Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]
Regulation Strangulation
Sunday New word… Stregulation: the throttling of an economy by regulations The passage of every single piece of regulation by parliaments and their quangos has a financial cost. That cost is wholly absorbed by businesses. Who else? Ultimately, all wealth can only be extracted from those who create wealth. Businesses pass on that cost. They must if they are to … [Read more...]