Monetary System … International Trade

International trade is a barter system! We pay for our imports, not with money, but, with the goods we export. While we might perceive that we have paid for imports with money, this is an illusion … We can illustrate this best by considering an export. Assume we export some goods to the USA, the …

UK Economy … Pizza Express sale a bad sign!

While I believe in Globalisation as the ultimate route to peace in the world, there are many thorny issues along the bumpy way. UK Economic policy has focused on Government deficit since the credit crunch, instead of the wider issue … our trade deficit. We can only "pay our way"  in the world by keeping …