Category Archives: Economics

Why Free Trade?


This week on Facebook: I returned to what is my fourth in a series¹·²·³ of articles on free trade. This week prompted by Monday’s article on a bank heist in Paraguay that made Oceans Eleven look like a walk in the park. This did however lead to some interesting articles the best of which — in my opinion — I’ve included this week. Interference by the State in the ability to trade and to use trade as an economic weapon amongst nations is not a new concept, historic caveats to trade are still used in notional free trade agreements. Read more of this post

Free Trade?


This week on Facebook: Were I a conspiracy theorist I could be drawn to the notion that  Free Trade agreements are a means of ensuring hegemony over a democratic electorate and expanding the global authority of totalitarian regimes. Increasingly these agreements intend to penalise nation states where productivity, or lack of it, are not subsidised by the visible hand of a state’s public administration. Read more of this post

Assignats and Reprises!


This week on Facebook: I keep getting economic reports that any money I may hold is in danger and that those who want to take it from are my government. That my government should seek innovative means of creating inflation is hardly a surprise, the government’s (apparent) wish dispense with money altogether and make all fiat money digital is news. Although digital money is not new concept and in todays economy is synonymous with debt, the trail blazed by a digital money economy will be complex. Not in the least — I believe — because it will lead to greater debt having to be borne by the taxpayer. In a world scramble for economic growth any public administration where all money is digital in form will find it easier to devalue their currency in a sleight of hand inflation, especially when engaged in a currency war to promote economic growth.  Read more of this post

Cassandra & Growth


This week on Facebook: Am I a rabid follower of Malthus obsessed with an ever growing global population and a believer in Bartlett concerned about the consequences of ignoring the mathematical exponential function? I would like to think not, but I do suggest that a correlation between Malthus and Bartlett could be found the horse manure problem of the late nineteenth century driven by needs and wants of growing economies. Read more of this post

The Scramble for Growth!


This week on Facebook: Is prosperity and wealth the same thing I wonder.  My conclusion is that it depends on how you define each word and who that definition applies to. Oxfam¹ thinks that $8-coffee-drinking millennials with student debt are amongst the world’s neediest and they are if you define wealth without taking into account its context. A millennial who indulges in an $8 cup of coffee may not be wealthy but is certainly prosperous.

The World Economic Forum is less attention grabbing in its report² but both reports highlight the potential of persistent long-term trends, such as inequality and deepening social and political polarisation. Trends that exacerbate risks associated with, for example, the weakness of the economic recovery and the speed of technological change. Read more of this post

Malthus & Growth


This week on Facebook: In simple terms the Malthusian Trap predicts that population growth will always reach the point where it curtails human progress and leads to its inevitable decline. I have followed articles on the theory of population growth and noticed that generally they are more optimistic than I am about the societal effect of such growth. The focus of most articles is on the ability to be innovative in finding solutions to a growing global population. In doing so the conclusions drawn make a lot of undefined assumptions, with the main one being that of ignoring the indigent.   Read more of this post

USA: The budget (a history)


This week on Facebook: Just before Christmas I commented on an article posted on Facebook [see Facebook — The Nation] — not something that I do very often as comments on the election that resulted in Donald Trump being nominated President of the USA and the outcome of the Brexit referendum are for the most part simply (to my mind) the ravings of the disaffected. In this case I did listen to the related podcast giving rise to the leader by Robert Reich: Why Republicans Are Wrong About Taxes, commenting that Robert Reich may well be wrong. Read more of this post

Down on the farm


This week on Facebook: I have posted some articles on factory farming, also known as intensive farming as it applies to the maintenance of livestock, a really difficult subject area that is compounded by global economics. The availability of meat in developed economies has hidden the real cost of its production both in terms of animal husbandry and environmental pollution. A world with the seemingly inexorable growth in the global population and its desire for affordable food, especially meat, would seem to be leading towards not only an environmental catastrophe but an increasing lack of human compassion. Read more of this post

Cassandra


This week on Facebook: With the election of new President having taking place in the USA on Tuesday and the global obsession with the outcome becoming a reality, I didn’t expect my articles to be widely read. So: belonging to the economically obsessed group, I posted reprises on some of my past observations. However I am not an economist or financial advisor,  nor do I claim to write with any personal professional authority.

I have thought that I should post on such matters as Cassandra  – a metaphor for cases of valid alarms that are disbelieved — and just maybe, a Trump victory in the USA presidential election will bring some reality to global economics. As painful and inflationary as that may be this global economic bubble has to burst sometime. Read more of this post

Free Trade Isn’t ‘Free or Fair’!


This week on Facebook: It would seem that the people of Wallonia determined what it was that made the world go around. At least for the EU, Canada, and a free trade deal. It was enlightening to see how the result of a democratic process that is not (necessarily) shared in other democracies could send the media into such a spin. When I wrote Free Trade — not so transparent I concluded that, Perhaps the lack of transparency in these Free Trade Agreements means very little if we assume the continuation of any discretionary income we may have, our ability to spend it where we will and its value of exchange is to our advantage. Read more of this post

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The Bulletin

This site was created for members and friends of My Telegraph blog site, but anyone is welcome to comment, and thereafter apply to become an author.

TCWG Short Stories

Join our monthly competition and share story ideas...

The Real Economy

Hello, I’m Ed Conway, Economics Editor of Sky News, and this is my website. Blogposts, stuff about my books and a little bit of music

Public Law for Everyone

Professor Mark Elliott

Bleda

Am I my Brothers keeper?

An Anthology of Short Stories

Selected by other writers

davidgoodwin935

The Short Stories of David Goodwin (Capucin)

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