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Say’s Law

Emile Woolf. Going Postal
Economics

“Back to Basics” – International Trade

1st March 2021 Emile Woolf 0

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 0

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 0

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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Elsewhere on GP

  • Postcard From Zakynthos (Outtake)

    18th November 2019 0
    As I pointed out in my previous missive from Zakynthos, the weather for the Thursday of our Greek adventure wasn’t going to be anything to write home about (I’ve never let that stop me before) [more...]
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    14th February 2020 0
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    As a victim of numerous criminal enterprises, two of them to use the modern politically correct vernacular as “Life changing”, I’d like to think I have an intelligent and valid opinion on the justice system. [more...]
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    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...]
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    9th July 2020 0
    It is the time of year when the wife launches her annual campaign to get me to agree to replace our old Henry the Hoover with a modern upright machine. As ever my response is [more...]

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