Thankfully, the most repugnant thing in Canada today has come to pass, at least for the time being, as the Quebec PQ Government, headed by socialist xenophobe Pauline Marois, heads to the polls on 7 April.
Temporary deficits have a tendency to become entrenched - just ask the US. If Tony Abbott fails to return the budget to surplus quickly, Australia could face the same fate, writes Chris Berg at The Drum. Read More
Australia’s Renewable Energy Target Scheme is an incredibly bad idea. Coercing and bribing people to waste community savings on unpredictable and unreliable solar and wind electricity should end immediately.
There is nothing smart about trying to run a 21st century industrial society using “green energy” to generate electricity. It is costly, diffuse, intermittent and needs 100% backup capacity.
Solar power excels in growing trees, grass and crops and can be useful for heating water or providing electricity in remote locations providing there is also a back-up diesel generator or a bank of batteries in the shed.
Wind power can also be useful in applications where its capricious performance does not matter, such as pumping water to a tank or storage dam.
I have been a fan of Professor Thomas Sowell for quite some time and believe that his observations convey messages that need to be presented. There is much truth in his claim that, ''Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.''
Since the mid to late 60's we have seen our once vibrant manufacturing industry slowly fade away until it is but a shadow of its former self and we have become reliant on sub-standard goods manufactured in foreign factories. The Lima Agreement can take blame for much, if not all of that.
Henry Ford, the American automobile manufacturer, once said that “It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before tomorrow morning”, writes Sukrit Sabhlok.
Indeed, if there’s one thing central bankers have been successful at, it’s using obfuscation and jargon so the public finds it difficult to understand what exactly it is they do.
Even when experts try and figure out what central bankers do, a range of legal barriers prevent a complete accounting of their activities. When former Congressman Ron Paul tried to audit the US Federal Reserve System a few years ago, for example, he faced opposition from a range of economists and politicians keen on preserving the Fed’s secrecy.
In Australia, the opaqueness of the Reserve Bank’s discretion doesn’t seem to trouble many people. But it should, because the RBA wields a significant power that influences the level of prices in the economy and consequently affects the hip pocket. The inflation it creates hurts the poor – and if more people knew the RBA was the culprit behind rising prices, and that much of the erosion in purchasing power we have seen over the past 100 years was unnecessary, there is little doubt that there would be protests on the streets.