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…]
I am typing this in the SAA Business Lounge of Durban airport, awaiting a call to board a flight to Johannesburg, where we are due to take the last flight to London before all international [more…]
If government has a duty to protect the lives, property and civil liberties of its subjects, ours is currently guilty of failing to display any meaningful police presence on our streets – beyond speeding yellow [more…]
Those still shedding tears over our departure from the EU invariably refer to the success of the EU in healing post-WW2 wounds and keeping peace in Europe for 75 years. By the same token they [more…]
Kristian Niemitz, Head of Political Economy at the IEA, wrote a book last year in which he explores the reasons why the idea of socialism persists as a viable economic system. In “Socialism: the Failed [more…]
There were dire warnings….. Over and over, we heard it. We heard it from the great and good, all authoritative sources with impeccable credentials. Carney at the Bank of England, Chancellors of the Exchequer (present [more…]
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