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The Forum > Article Comments > On regulating banking and financial services > Comments

On regulating banking and financial services : Comments

By Max Atkinson, published 29/12/2016

ASIC’s ability to protect the public is compromised by a culture of confidentiality and by the fact that, as a government agency, it cannot publicly question current business practice.

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Ho hum, more economic illiteracy from the leftards.

Max: economic calculation argument:
“Economic Calculation in the Socialist Commonwealth” by Ludwig von Mises
https://mises.org/system/tdf/Economic%20Calculation%20in%20the%20Socialist%20Commonwealth_Vol_2_3.pdf?file=1&type=document

*Learn* to *understand* what you're talking about, you fool.

AFTER AND NOT BEFORE you can accurately represent what it is, and refute it, THEN is the time to baldly assume the omniscience, benevolence and omnipotence of government power. As it is, you are merely displaying your superstitious irrational faith in economic arguments that you aren't even aware of, don't understand, and which were refuted 100 years ago.

"even from seemingly universal values which hold that the interests of all citizens have equal importance."

Gibberish.

So all other citizens are equally entitled to your salary and home are they?

What's the answer?
Posted by Jardine K. Jardine, Thursday, 29 December 2016 12:15:18 PM
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Hear what you're saying Max. And have you tried whistling in the wind or the dark? Because the last thing to occupy a former merchant banker's mind, would seem to be consumer interests or supposed rights? And if it's legal, what has ethics got to do, got to do with it?

Sadly, even an election will change little? And if it could the ratbag lefties inside the tent. will ensure all that really changes are the pigs at the trough?

Climate change, tax reform, decentralization, housing affordability? Too many from your side of politics, chained to totally outdated, irrelevant ideological imperatives and union control, to usher anything more than a great big talk fest that changes very little, save the hands on the levers?

Too many union heavies/uni grads, with little or no real world experience to know what works and how to get it done.

Small, petty, visionless, little, myopically focused, single issue men, who know why it won't work and why we should never ever do it, would make Ben Chifley, the last of the true blue labor visionaries, weep!

It'll be a bright and sunny day Max, when your side of politics start focusing on actually addressing issues, rather than simply focusing on how to get the maximum political mileage out of them?

Big ideas are dangerous ideas, it would seem, and to be talked down at every opportunity? And or, changes we can all believe in!?

Then you wonder why your side of politics is almost as popular as a pork chop at a Bar Mitzvah?
Alan B.
Posted by Alan B., Thursday, 29 December 2016 3:52:00 PM
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ASIC’s ability to protect the public is compromised by a culture of confidentiality and by the fact that, as a government agency, it cannot publicly question current business practice.

This is why we must all write to a local politicians and instruct them to support a royal commission into the banking industry that examines how money is created, the need to get this knowledge into the school curriculum, amongst other issues.
Posted by Referundemdrivensocienty, Monday, 2 January 2017 4:27:34 PM
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Max

No answer I see: just as I thought.

Which means you're a fake, and a hypocrite.

Referundemdrivensocienty
support a royal commission into the banking industry that examines how money is created, the need to get this knowledge into the school curriculum
Your answer is here:

“What Has Government Done to Our Money?” by Murray Rothbard
http://mises.org/books/whathasgovernmentdone.pdf

“The Mystery of Banking” by Murray Rothbard
http://mises.org/Books/mysteryofbanking.pdf

(By the way, you've mispelt 'society'.)
Posted by Jardine K. Jardine, Monday, 2 January 2017 6:35:56 PM
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Posted by Lazarev00091, Tuesday, 17 January 2017 8:40:01 PM
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