quantitative easing Archives - Emile Woolf writes

THE GULF BETWEEN RICH AND POOR

EMILE WOOLF – ECONOMIC PERSPECTIVES 66 We are well into the protest season. The long run-up to the election period has been characterised by one protest after another – no-deal Brexit, climate change, arms sales, Tommy Robinson, police brutality, capitalism, Trump’s visit, fracking, Catalan, Hong Kong and Eritrean sympathisers, and so on … and on. […]

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“STICKING TO YOUR GUNS” – AND OTHER FAILED STRATEGIES

  EMILE WOOLF [Going Postal 12-8-19, and Economic Perspectives – 60] There can be little doubt that tenacity is a great virtue. It means holding on to something important, something you believe in, no matter what. The trouble with tenacity, however, is that it does not necessarily rely on principles. Clinging to a piece of […]

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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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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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DEBUNKING ECONOMIC MYTHOLOGY – PART 2  

GOING POSTAL – 15 OCTOBER 2018 DEBUNKING ECONOMIC MYTHOLOGY – PART 2   <EP4> THE INFLATION CONUNDRUM Typically, the general public confuses any economic phenomenon with its manifestation. Both are thought of as the same thing. For example, the phenomenon “inflation” is assumed to mean the same thing as its manifestation, which is rising prices. The […]

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Economic Perspectives 35 (Part two) – the Scourge of Credit Expansion

GOING POSTAL 20/8/18 [Part 1 of “This time it will be different” appeared as Going Postal last week.] PART 2 THE SCOURGE OF CREDIT EXPANSION – THE SYSTEM’S DEMISE COULD BE SOONER THAN YOU THINK The monetary conjuring trick employed after the last crisis, described in Part 1, required central banks to purchase government bonds […]

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