The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
The Forum - On Line Opinion's article discussion area


RSS 2.0

Main Articles General

Sign In      Register

The Forum > Article Comments > The future of economic policy > Comments

The future of economic policy : Comments

By Peter Fenwick, published 18/11/2020

The art of economics consists in tracing the consequences of that policy not merely for one group but for all groups.

  1. Pages:
  2. Page 1
  3. All
Speaking of economic actions and their effects on different groups, the Morrison government, having wrecked the economy and jobs with its panicked reaction to the China virus, then it's introduction of Jobkeeper payments which have encouraged thousands of bludgers NOT to return to work when they could have, is now starting up another discriminatory scheme with taxpayer money of subsidising the wages bill of employers willing to employ people under 35 years of age.

For starters, if people wanted to employ more staff, if it was worth their while, they would already be doing so. Then there's the discrimination against would-be workers between that age and retiring age. The government gets Lefter and dafter under the Ad Man. Morrison's "popularity" is due only to Albanese's and the ALP's strong unpopularity, and the fact that he has frightened the bejesus out of the plebs.

There is still worse to come. In SA, Premier Marshmallow has slipped back into panic mode after his rush to let people in from overseas again, and his Andrews-like inability to control hotel quarantining.

And, silly citizens seem to be all in favour of these off and on lockdowns that are wrecking businesses and employment.
Posted by ttbn, Wednesday, 18 November 2020 10:13:52 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Sound economic theory? A theory is always unproven assumption until proven when it is no longer theory! Sound economic theory would pump prime the economy at this time! Those in self-made economic straight jackets/self-imposed ideological imperatives? Will proceed as if this was a fundamental truth!

And the most glaring example belongs to President Hoover, who turned a manageable recession into the Great Depression by applying idiotic austerity and too little stimulus? And started to react when the economic horse had bolted with too little too late, with the Hoover dam the only worthwhile project to remember him by?

We for our part are running up the debt tying to support private enterprise the overinflated housing market, recurrent spending, the share market and executive salaries/tax avoidance?

Weare economically crippled at this time by folk welded to their ideological imperatives/true political masters?

When what's required is bold vision and infrastructure projects that reflect that and leave something we can see for generations, for the debt burden we've created!

And logically could begin with rapid rail,i.e., a VLT down the eastern seaboard And MSR thorium as SMRs to power it and an industrial renaissance!

And become the unbeatable power source we'd need to compete on the global energy market 24/7!

And provide the heat source we'd need to extract hydrogen from inexhaustible seawater at the lowest possible cost, via the cracking of the water molecule! Money has never ever ben cheaper!

Don't just dost do something stand there!
Alan B.
Posted by Alan B., Wednesday, 18 November 2020 11:14:15 AM
Find out more about this user Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
Oh dear... another idiot spruiking a book that's already freely downloadable but gives its readers a very deficient understanding of economics.

One logical fallacy in this article is particularly striking:
> For example, if government announces "free childcare" that is a huge benefit for young families and
> child-care workers. It would make no sense for it to be paid for by taxing the families who will benefit.
> It follows that some other sector of society will be taxed to pay for it.
The writer fails to consider the possibility that free childcare results in greater workforce participation, resulting in enough extra tax revenue to pay for it despite no new taxes being imposed.
Posted by Aidan, Wednesday, 18 November 2020 12:13:59 PM
Find out more about this user Visit this user's webpage Recommend this comment for deletion Return to top of page Return to Forum Main Page Copy comment URL to clipboard
  1. Pages:
  2. Page 1
  3. All

About Us :: Search :: Discuss :: Feedback :: Legals :: Privacy