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Command Economy

Economics

Government interventions and the Cobra effect – Part II

9th December 2021 Going Postal 8777 Comments

Unsound money, unsound society  Of course, one of the most important and consequential parts of the incredibly complex organism that is the economy is money itself. It is its lifeblood and as the song goes, “it [more…]

Economics

Government interventions and the Cobra effect – Part I

1st December 2021 Going Postal 4597 Comments

Almost two decades ago, German economist Horst Siebert coined the term the “Cobra effect” to describe the real-world consequences of “well-intentioned” government interventions that go awry and produce the exact opposite results from what they aim for. [more…]

Economics

Public Waste & Private Thrift

29th November 2021 Emile Woolf 2592 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…]

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