Economists have long considered free trade as mutually beneficial for all countries involved. With this said, during the 2016 US Presidential Campaign, free trade received criticism from the Republican nominee Donald Trump, who touted the decline in manufacturing jobs in the midwestern states as a consequence of trade liberalisation. The US has had a tradeContinue reading “Do trade deficits matter?”
Category Archives: General
A case for education reform
Education today is largely administered and funded by the central government, however, this doesn’t have to be the case. Independent (private) schools have consistently out-performed state schools for decades – yet for many lower-income families, the choice to send their children to the former isn’t feasible. This has led to a great disparity in educationContinue reading “A case for education reform”
An argument against council housing
The construction of council housing in the UK primarily began in the 20th century, with the Housing Act of 1919. Initially, the intention was to provide high-quality, low-cost homes for the returning soldiers of World War 1. Over the coming decades, 1 million council homes were built between 1919 and 1939. The construction of theseContinue reading “An argument against council housing”
Inflation during the 1970s
Inflation isn’t a major issue in 2021 Britain; the inflation rate has averaged at just under 2% over the past decade. However, those living in the 1970s weren’t so fortunate; the inflation rate reached a peak of 25% in 1975. Prior to the 1970s, economists thought that there was an inverse relationship between unemployment andContinue reading “Inflation during the 1970s”
Free Marketeer 