity – the simple citizen’s guide Here’s a clue: if there are things that you, as a rational citizen, would never choose to do, it’s almost certain that government should stay clear of them too. But governments rarely act rationally, and the […]

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EXPOSING THE “NO DEAL” MYTHOLOGY

‘DEBUNKING ECONOMIC MYTHOLOGY – PART 6’ [ECONOMIC PERSPECTIVES 47] EXPOSING THE “NO DEAL” MYTHOLOGY Emile Woolf – December 2018 ____________________________________________________________________________ The myth that a “no deal” Brexit will bring catastrophe to the UK is at last being shown up for the fiction that it truly is. “Remain” stalwarts are not giving up easily, however, and […]

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Human rights and government action [GP 17-12-18 & EP 46]

  HUMAN RIGHTS & GOVERNMENT ACTION In many of these essays on economics I have been at pains to point out that the prosperity of any community, anywhere, anytime, if it is to last, must be based on observance of the guiding principles of free people; free trade; sound money; and small government. Colleagues sometimes […]

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“What Government can – and cannot – do” [EP 43]

EMILE WOOLF – GOING POSTAL [19-11-2018 – EP43] “DEBUNKING ECONOMIC MYTHOLOGY – PART 6” “WHAT GOVERNMENT CAN – AND CANNOT – DO” Whenever confronting a puzzling situation, it’s worth asking how it came about. When doing this I usually find it helpful to write about it and, given my personal orientation, my way through the […]

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The fallacy of job creation

DEBUNKING ECONOMIC MYTHOLOGY – PART 4 My colleague Steven Spencer has reminded me of an anecdote relayed by the owner of a brand new Corvette sports car. A bystander speculated: “I wonder how many people could have been fed with the money that sports car cost?” The owner replied: “ I really don’t know the answer to […]

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If I were Prime Minister

FRESH START AFTER BREXIT – GOING POSTAL 29-10-18 [EP41] One of last Monday’s blog-readers, “WinstonSmith”, challenged me to describe what I would do if, after Britain has finally left the EU, I were to be appointed Prime Minister! Well, I can’t miss out on an invitation like that. Recognising that a fresh approach requires a […]

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Reaping the Whirlwind – lessons of 2008 and the rich/poor divide

ECONOMIC PERSPECTIVES – 39 REAPING THE WHIRLWIND My wife and I have just returned from a couple of weeks in the USA. Among many sources of stimulation, debate between friends and family threw up a number of key issues of economic interest – two in particular stand out, and they are closely related: (i) Whether […]

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