Thanks Is Mise

35 years ago I fired most of the military weapons then available.

SLRs, M16s, F1 submachineguns, chucked grenades.

Also M60 GPMGs, prone and from the hip, like your hero.

Bazz,

Arbitrary spending cuts don't lead to greater efficiency, they lead to false economies.

The main cause of Venezuela's problems is its fixed exchange rate against the US dollar. When the price of its main export (oil) plummetted, so did its export revenue. But still the government pretended the Bolivar was worth as much as before.

Australia is TOTALLY IMMUNE from collapse, as we have a floating currency. If the price of our main exports plummets, the market devalues our dollar, which boosts our other exports and everything is OK again.

If you still doubt we're totally immune from collapse, try to contrive a scenario where you think it could happen, and I'll explain why it can't.

_____________________________________________________________________________

Jardine,

Your intellectual snobbery does you no credit. In fact it's downright hypocritical when you don't even understand what financial sovereignty means! Dismissing arguments as superstitious, creationist or even circular fails to hide the lack of objective arguments you have against them.

And for the record, financial sovereignty is the unconstrained ability to issue the currency you deal in.

Nothing I have said contravenes the laws of physics, logic or economics. But I hope you realise economic value is not physical attribute, so can theoretically grow for ever? If you think something I say is illogical, tell me and I'll either accept it or explain the flaw in your assumptions or reasoning. And I make no apologies for contradicting economic conjecture to which you've erroneously ascribed law status.

Your comments about socialism seem to indicate you haven't even tried to understand it. Of course removing obstacles to high value work has costs, which typically manifest as a small drop in currency value. Unless the strategy's a total failure, it will only be a short term dip, and could even be mitigated by speculators. The social benefits alone are usually worth the cost, but the economic benefits are much higher. It is literally the difference between first and third world countries.

Your "easy to refute" comment is rather incoherent and ambiguous. What exactly is it you want me to prove?

Aidan

> What exactly is it you want me to prove?

I just told you.

A. Show us that you have understood, and can correctly represent, the economic calculation problem.

B. What is the objective criterion by which you judge whether government has done
1. too much,
2. too little, or
3. just the right amount
of inflating the supply of money or money substitutes?

Some of me mates av been asking questions:

Just regarding the possible imminent demotion of Senator Leyno's Senate colleague Labor Senator Sam Dastyari.

Note on:

= 26 August 2016 I flagged (at http://forum.onlineopinion.com.au/thread.asp?article=18476#328355 ) the habit of Labor members of Parliament receiving Chinese money including travel money:

"...Posted by plantagenet, Friday, 26 August 2016 12:21:23 PM
Yeah, your right Max. Talk about Kevin Rudd sacking a Labor (that is ALP) Minister who (Rudd believed) got too close to China.
On account of undeclared trips to China paid for by Chinese...? see http://www.onlineopinion.com.au/view.asp?article=8745
If anything Labor's pretensions to comradely Internationalism gets Labor Ministers into trouble http://www.smh.com.au/national/defence-leaks-dirt-file-on-own-minister-20090325-9ahq.html?page=-1 ".

The above was 5 days before the Chinese money to Senator Sam Dastyari Affiar become public, on:

= 31 August 2016
http://www.abc.net.au/news/2016-08-30/senator-sam-dastyari-under-fire-after-chinese-donor-foots-bill/7799608 .

Planta the Prescient? Maybe!

The first few posters on the forum would be well advised to go and study how money gets created and and ask themselves the question, who gave the banks the power to create money out of thin ai?

Similarly, they would well advised to ask why did the govt not reserve for us, through themselves, the right to create money out of thin air just like banks do and use create all the money they need for the own purposes.

Purposes such as all those infrastructure projects that "built Australia? during the 1940-1970's, money for the injection of the fortnightly 'economic stimulus package' which govt bounce through the bank accounts of the unemployed, pensioners and parents etc, straight into the local economy.

I bet the same people who attack welfare for individuals dont even know about corporate welfare because the lady or the man on TV has not told them about that yet so they dont even know about that do they?

Alas. Too many typos. So, to recap:

Regarding the possible imminent demotion of Senator Leyno's Senate colleague Labor Senator Sam Dastyari http://www.abc.net.au/news/2016-09-06/sam-dastyari-apologises-for-chinese-bill-deal/7819464 .

Note that on:

= 26 August 2016 I flagged (at http://forum.onlineopinion.com.au/thread.asp?article=18476#328355 ) the habit of Labor members of Parliament receiving Chinese money including travel money:

"...Posted by plantagenet, Friday, 26 August 2016 12:21:23 PM
Yeah, your right Max. Talk about Kevin Rudd sacking a Labor (that is ALP) Minister who (Rudd believed) got too close to China.
On account of undeclared trips to China paid for by Chinese...? see http://www.onlineopinion.com.au/view.asp?article=8745

If anything Labor's pretensions to comradely Internationalism gets Labor Ministers into trouble http://www.smh.com.au/national/defence-leaks-dirt-file-on-own-minister-20090325-9ahq.html?page=-1 ".

The above was 4 to 5 days before the Chinese money to Senator Sam Dastyari Affiar became public. The Dastyari Affair hit the airwaves:

= 30-31 August 2016
http://www.abc.net.au/news/2016-08-30/senator-sam-dastyari-under-fire-after-chinese-donor-foots-bill/7799608 .

Planta the Prescient? Maybe!