As I wrote yesterday, if we’ve just seen the economic peak, how much worse are things going to get? Well, we’re getting an idea, now. And it starts with an “R”. You know the word I mean. The dam has burst. Suddenly, in the last two weeks, large
Walking the new puppy this morning, I saw a rather confronting sight at the local sports ground. A homeless person camping near the toilet block. This is a confronting sight, not because of any grudge against the homeless, but simply because it’s even happened. In all the years I’
sovereignman.com SATIRE In a world brimming with bewildering headlines, we spend a lot of time thinking about the future… and to where all of this insanity leads. “Future Headline Friday” is our satirical take of where the world is going if it remains on its current path. While our
Michael Bassett bassettbrashandhide.com The Mainstream Media, and especially the New Zealand Herald, regularly carry misinformed columns on the causes of the country’s low-grade economic performance over recent years. One old codger, John Gascoigne, who describes himself as “a Cambridge-based economic commentator” (not the university, alas!) correctly told us
We’re all paying for Victorians’ woke bankruptcy. That’s the grim fact of Australia’s most left-wing state and its Stockholm Syndrome obsession with “Dictator Dan”. While it’s tempting to laugh off Victoria’s black hole as a self-inflicted economic suicide by “Cucktorians”, the simple fact is that
Back in the early 90s, a near-decade of Labor government beggared the Victorian economy. It fell to the Kennett Liberal government to fix it, by slashing spending, and, in an extremely unpopular move, imposing a specific “Cain-Kirner Debt Tax”. In a twist on the socialist Labor motto, it was Labor
Peter J Morgan Peter J Morgan BE (Mech.), Dip. Teaching – professional forensic engineer, retired economics, mathematics and physics teacher Part 16 of 18 As house prices relentlessly increase to the point where almost everybody acknowledges that we have a house price bubble, people see younger-generation couples less and less able
Just when you thought you’d made it through the economic pain the Reserve Bank rolls out another massive hike in the Official Cash Rate. Just as people were starting to see light at the end of the tunnel the Reserve Bank announces that the light is in fact the
Steven Pressman Part-Time Professor of Economics The New School 1. What is the debt ceiling? Like the rest of us, governments must borrow when they spend more money than they receive. They do so by issuing bonds, which are IOUs that promise to repay the money in the future and
The Doctor I have disagreed with many commentators in the last few days here on The BFD about the cause of inflation here in New Zealand. Many believe that if government spending were constrained and if the government stopped borrowing money, then inflation would reduce. But for Austrian economists such
lindsaymitchell.blogspot.com Yesterday, as part of the Wellbeing Budget 2023, the government announced the scrapping of the $5 prescription charge. This will cost $170 million annually covering around 29 million scripts. They have done this because an estimated three per cent of adults apparently do not collect their medicine
Ryan McMaken mises.org Ryan McMaken (@ryanmcmaken) is executive editor at the Mises Institute. Ryan has a bachelor’s degree in economics and a master’s degree in public policy and international relations from the University of Colorado. He is the author of Breaking Away: The Case of Secession, Radical
Thirty years ago, a Labor government all-but bankrupted the state of Victoria. Against a torrent of hate and vilification from the left, Jeff Kennett and Alan Stockdale did the hard yards of rebuilding the state’s economy. And Victorians promptly elected another Labor government. In fact, Labor have run the
Grant Robertson’s Hail Mary budget, ostensibly designed to save the election for Labour, has shown that he learnt all his book-keeping sitting on the knee of his fraudster father. What he has delivered is more debt, more corporate welfare, higher taxes, more subsidies for EV owners, billions of dollars
John W. Diamond Director of the Center for Public Finance at the Baker Institute Rice University Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.
Sir Bob Jones nopunchespulled.com Students of social and economic history will see ominous signs reminiscent of 1929 currently in America. After the boom 1920s, seemingly overnight it all fell apart leading on to the Great Depression of the 1930s. From the President downwards, initially, numerous commentators, all, as subsequent
