Surplus worriers ignore monetary contraction
Bank deposits peaked last December at 191.3 after which they started to contract, falling to 181 in February. It was the same for M1: it peaked at 231.3 before falling to 220.4 in February. If this trend continues then — surplus or no surplus — the country will go into recession

How labour market reform sank the Howard Government
Without a doubt labour market reform was the torpedo that finally sank the Howard Government. How could a policy based on sound economics have such damaging political consequences? First and foremost, the Liberal Party made the mistake of accepting advice from the H. R. Nicholls Society

It is nonsense that only CEOs need fear Obama's tax assault
Obama is selling economic snake-oil. He's telling Americans that the way to promote prosperity is to burden the economy with even heavier taxes. So far his spending agenda exceeds $307 billion a year. Taxing 'fat cats' won't be enough. He will have to extract the money from millions of middle-class taxpayers

The Victoria Liberal Party's civil war
The Victoria Liberal Party is now in a state of civil war as opposing elites battle for control. At the root of the conflict is the elitism of the opportunistic likes of Kroger and the stupidity of Baillieu and his supporters. Both sides have suppressed individual debate within the party and prevented the rise of talented members

Hillary Clinton's nuclear option
Most pundits are telling Senator Hillary Clinton that it's all over but the shouting.  The math is against her.  But it is also against Obama. Neither candidate can earn the needed majority in the remaining primaries.  The decision will be made by the Democrats' superdelegates who are free to change their allegiance at any time

Two recent success in WOT you didn't hear about in the media
The corrupt mainstream media are up to their old tricks. They are refusing to report recent successes against terrorists in Iraq. In doing so they are lying by omission, once again revealing their hatred of President Bush and their desire for a terrorist victory

The American left's dangerous illusions
Have you ever wondered why so many people see higher taxes and more government as the solution to every problem, despite the empirical evidence that more government reduces economic efficiency and growth, plus diminishes our liberties?

Kids Say, "Enough with the 'Gay' stuff!"
Over the next few years, don't be surprised when, as people hear mention of the so-called 'Day of Silence,' they immediately think, 'Oh, yeah, isn't that the day when tens of thousands of freethinking kids come together in defense of that which is good, and stand firm against the promotion of evil?'

Bernanke gets it wrong
Bernanke is said to be an expert on the Great Depression and that it has shaped his thinking about the role of the Fed. Be that as it may, Bernanke's actions suggest that far from absorbing the lessons of the 1930s he has in fact hammered them into a Keynesian mould. And this is why we just got another rates cut

Emissions trading — a weapon of mass taxation
Although consumers in many countries will bear the oppressive costs of a carbon tax, there may be no reduction whatsoever in CO2 emissions, and no beneficial effect on the world's climate. But parasitic companies formed to exploit carbon tax will reap billions from ripping off the public and savaging its living standards

Debt and monetary policy — is there a link?
It is a pretty sorry state of affairs when economic commentators can write of consumer spending and debt driving the economy without once referring to monetary policy. It is even worse when the same commentators write about monetary policy without even alluding to the money supply

Body of South American youth mutilated near Guantanamo
Has Cuba's Stasi-trained secret police been murder South American students for their organs? The mutilated body Beatriz Porco of a 22-year-old Bolivian student found near Guantanamo suggest that this is the case. But this should not surprise us considering that Castro ordered political prisoners to be drained of their blood

Wages and risk: another leftwing fallacy
Leftists argue that labour flexibility and productivity schemes are attempts to shift the risks of doing business from the firm to its employees. This is pure baloney

Feed the World
Though he is already being belaboured by the self-haters in the left-wing commentariat, the Western consumer did not choose to implement costly and economically nonsensical biofuel policies; he had such ill-thought out intervention foisted upon him by ignorant politicians and greenie fanatics

The silent jihad against the west
Active jihad, the holy war, is terrorism. But there is also another form of jihad that is part of the deliberate effort to have Islam replace all concepts of morality and the values held dear by the rest of us. The name of this silent fifth column effort is Sharia Banking

Vic Pitch ‘08 — where the ideas meet the money
Victorians with a bright business idea can now engage in a major event designed to connect innovative business ventures with development capital as part of Energise Enterprise 08 — Victoria’s Small Business Festival

Dire warnings of an economic collapse plague the US economy
The cause of the current economic problems is very simple: Bad economics. Instead of closely examining the monetary theory that got us into this mess economists have started playing the blame game

Inflation v. unemployment?
Critics of a fight inflation first policy are committing a serious and inexcusable error. The unemployment they are attacking is not the cost of fighting inflation at all — it is the price that must be paid for having inflation

The real costs of the greens' carbon tax
Considering the amount of anti-warming evidence that is accumulating, I think people are entitled to question the motives of those who are using hysterical language to try and bulldoze us into adopting policies that would savage our living standards while simultaneously increasing government control over our lives

Obama's Academia Nuts
William Ayers and Bernadine Dohrn bombed New York City police headquarters in June 1970, the U.S. Capitol Building in March 1971 and the Pentagon in May 1972. Ayers stated on Sept. 11, 2001: "I don't regret setting bombs. I feel we didn't do enough". Despite the vicious record of this unrepentant terrorist Obama picked him as a friend and adviser. That tells us what Obama really thinks about America

Obama, Clinton and capitalism: It's OK for them, but nobody else
Although Obama has done extremely well for himself in our free-market economy he still has the 'audacity' to demonize others who have done well for themselves, and to propose economic policies that, if implemented, would radically change our nation into something more akin to a Western European socialist state

