- REAL PROGRESSIVES AUSTRALIA – MIDDAY AEDST #MMT
- Paying for the NDIS is easy!!
- Revisiting Milk
- ANZAC DAY
- Krugman Uses ISLM to Proclaim Looming Fiscal Crisis, Denounces Those Who Don’t Use ISLM
- Australia Day Redux
- What a Job Guarantee Is
- What a Difference
- Sensible Macroeconomics
- Bad Debt? Good Debt? Complicated Mess!
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Category Archives: PoliticsImage
There’s an article up on the ABC News website today National Disability Insurance Scheme: Where will the funds come from?
The good news is we answered it years ago in 2011 as was published in the Sydney Morning Herald The Right Way to Pay for the NDIS.
The Milk debate is in the news but we visited this about 5 years ago. Largely it is a non-issue. That is not to say there are not issues of concern in the dairy industry.
ANZAC Day is a national day of pride. A day of pride in the enduring spirit of mateship and ingenuity.
ANZAC Day is not just a day based on the remembering the events of Gallipoli and our lucky escape. It is remembering all the fallen Australians and what they fought for – whether it was the spirit of adventure, the defense of the British Empire or for the defence of the nation. In a way its probably a second rememberance/armistice day.
It is through these bonds of mateship that were long established in Australia before we federated our nation that Australia became what it is today. It was in the days when the country still rode on the sheep’s back, we faced up to the harshness of working the Australian land but we were relatively relaxed because of the great distances involved in travelling from one station to another. We never really rushed unless there was an emergency. This is one of the reasons Australia is so relaxed today. Today it is sometimes referred to laziness but for me that is only for those that don’t understand the genesis of Australia.
Mateship was also defined for me in the war mythos of Australia. My recollecctions are not entirely what they used to be but one such story in I think WWI was the Aussies kept coming, if their leader had been killed, someone else would take charge and if that person was killed then someone else would and so on, all the way down the line.
There are a few that remain that promote that ANZAC Day is about Nationalism but I feel too often they mix up nationalism with patriotism.
The Oxford English Dictionary defines nationalism as: Advocacy of or support for the interests of one’s own nation, esp. to the exclusion or detriment of the interests of other nations. Also: advocacy of or support for national independence or self-determination.”
Patriotism as: 1.The character or passion of a patriot; love of or zealous devotion to one’s country.
2. One who disinterestedly or self-sacrificingly exerts himself to promote the wellbeing of his country; one whose ruling passion is the love of his country; one who maintains and defends his country’s freedom or rights.
As you can see there are distinct differences.
Some people often ask why I complain about Krugman. “Hey Phil, Krugman is a good guy. He likes government spending. You like government spending. Therefore you must like Krugman,” says our budding young Socrates. Well, I’ll tell you why: because Krugman is a pretty awful economist who pushes completely outdated views and tricks people into thinking that they’re cutting edge. Anything that is of interest he poaches from elsewhere, typically engages in dubious accreditation and ultimately gets it wrong.
The reason for this? Because Krugman loves models and hates books. He loves little simplifications of the world and hates complexity. That is why he has been wrong on most substantive issues over most of his career. What are the roots of this hatred? From his public writings it appears to have something to do with the influence of JK Galbraith and American institutional economics (which, in Krugman’s mind, is…
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What a difference 12 months and more makes.
In today’s Business Spectator column Stephen Koukoulas writes:
The budget surplus or deficit, level of debt, interest rates and value of the Australian dollar are the tools used to achieve those objectives and are not the target in themselves.
In April last year he was saying:
I see today there’s a flood of commentary saying govt shouldn’t aim for surplus: But none of saying what budget objective should be.
— Stephen Koukoulas (@TheKouk) April 12, 2012
At the time I replied:
the result of a budget is an outcome not a policy tool
And the response I received was
What utter rubbish…
The full conversation can be seen here.
Good to see him change his mind and that we are more or less on the same page!