Economics
Bank Bail Ins
A number of Going Postal subscribers have asked me to cover the concept of Bank Bail Ins. My intention therefore with this essay is to outline the idea for the intelligent layman rather than the [more…]
Economics
Business
State Intervention & Market Functioning
The French economist Frederic Bastiat is chiefly remembered for having developed the concept of “opportunity cost” or, more colourfully, “that which is seen, and that which is not seen”. We could put it more simply: [more…]
Capitalism
The Climate Change Business
Before I start on the main body of this exercise, a few words on my background. On leaving school I joined, what at that time was one of the UK’s largest Power Engineering companies. Over [more…]
Defence
Brexit and Beyond!
To those who lead the UK out of the EU, remember: We are trailblazers, up to who the rest of the world will be looking. We cannot let them down beyond Brexit! Gathering together from [more…]
Business
Some Facts on Tariffs
As the Brexit debate drags on, there seems to be much confusion about tariffs. Neither politicians nor MSM journalists seem to understand the basic concepts. This is natural as politicians, bureaucrats & journalists made a [more…]
Business
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 [more…]
Arts
The Truth About Central Banks
Most of the world takes it for granted that central banks are necessary for the smooth conduct of trade, both foreign and domestic. Nothing could be further from the truth. Let’s be clear. Central banks [more…]
Arts
Brexit: A country divided
One of the most commonly cited arguments initially against Brexit, and now against a no-deal scenario, is the towering threat of businesses leaving the UK. A great many campaigners and leading figures of the Remain [more…]
Arts
Back to Basics – and Thanks for all the Feedback
Last week’s economics essay generated some interesting responses, four of which prompt me to expand on their subject matter. 1 – Understanding the relationship between imports and exports The first of these expressed some puzzlement [more…]