Law Archives - Emile Woolf writes

FAULT-LINES IN THINKING ARE EXPOSED

ECONOMIC PERSPECTIVES – 113 [MARCH 2022]   UKRAINE CRISIS – AN OBJECTIVE ANALYSIS   Last month I wrote about the massive waste implicit in government-sponsored bureaucracy – at local and central levels. The craving for a sense of importance leads small-minded apparatchiks to seize power over others by controlling their expenditure budgets. It works both […]

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Part 2 – PUBLIC & PRIVATE SECTORS: KEY ECONOMIC DISTINCTIONS

Economic Perspectives – 112 (Part 2)   [EMILE WOOLF, FEBRUARY 2022]   In Lewis Carroll’s “Through the Looking-Glass” Humpty Dumpty tells Alice: “When I use a word it means just what I choose it to mean—neither more nor less.”   Humpty’s subjective approach to verbal meanings is of little relevance to economic writing – although […]

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Why governments practise currency debasement – and how to cure them – Economic Perspectives – 111

Economic Perspectives 111 – 1 January 2022– Emile Woolf Why governments practise currency debasement – and how to cure them [With my gratitude to Patrick Barron for his inspiration and insights I have written on the subject of currency debasement many times, but it is now reaching crunch-time – even for the pound, dollar, yen […]

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PUBLIC WASTE & PRIVATE THRIFT – EP-109

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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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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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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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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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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Audit independence: only one solution will succeed [SEPTEMBER 2020]

The “flawless” audit exists in the mind alone. Regulators such as the Financial Reporting Council (FRC) are therefore having to deal with the many that, in varying degrees, are flawed. However, the FRC’s practice of allowing so many years to pass before reporting their findings and punishing the culprits undoubtedly weakens its authority and blunts […]

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