Governments throwing around money is always going to be politically popular. But, as Margaret Thatcher famously noted, sooner or later governments run out of other peoples’ money. When the Rudd government announced its first stimulus measure in the face of the GFC – a $900 cash payment to all Australians – the
As I wrote this week, the great economic danger facing Australia as it struggles – hopefully – out of COVID panic is an explosion in government debt. Debt is not of course an evil in itself, as any business which has ever taken out a loan to finance growth knows. But, as
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Forget the media lies about President Donald Trump telling Americans to inject bleach and other such Trump-deranged fake news. The biggest delusions, exaggerations and outright bullshit about the Wuhan Plague have been peddled by the so-called “experts”: scientists, public health bureaucrats and supposedly sober and responsible politicians. Even the Morrison
AIER Staff aier.org From October 1-4, 2020, the American Institute for Economic Research hosted a remarkable meeting of top epidemiologists, economists, and journalists, to discuss the global emergency created by the unprecedented use of state compulsion in the management of the COVID-19 pandemic. The result is The Great Barrington
In a classic sketch from Beyond the Fringe, a group of cultists gather for their predicted end of the world. When it fails to occur on schedule, the cult leader remarks, Well, it’s not quite the conflagration I’d been banking on. Never mind, lads, same time tomorrow… we
An article in the Business section of the Weekend Herald caught my eye. It was a comment piece written by Bruce Cotterill. Cotterill is a company director and an adviser to business leaders. The question he asked was – Where are leaders as NZ crumbles? That’s what really caught my
One of the most damaging conceits of socialists and big government enthusiasts is that the government, any government, has the ability to run a complex economy like a well-oiled machine. In reality, market forces are the consequences of millions, if not billions, of individuals making independent decisions. When bureaucrats start
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We all hope fervently for a Judith Collins-led National government after the election, but the polls still indicate otherwise. It ain’t over until it is over, but Labour, led by Jacinda Ardern, still have a strong lead, and Jacinda’s personal ratings are still through the roof. If the
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“Who put together the 5 key principles around their [Labour’s] economic plan…whoever wrote these principles hand back your degree” @TheAMShowNZ @nzlabour #nzpol pic.twitter.com/aFAvub5txq — The Orwellian ?? (@TheOrwellianNZ) September 21, 2020 If you enjoyed this BFD article please share it.
