Sunday The collapse of the West will start from the peripheries and move in toward the major cities. It has already begun. In Australia, the recent State election in NSW saw the vote for major parties drop and the vote for parties previously considered ‘minor’ rise significantly. In this topsy-turvy artificial world based on counterfeit credit, most ‘wealth’ is produced … [Read more...]
Simple Economic Facts
Tuesday Those governments that tax and regulate little, don’t excessively hinder wealth creation. (free market) Those that tax and regulate too much, hinder the economy. (mixed economy) Those that tax away all incentive and regulate everything, destroy the economy and destroy also, not just prosperity, but the ability to survive. (socialism) Widespread prosperity is … [Read more...]
Socialism – The Final Shudder of a Degenerative Process
Wednesday 1 Free people create wealth (capitalism). 2 Governments begin to tax and regulate 3 Taxes and regulations degrade freedom and begin to strangle the economy. 4 Legislative distortions divide society into winners and losers. 5 The economy begins to fail. 6 In the effort to keep the show on the road, central banks … [Read more...]
Tax the Rich
Sunday The Australian Bureau of Statistics has just claimed that Australians are richer than ever. It produced figures showing how much their property and shares were worth. They forgot to mention how much their debt was worth. The ABS seem unaware that the measure of true economic health is to subtract debts from assets, not just ignore the debts. It should be … [Read more...]