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 [more…]
Whether it’s your local Council, blocking suburban roads with impassable barricades, feigning concern for neighbourhood tranquillity; or imposition by central government of the most intrusive behavioural prohibitions outside of war – this vile syndrome of [more…]
My recent essays have focused on the boost to economic growth that occurs quite naturally when obstacles are removed. I cited the positive economic consequences of Margaret Thatcher’s decision to allow markets, including the labour [more…]
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 [more…]
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, [more…]
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 [more…]
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 [more…]
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 [more…]
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 [more…]
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