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About as bad as it could have been
“Give the people what they want, good and hard”. It’s a philosophy, I suppose, but not so good for those who didn’t want whatever it is that actually gets served up. So now Australia joins the Biden-Trudeau-Adern club of Mencken’s worst nightmare societies. I am still a bit shell shocked from the outcome, not that…
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Federal Election Night 2022
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Open Thread – Weekend 21 May 2021
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It would be a madness to allow Labor to govern if it is at all possible to prevent it
There is a view I sometimes come across that argues that The Coalition should willingly lose the election since things are certain to crater over the next year or so and therefore, Labor will be blamed for everything. That way, The Coalition will be able to win in three years with an even more solid…
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A non-paid political advertisement for our current government
This is not a paid political advertisement in that I am not being paid. But I pass this along since I completely agree with the conclusion: This is from Terry Barnes at The Spectator: Tezza’s how-to-vote card. On Saturday, I’ll be voting Liberal, but out of loyalty rather than conviction. The party is no longer that…
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UAPs. No, not Clive’s lot
With the depressing election, and what not, my mind turned away, to almost anything of light relief. Lo and behold a U.S. House committee was being informed by the Pentagon of UFO sightings by military personnel, all 400 of them apparently in this century. Also, for you UFO spotters out there, they’re now called Unidentified…
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Who is ‘culminating’ in Ukraine?
Armchair Warlord recently posted an interesting thread on Twitter on the current military situation in the Ukraine. I would direct you to the thread for his brief account, but, in summary, his speculation is that the Ukrainian strategy appears to be to allow RuAF (Russian Armed Forces) to attempt to establish several ‘cauldrons’ in the…
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What would a modern economist know about economic theory?
I keep pointing out that the last person you should listen to about economic policy is anyone who has had a modern education in economic theory. Here is a bit of proof, from today’s Oz: Dismay at RBA as wages growth goes backwards. Here is the opening line of the article: The person most disappointed with…
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Open Thread – Tuesday 17 May 2022
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On the brink of an inflationary disaster
Increases in the price level (nowadays referred to as “inflation”) are embedding themselves across much of the world. And I would like to emphasise that it’s not just a money-supply thing. It is essentially caused by the growth of purchasing power relative to the growth in the amount of goods and services available for purchase.…