Europe & the Euro Archives - Page 5 of 7 - Emile Woolf writes

Extreme action fails: whether it’s EU politics or over-zealous accounting

 The human condition is characterized by periodic swings between lawless permissiveness at one extreme and uncompromising rigidity at the other. Whenever one dominates it falls victim to corrective processes that, in turn, become excessive. Sanity is restored only when the pendulum returns, even briefly, to a position somewhere between. Abuses of vulnerable members of society […]

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High taxation will always stifle growth

We crave stability as much as we abhor uncertainty but, on every front, inbuilt contradictions render conventional solutions to economic problems unsustainable. They need to be jettisoned. You can’t kick the proverbial can further down the road when the road is a cul-de-sac. public sector superstructure that, despite all talk of cuts, is still bloated. […]

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Economic law prevails: why the Euro has to fail

“Eurovision” is more than a song contest. The term also captures the aspirations of a coterie of politicians determined to complete the transformation of common market principles into their grand vision: United States of Europe. Promoting harmony on a continent with a war-torn history is laudable, but it does not demand an irreversible commitment to […]

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Less government, less regulation, less tax: more freedom

When appointed foreign office minister in 1951, Selwyn Lloyd confessed to the Prime Minister that he had never visited a foreign country, spoke no foreign language and detested foreigners anyway. Churchill’s wry response: “just the qualifications we’re looking for!” Approaching a fraught assignment in a state of innocence is an advantage. Untainted by trappings of […]

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Fudging the figures for Euro entry? That’s putting it mildly

Chicanery means “clever but misleading talk; a false argument; trickery; deception” (Concise Oxford Dictionary). This phenomenon seems to be prevalent wherever you look. For example, the European Economic Community began as a free-trade association. Then it was driven well beyond mere economic affiliation to become a complex, undemocratic, political combination whose promised benefits have evaporated. […]

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Currency debasement and public waste: partners in crime

There is nothing intrinsic to gold that explains its seemingly unstoppable rise in price. It is certainly beautiful, even transporting in strong light, and primitive races worshipped it as an earthly reflection of the higher worlds. But as an investment it is strictly in the non-performing class, until you sell it. Monetary assets always seek […]

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