Tuesday A market is composed of free people interacting with one another in the exchange of goods and/or services. The degree of prosperity created is directly proportional to the degree of freedom. Complete freedom means that all are free to act in their own self-interest in order to achieve an outcome that is optimum for the concerned parties in the prevailing … [Read more...]
Australian Employment
Thursday I pulled this graph out of an article that expressed concerns about the downtrend in Australian jobs. The graph shows job ads and, understandably, it has proven a reliable indicator for future employment trends.The article didn’t mention the cause of the drop. The Liberal Party dropped a vote-winning Prime Minister in a palace coup and elevated a left-wing … [Read more...]
The Urge to Regulate
Saturday "The more corrupt the state, the more numerous the laws.” Tacitus (A.D 55-130) Whether in the US, UK, EU, Australia, New Zealand or Canada, social engineering is the dominant theme of our time. Dangerously daft legislation is being churned out by the regulators of the Western world. Why is this? Our politicians are a breed apart from most people. They … [Read more...]
Wealth Inequality
Sunday Take away the ability to trade freely and what appears in its place is corruption. The more regulations, the more pervasive the corruption. When buying and selling are controlled by legislation the first things to be bought and sold are legislators. P. J. O’Rourke Today, the economies of the Western world are burdened with regulations sufficient to break the … [Read more...]
Gold Demonetized?
Wednesday Gold cannot be ‘demonetized’, any more than water can be ‘dewatered’. Gold is money; nothing else is or can ever be. A known weight and fineness of Gold is the definition of money. It is always money, irrespective of whether it is in circulation or hiding or forgotten about or confiscated - whatever. It is still money. Something cannot become money … [Read more...]