Capitalism
Larry’s Diary Week Five
Monday Bozzie is still away this morning, at the G7, but he seems to have been upsetting a quite a few people. You might remember that yesterday he complained about the US not allowing our [more…]
Trade
America
Is There an Economic Justification for Tariffs?
A tariff is a tax on imports that is used to satisfy a policy goal. Before the federal income tax became law in 1913, the US federal government was funded almost entirely by tariffs and [more…]
Economics
We Are Presented With A Unique Opportunity
There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a [more…]
Business
Challenges & Opportunities – As Never Before
The pace of change on the political spectrum is truly bewildering for mere onlookers; and as for the usual clutch of clueless columnists and TV “interviewers”, no matter how measured their misguided speculations may sound, [more…]
Business
Spare a Thought (or Prayer) for the New PM – and his Chancellor
The global economy is entering dangerous territory. In Britain’s case, the standard scapegoat for any slowdown is Brexit, of course. But how to explain the contraction in other major manufacturing countries? Forewarnings of serious decline [more…]