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Say’s Law

Emile Woolf. Going Postal
Economics

“Back to Basics” – International Trade

1st March 2021 Emile Woolf 2200 Comments

Trade Surpluses and Deficits Any country’s trade balance is the difference between the totals of its exports and imports respectively, as measured in its own currency. To the extent that its exports exceed its imports, [more…]

Emile Woolf, Going Postal
Business

Basic Principles: More Than Meets The Eye

24th August 2020 Emile Woolf 1896 Comments

Every primer on economics cites the familiar factors of production, land, labour and capital, as prerequisites for productive activity. Sometimes entrepreneurship is added to represent the gifted brain who brings the other three together in [more…]

Business

The Necessary and Inevitable Recession to Come

17th June 2019 Patrick Barron 2159 Comments

Perhaps the most destructive premise of modern, mainstream economics is that a central bank-induced monetary/credit expansion can cause an economy to grow without adverse consequences. Let’s be perfectly clear from the start…this policy has been [more…]

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