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Hyperinflation

Economics

Let’s stop kidding ourselves

22nd April 2024 Emile Woolf 2637 Comments

Columnists write glibly about the “cost-of-living crisis” as if it were an affliction visited upon our unsuspecting community and that, as usual, it is the duty of government to cure it. The fact that the [more…]

Economics

Inflation Explained

29th November 2022 Godfrey Bloom 3573 Comments

Many people are confused about inflation, unsurprisingly because politicians & Central Banks want you to be confused. Let me give a few pointers, a quick glossary if you will. Monetary Inflation This is base camp [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…]

20th Century

Sound Money Can Prevent What Representative Democracy Does Not

17th August 2022 Patrick Barron 3293 Comments

One of the arrogances of “Western” nations is that our way of life and our liberties are protected by periodic elections as required by constitutions, written (America) or not (Great Britain), containing bills of rights, [more…]

Conservatives

The New Prime Minister – The Acid Test

1st August 2022 Emile Woolf 2844 Comments

What a spectacle! Two former colleagues, erstwhile members of Boris Johnson’s discredited cabinet, now vying with each other for the top job. Collegial unanimity of purpose has given way to visceral rivalry – gloves off [more…]

Economics

A crack-up boom in the making

15th June 2022 Going Postal 1897 Comments

The great Ludwig von Mises first described the concept of a crack-up boom as part of the Austrian business cycle theory, based on real life events that to an unsuspecting bystander might have appeared unconnected, [more…]

Business

Inflation outlook – A battle lost before it started

6th June 2022 Going Postal 2564 Comments

After months of consumer price increases and after countless working households found themselves in dire financial straits struggling to make ends meet, in the late May, President Biden finally revealed his grand plan to fight [more…]

Economics

A Very Short Primer on What Causes Inflation

28th March 2022 Patrick Barron 3559 Comments

What almost everyone calls “inflation” is really a rise in the general price level. OK. But the real definition of “inflation” is inflation of the money supply. A rise in the general price level is [more…]

Business

Economic Idiocy Repeated, Part 2

21st February 2022 Emile Woolf 2096 Comments

In Lewis Carroll’s “Through the Looking-Glass” Humpty Dumpty tells Alice: “When I use a word it means just what I choose it to mean—neither more nor less.” Humpty’s subjective approach to verbal meanings is of [more…]

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Elsewhere on GP

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    2nd March 2024 2767 Comments
    Just before 2000, I decided to give up a well-paid job and comfortable life in Japan to make a new start in my homeland. I had bought a share in a house in south London, [more...]
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    There’s a game to be played with airline names. BA, British Airways, is re-named, ‘Bloody Awful’, Alitalia become ‘Always Late in Take-off and Landing’.  And if you don’t realise SAA stands for ‘Sodding Awful Airline’ then [more...]

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