The future you save might be your own
Instead of forcing curly cue light bulbs upon us and ethanol, with some initial government assistance legislatively and financially we could tap into a virtually limitless (at least for several hundred years) supply of coal to produce oil

The US needs a good dose of supply-side economics
By drawing attention to the destructive effects of heavy capital gains taxes, supply-siders are have brought to light another economic fact: if you want less of a product, penalise it. As capital gains are profits that can be directed to investment, penalizing them produces less investment which in turn has a detrimental effect on real wage

Is China driving the Australian economy out of business?
The possibility of an overvalued currency reducing the size of a country's manufacturing base is sometimes called the 'Dutch disease' or the 'dual economy'. The question — and one our think tanks never ask — is whether or not monetary policy has gravely damaged the production structure

George Soros, economic illiteracy and monetary policy
Soros is obviously a very successful currency speculator, but he is no theoretician or deep thinker. He has only demonstrated the adage that you do not need to be clever to make lots of money

Dan Rather: Cuba's useful idiot
Dan Rather has been long-time supporter of Castro's brutal dictatorship, continually running interference for it. Rather recently gave Americans another thoroughly dishonest account of conditions on the Castro brothers' island estate, once again revealing how corrupt the mainstream media are

It's not about saving the planet: it's about control
In the 1970s the imminent catastrophe of the day was 'global cooling'. Isn’t it ironic that the same phenomenon now used to explain how the world is undergoing catastrophic warming was earlier claimed to be the source of unmanageable global cooling?

"We have met the enemy and they is us"
In the past year the Democratic majority cut funding for the border fence, opened the door to illegal immigrants to receive taxpayer-funded services and overturned a GOP proposal to prevent taxpayer-funded federal benefits from being awarded to illegal immigrants

Israel: time to "Leave Egypt"
Israel is on a front line of the war between Arab-Muslim expansionism and Western democracy. This war has already shifted to America and Europe

"Gay" activists risk your life — tolerate it!
Current U.S. health regulations prohibit men who have sex with men (MSM) from donating blood.  Studies conducted by the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) categorically confirm that if MSM were permitted to give blood, the general population would be placed at risk

Obama's capital gains tax is a tax on economic growth
Obama's proposal to raise capital gains taxes would directly strike at economic growth. It would strip the economy of a vital pool of savings and could even result in capital consumption

Surpluses won't save the Australian economy
From March 1996 to May 2005 currency expanded by 76 per cent, bank deposits by 109.6 per cent and M1 by 102 per cent. These are terrible figures and things have not got any better

Mining industry caves in to fanatical greens
It is high time the mining industry rethought its 'tactics'. Only when its executives finally accept the moral imperative of their case and confront will they have any hope of successfully defeating the green barbarism and recapturing the moral high ground which rightfully belongs to the industry

Why economic modellng fails
Because of the unique nature of human beings economics can only be a qualitative discipline. There are no fixed values or constant physical elements in economics as there are in physics.

Has the market failed?
With a breathtaking degree of effrontery, we are being asked to take seriously the idea that the Federal Reserve the organisation — the institution responsible for the current crisis — should henceforth be accorded unparalleled powers of oversight

Does the Democrat Party belong in jail?
Congress, by failing to act in the case of a clear and present danger to parts of the American financial system, could reasonably be considered engaging in willful misconduct. The Democrats, rather than learn from the Republicans' mistakes, are now engaged in even more willful misconduct

Soros plays politics
Soros is at it again, using his vast fortune to fund leftwing anti-American groups. In the meantime, America's corrupt media run interference for him

Israel and the chronology of friendship
For 60 years Israel has been living under the threat of Arab terror with its hands tightly held by the international hypocrites who did not want to see the existence of the Jewish state in the first place

Darwin’s Kool-Aid
Ben Stein — actor, economist, presidential speechwriter and all around really smart guy — squares off with some of the world's most prominent anti-theist elites as he gets to the heart of the question, 'Who are we, and how did we get here?'

US economy, commodity prices and the trade cycle
Regrettably it is not as easy to refute the fundamental belief that the trade cycle is a sad by-product of capitalism, especially since the birth of Keynesianism. But until we do our economies will continue to undergo periodic booms and depressions

Interest rate targeting will stop the Fed's liquidity push
Despite a very loose interest rate stance by the Federal Reserve since September 18 last year liquidity conditions in credit markets have continued to deteriorate. The extra yield investors demand in return for holding corporate paper rather than risk free Treasury debt has been on a sharp increase since August last year

Interest rates and the Keynesian myth
If our so-called statesmen had adhered to classical principles the world not only be in a far better economic state it would not have had to bear the burden of publishing Samuelson's text book

Deficits never drove the US economy
So-called fiscal policy is a dangerous Keynesian fraud that generates inflation, causes balance-of-payments problems, distorts the pattern of production and triggers the boom-bust cycle

All cows are green
In their profound wisdom Australian and New Zealand politicians have announced that they intend to place a carbon tax on cattle. They apparently believe that bovine flatulence poses a grave and present danger to the planet

Congress' Oil Barons
Congress drives up food prices and puts energy production — except if it comes from sunbeams — in a regulatory straitjacket. So what does it do when the results of its criminal folly strike at living standards? They put the oil companies on trial

Barack Obama, his Minister, and the Wellstone Funeral
The inflammatory rhetoric of Obama's minister, and the indignant reaction to that rhetoric by the public at large, reminds me of the October 2002 memorial rally that followed the funeral of the iconic liberal Minnesota Senator Paul Wellstone