Friday , July 30 2021

Tag Archives: Economics

Raw Materials price hikes.

Raw materials prices are rising.  Why? Will this continue? Cotton and natural rubber prices have experienced a sharp rise: World Bank Blog Notice that China is the main consumer. Iron ore prices are high:   And China is the main importer:   Copper prices are up:     The failure …

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Ending lockdown is political

There are two views of politics.  In the first the People are born free and the State intervenes to prevent oppression by powerful individuals and groups.  The purpose of the State is to protect freedom and the individual.  In the second view people are born into service to society and …

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The SNP would make all Scots poorer

An organisation called The Social Justice and Fairness Commission recently published a report dated March 2021. We didn’t see it in March however, but rather it was only revealed after the Scottish Parliament Election. Of course, the organisation is another of the SNP’s front organisations. The authors of the report are …

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China: Britain and the West are living in the past

Dominic Raab, Joe Biden and the EU are all proposing that we continue and even increase trade with China.  They all talk of constructive engagement giving the West influence over the Chinese. This approach might have appeared reasonable twenty years ago but today it is absurd.  China has the highest …

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Mark Carney’s first Reith Lecture

This morning I sat cuddled up with my dog to listen to the first Reith Lecture, given by Dr Mark Carney, the ex-Goldman Sachs, ex-Governor of the Bank of England.  It is one of the benefits of the current lockdown that we can sit in peace and broaden our minds. There …

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Foreign aid harms both Britain and those who receive it

There are two reasons for cutting foreign aid and indeed abolishing it entirely. The first is that we cannot afford it. The second is that it harms those who receive it. Since David Cameron came to power there in 2010, there has been no austerity at all in Britain. Public spending in …

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Fire and rehire

What is fire and rehire? And why does it happen? What is the effect of banning fire and rehire? Bad policies can make a bad situation much worse – we have to be careful to not let good intentions cloud our judgement. Driven by Labour MPs (of course), Parliament is …

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What’s the harm in feeding the poor?

What’s the harm in feeding the poor? Why can’t we just print more money and make everyone a little bit richer? What’s the harm in feeding the poor? What’s the harm in regularly giving people money, with no strings attached? Have you heard of the saying “give a man a …

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The SNP school of economics

There’s an Austrian school of economics. After Emma Harper an SNP MSP’s confusion about what a currency is, we obviously need an SNP school too. 1. In an independent Scotland we could make money from non-existent secret oil fields even if the price of oil can turn negative. 2. Scotland …

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The Fall of Empires

Empires rise because a group of people becomes more prosperous than their neighbours.  This enhanced prosperity is usually the result of the superior management of the economy, society and resources.  Relative prosperity gives the group the ability to project power. As can be seen from the graph below, we are …

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Slavery and British Wealth in the 18th and 19th Centuries

The Industrial Revolution occurred in the UK in the eighteenth and nineteenth centuries. How far was this due to slavery or other intrinsic factors? There is clear evidence that the Industrial Revolution has its roots in the early to mid eighteenth century. The world’s first, large iron bridge was built …

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Thatcherism – the only way forward

Margaret Thatcher once said that “there can be no liberty unless there is economic liberty.” She was right. For far too long before Margaret Thatcher took office there was very little economic liberty in the United Kingdom. We had relied on the same school of Keynesian Economic thought for much …

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Predictions for the Global and UK Economy

The IMF has recently released predictions for the economy.  It predicts a 3% fall in global GDP in 2020 and a 6.5% fall in the UK: The IMF is pessimistic about global recovery, apparently the economic recovery is beginning now, which is puzzling.   It is interesting that only a month ago, …

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After Coronavirus

In six months time, after huge numbers of deaths in the Middle East and elsewhere due to Covid-19 what will have changed? The retail industry will experience the biggest change.  Many small shops cannot survive months of shutdown.  Expect town centres to contract yet further as everyone learns how to …

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Rishi Sunak just killed Scottish nationalism

Twice now in the space of twelve years we have seen a British Chancellor do what it takes to save the British economy. In 2008 the Treasury bailed out the banks in 2020 it has just bailed out everyone else. Can any Chancellor prior to Rishi Sunak have had such …

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Fighting a Brexit Election

Now that Hammond and other Remain Tories are no longer setting the agenda the new Conservatives can have a tactical election for Brexit.  They can put tax cuts and other contentious issues aside.  This is a Brexit election.  Remainers will attempt to divert the campaign away from Brexit because they …

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Reasons for Independence

Many users of Social Media have stated that they cannot find any reason for Independence.  Here are some of the main reasons with links to further articles that explain them more fully. The immediate reason for Brexit is the Lisbon Treaty (2009) and the completion of the transitional arrangements that phased …

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