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Bank of England

Economics

Characteristics of Government Today

9th May 2023 Emile Woolf 2419 Comments

Two hundred years ago Lord Macauley wrote “the measure of a man’s real character is what he would do if he knew he would never be found out”. This intriguing insight is as  true of [more…]

Economics

Crisis After Crisis – The Economic Chain Reaction

17th October 2022 Emile Woolf 4028 Comments

Several readers expressed surprise that last week’s essay concerned my personal NHS experiences rather than the pressing  issues of the day. In such a rapidly changing economic picture no commentary can ever be bang-up-to-date, while [more…]

Conservatives

“When the tide goes out you can see who has been bathing naked!”

22nd August 2022 Emile Woolf 3604 Comments

Warren buffet famously quipped: “When the tide goes out you can see who has been bathing naked!” Now we know! Both candidates for the premiership are senior Conservative Cabinet members and Ministerial office-holders, and naturally [more…]

Business

All other things being equal

13th June 2022 Emile Woolf 3308 Comments

A paradox is an apparent absurdity or contradiction that, on close investigation, is found to be true. What’s happening in government right now is hardly paradoxical – it certainly appears to be both absurd and [more…]

Economics

The science of economics has lost its way

25th April 2022 Emile Woolf 2011 Comments

In 1798 Thomas Malthus postulated his gloomy theory that the growth in population must always outstrip the means of subsistence needed to support it: “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only [more…]

Economics

Public Waste & Private Thrift

29th November 2021 Emile Woolf 2556 Comments

Veteran observers of economic folly have the advantage of experience. They are already familiar with the failed policies being enacted, yet again, by unprincipled politicians whose sole motivation is re-election. In the meanwhile these pillars [more…]

Economics

The Public are Waking up to the Evils of Inertial Manipulation

15th November 2021 Emile Woolf 2879 Comments

With prices increasing rapidly across a wide range of materials, goods and products, especially basics like foodstuffs and energy, it is astonishing that what citizens now encounter every day is so persistently, and perversely, denied [more…]

Economics

Basic Economics

26th July 2021 Emile Woolf 2515 Comments

The great debate now obsessing Treasury bosses and central bankers is whether all those trillions they continue to print so obsessively are at last producing a perceptible bout of hyperinflation. Before trying to make sense [more…]

Economics

How the Crisis Unfolds

23rd November 2020 Emile Woolf 2555 Comments

Economically speaking, we are in a pickle. The blame-game is in full flow in its search for scapegoats. The most obvious culprit is, of course, the Covid virus, but it would be a huge mistake [more…]

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