Tuesday The enthusiasm with which our parliaments and their myriad departments produce regulations implies a belief that when a sufficient number have been enacted we will have a social and economic perfection. I am reminded of the saying ‘the road to hell is paved with good intentions.’ Yet they cannot cease their destructive impulses, for were they to do so, then it … [Read more...]
GDP
Wednesday I have been trading in the same style of business since 1967. In my own experience, and coupled with conversations with other business owners around Australia, this is the worst recession for fifty years. More severe than 1982, the previous worst of my experience. This is a real doozy. There is no sense of any sort of a recovery. Quite the reverse, a number … [Read more...]