Category Archives: Market Economy

A Flop Bop-A-Lu

LAST week the wrestling sensation in the Catholic Church was Becciu vs. Pell. This week, it’s Zen vs. Parolin. If this keeps up, Vince McMahon could emerge as a favourite for the next papal conclave. It would be very difficult … Continue reading

Posted in Ethics and morality, International, Market Economy | 26 Comments

Belt up, Dan, and hit the road, you communist fool

Every so often you come across something so revealing that there is little more to add once you have seen it. In yesterday’s Herald-Sun there was an article titled, “China Backs Dan deal”. Of course it does, but this is … Continue reading

Posted in Economics on the left, Free Enterprise, Market Economy, Politics of the Left | 44 Comments

Go woke and go broke

All the talk from the energy and finance reporters in The Australian sounds like PR for unreliable energy and woke investment decisions in the boardrooms of the nation. Not to mention the talk from industry bodies like the Business Council … Continue reading

Posted in Divestment, Market Economy, Rafe | 13 Comments

Open letter to Australians

It is long over-due that the Australian government stops sabotaging the Australian economy. Mel Silva – Managing Director of Google Australia and New Zealand lets them know. ~*~ We need to let you know about new Government regulation that will … Continue reading

Posted in Free Enterprise, Market Economy, Taxation, Technology & Telco | 62 Comments

Explaining what is wrong with Magic Money Theory [MMT]

This was from Beachcomber in the comments: Hi Steve, I just read a fascinating essay by Peter Smith at Quadrant: Money printing in the age of Covid In the essay it states: In the age of COVID-19, bonds sold to … Continue reading

Posted in Economics and economy, Economics on the left, Market Economy, Politics of the Left | 42 Comments

Rules vs Orders. The wisdom of Hayek and Popper

Popper was probably  following ideas picked up in his correspondence with Hayek when he wrote about the distinction between rules and orders in Chapter 17 of The Open Society and its Enemies . He considered that the institutional method of … Continue reading

Posted in Market Economy, Oppressive government, Rafe, Rule of law | 17 Comments

Missing The Target

CONGRATULATIONS to David Littleproud for what must be – at the very least – a top five entry in the week’s list of dumbest economic thought bubbles. Reacting to news of Wesfarmers’ decision to either close or re-badge as K-Marts … Continue reading

Posted in Economics and economy, Market Economy | 24 Comments

Socialist distancing

Part of a note to members from John Roskam discussing a video the IPA has just been released. We Want To Work is a four-minute video we’ve released at the same time to both IPA Members and the public. It … Continue reading

Posted in COVID-19, Market Economy | 24 Comments

You know what, it can happen here

From How a Police State is Born by Steve McCann. When societies lose their freedom, it is not ordinarily because autocrats or tyrants have forcibly taken it away. It is usually the result of the population willingly surrendering their freedom … Continue reading

Posted in Market Economy, Oppressive government | 15 Comments

Need Is Good

This really is a strange world. At any time in my trading life if someone said, ‘on the same day you’re going to see jobless claims hit 3 million-plus in a week, the stock market will open higher,’ I would … Continue reading

Posted in American politics, Market Economy | 11 Comments