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18th Century

Are the aims of nationalism and protectionism the same?

18th November 2019 Emile Woolf 2004 Comments

The ideology of “nationalism” is characterised by the unstinting promotion of a particular nation’s interests, possibly regardless of detriment caused to the interests of other nations. Nationalism may therefore be considered a form of patriotism, [more…]

Economics

Understanding economics needs a solid base

28th October 2019 Emile Woolf 5146 Comments

Economics is a set of principles that explain how our various needs and wants may be satisfied. The Greek origin of the word “economics” can be roughly, but aptly, translated as “good housekeeping”, and any [more…]

Capitalism

Larry’s Diary Week Five

29th September 2019 Going Postal 4141 Comments

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…]

Patrick Barron, Going Postal
America

Is There an Economic Justification for Tariffs?

23rd September 2019 Patrick Barron 2840 Comments

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

9th September 2019 Emile Woolf 6216 Comments

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…]

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