19 December 2022
Before the Marxist Adam Bandt appeared on the green scene there was Bob Brown, the founder of this pernicious party. Brown was never for the workers any more than the Green Party he founded is today. What is overlooked is just how elitist and loony green economics really is. Brown revealed the Greens real attitude to Australian workers many years ago in a letter he had published in The Australian1 expressing his views on what he sneering called “extraction industries” basically said it all. This brilliant economist and defender of the Koal bear and Australia’s fictitious “first nations2” defined logging and mining as “resource robbery”.
He further declared that Tasmania is a “post-industrial” society, despite the fact that it has never been industrialised, because her economy has never been based on those stinking high-wage energy intensive “dinosaur industries like pulp mills, zinc mills and aluminium mills.” Is this why average wages in Tasmania are about $11,000 lower than in mainland states? Yet these sanctimonious Greens wallow in their sense of moral superiority.
Continue reading Adam Bandt’s Green Party policies will be hell for workers →
19 December 2022
Led by Adam Bandt, a Marxist, Australia’s anti-capitalist Green party2 wants to use the concept of economic rent to target profits. Even though the concept of economic rent is accepted by the great majority of economists as factual it is in reality an absolutely dreadful fallacy whose continued existence is not due to David Ricardo but John Stuart Mill who resurrected it in his Principles of Political Economy3. Though found in every economics textbook it has been largely ignored as an instrument of taxation. Unfortunately, dealing with this fallacious theory is a tedious process which will require some forbearance from readers.
Continue reading Australia’s anti-growth anti-capitalist Green party is screaming for a fallacious rent resource tax part 1 →
Adam’s Creighton’s reporting from Washington is appalling. It has to be otherwise his bosses at Murdoch’s Australian would sack him. The job of every so-called reporter that rag ships to the US is to whitewash Democrats and disparage Republicans. At the moment more Democrat scandals are exploding into public view but rather than report them, thereby upsetting his bosses, he chose to write happy-clappy garbage on the wreck of an economy that Biden and his America-hating left-wing controllers are creating. In do so he shames himself.
Continue reading Adam Creighton’s paints a false picture of Joe Biden’s train wreck of an economy and ignores the impending recession →
The present economic situation was brought to us by Keynes’ fallacious economic opinions. We now have a huge debt and politicians who are wedded to big-spending fallacies that will bring on another recession. These are ignoramuses who firmly believe the nonsense that any government spending is investment. It was Keynes who wrote that even
‘wasteful’ loan expenditure [credit expansion] may nevertheless enrich the community on balance. Pyramid-building, earthquakes, even wars may serve to increase wealth,…1” (Italics added)
It should beggar belief that any reasonably intelligent person could swallow this oxymoronic statement. Demand deficiency lies at the heart of Keynes’ economics, so let us examine this fallacy.
Continue reading How Keynesian economics gave us the disaster of big spending governments →