As the spread of Covid begins to wane we should consider afresh whether, for example, a shopkeeper who travels to work to open his business is in fact acting irresponsibly. This comes, as ever, down [more…]
It is noticeable that the Covid-inspired devastation has brought out a sizeable crop of (apparently) sane economists who claim that we should stop worrying because it’s all OK, really. The Treasury should carry on printing [more…]
Lockdown rules have made extensive use of the word “essential” in relation to goods, services, journeys and jobs that may be exempted from lockdown strictures. It sounds like an objective standard, but interpreting it is [more…]
In his latest book (“The Body – a Guide for Occupants”) Bill Bryson highlights the limitations on what money can buy. He points out, for example, that America spends more per capita on healthcare than [more…]
The title of Kristian Niemitz’s latest book, “Socialism: The Failed Idea That Never Dies”“Socialism: The Failed Idea That Never Dies”, is easily explained by the current crisis. We are experiencing a re-emergence of a giveaway [more…]
It’s not quite like having to start the economy from scratch, but this lockdown-induced recession warrants some detached assessment. We are aware that viable businesses have been forced to close their doors – or keep [more…]
Or have we? In the course of more than four weeks of self/family isolation we have all encountered mountains of speculation on the sources of Covid-19; how it spreads; estimates of its final tally of [more…]
It’s easy to blame Covid-19 virus for the nation’s woes and, up to a point, that’s understandable. People who focus exclusively on the nation’s health tend to pay less attention to the economic damage wrought [more…]
I am writing this in South Africa, where its currency, the rand, provides a useful illustration of the effects of monetary inflation described in Part 1. When I was last here, three years ago, the [more…]
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