The OWS protesters and those copying them in other parts of the world have been criticised for being incoherent. In fact, they are truly representative of the Left.
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The simple economic message for governments and individuals that have systematically spent more than their incomes is to cut back their spending and save more. This will not send economies into a tailspin as feared by the IMF.
President Obama, Warren Buffett, Bill Gates, Harry Belafonte and Sean Penn suffer from money illusion.
The carbon tax gives to government the power to take away and to give. It fits perfectly in the worldview of today’s Left.
Governments found in Keynesianism a beguiling solution to economic recessions and one that allowed them to spend – with photo opportunities - and seem virtuous at the same time.
I have never been “short” as you so painfully call it. And yet what else could you say? Hard up? Penurious? Distressed? Embarrassed? Stony-broke? On the rocks? In Queer Street? Let us say you are in Queer Street and leave it at that. Edward Ryder in Brideshead Revisited Western governments are in Queer Street. […]
I doubt that any comparable precedence for this political double-dealing could be found in Australia’s past. Tinpot is too flattering a word to describe the Prime Minister and the Government she leads.
Asylum seekers will present a dwindling problem as they gradually decline in numbers for lack of economic opportunities. In fact, Australians may well contribute to a wave of economic migrants seeking opportunities in Asia.
The Malaysian solution will not work. However, the government must have the power to refuse entry to those who come here uninvited. Tony Abbott must put away his opposition hat and help the government on this occasion.
Warren Buffett, for all his business acumen, does not seem to understand the good he does simply by being rich and sitting on it. That is not his fault.
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