TweetAustralia’s Minister for Communications, Senator Stephen Conroy, also known as the Global Village Idiot, has launched a scathing attack on Facebook. Conroy, the man who with his boss Kevin Rudd, decided to censor and slow Australia’s internet access, and spend … Continue reading
TweetJust when we thought the ridiculous and draconian internet censorship laws created by the Rudd Government were enough, now there’s a suggestion that¬†iPhone and gaming apps will require Federal Government classification. This shows a complete lack of understanding and a … Continue reading
TweetA very alarming article in the Sydney Morning Herald about how the Henry Review into taxation reform is looking at finding ways in which the Government can take your superannuation. In summary, the Rudd Government wants money to fund their … Continue reading
TweetAnd here’s the joke: A Story of Fiscal Stimulus It is the month of August, on the shores of the Black Sea. It is raining, and the little town looks totally deserted. They are tough times, everybody is in debt, … Continue reading
TweetI forgot to mention, the concept in the last post is called “crowding out”. The best and most succinct definition is here, and part of it reads thus: An economic theory explaining an increase in interest rates due to rising … Continue reading
TweetIt’s the thin edge of the wedge. ¬†It’s a sign of things to come. ¬†The massive debt binge, the crazy borrowing Rudd is embarking upon, has now led to the¬†Commonwealth Bank raising home loan interest rates by 10 basis points. … Continue reading
TweetWhile the Rudd Government has decided to follow an ALP tradition and create a massive debt burden for Australia, Australians themselves have decided to be far more wise and economically responsible, dedicating more of their incomes to savings. Check out … Continue reading
TweetIts a very scary budget. ¬†Rudd and Swan have been completeley reckless in racking up a record debt for us all to eventually pay back. ¬†$90+ billion in new spending, up to $300bn in debt… ¬†Raising the retirement age, cutting … Continue reading
TweetAn excellent editorial in today’s The Daily Reckoning with the title:¬†Government Intervention for Economy Makes Things Worse. In the editorial, Thomas E Woods Jr.,¬†a Senior Fellow at the wonderful¬†Ludwig Von Mises Institute¬†(and whose new book, Meltdown, is in its eighth … Continue reading
TweetIraq – unstable country in the early throes of democracy. East Timor – unstable country in the early throes of democracy. So what does Chairman Rudd do? Iraq – pull troops out. East Timor – put more troops in. He’s … Continue reading