There can be little doubt that tenacity is a great virtue. It means holding on to something important, something you believe in, no matter what. The trouble with tenacity, however, is that it does not [more…]
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…]
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…]
Considering the UK’s horrendously complex tax system, have you noted the competitive strategies for tax reform put forward by Tory candidates in their bid for election to high office? Most of their suggested “reforms” involved [more…]
A friend of many years’ standing has sent me an essay written by his 21-year-old grandson, now entering his final post-graduate year. It purports to establish that Capitalism and human survival on Planet Earth are [more…]
A couple of months back, in the context of blaming the government’s inflexibility for its failure to achieve a deal with the EU over Brexit, Jeremy Corbyn railed against the Tory Party, declaring that it [more…]
Firstly, as a relatively new Going Postal contributor, I must express my sincere thanks to the discriminating GP readers who rewarded my efforts their votes for my economics essays last November. And what a reward! [more…]
Few people understand the purpose of so-called “legal tender”. It is widely believed that the government’s legal tender laws protect citizens’ money by formally designating it as the official medium for the settlement of transactions. [more…]
More often than not, regulation is a cover-up for exploitation or protectionism – probably both. Thoughtless, invasive regulation has become unstoppable. Traders and consumers adhere to the idea that highly regulated markets serve their interests, [more…]
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