Before reading this post I went back to the archived material from 2006. It looks like Henry was spot on in his predictions. I honestly don't know whether his latest post will bear true or not but based on his passed record he is probably correct.

Certainly the GEC raises the issue, if all those government institutions for 'economic management' are so clever, how come they didn't see this coming, and how come their responses don't work.

The fact of the matter is, they are clueless, and the perspicacity of Henry Thornton has rightly spotted this, even though he's been dead these long 194 years past.

To talk of unemployment rates, without considering the price of labour is indeed nonsense. Obviously if government makes it illegal, via minimum wage laws, to employ people then there'll be more unemployment!

Government's policies of 'economic management' are essentially an attempt to fix the price of labour at the level it was during the boom. These policies are doomed to faiulre, and can only make the problem worse, in effect sacrificing the employment of some to the higher wages of others. Some social justice.

But I do not agree that the reserve bank should cut rates. It is precisely governmental manipulation of interest rates that has caused the whole problem in the first place. More to the point, the Reserve Bank should be abolished

well the heading is wrong,and despite many seeing no cut is needed we got a cut[that wont be passed down[yet the cut is enough to remove the goings on in usa today]

THE NEXT HANDOUT WILL BE CARBON CREDITS
YOU HEARD ABOUT THE NEW GLOBAL currency?... geitner ; [pre the g20

well its the carbon credit,the neo age virtual global reserve currency,that puts its global tax[mark]on all anyone tries to barter or sell,verything will have its carbon footprint[either owed in the past or into the future[for eternity]add the tax

the neo tax[the carbon tax]is brought to you by the same think-tank that gave us equity/debt swaps and derivitives[and enron etc]via the cfr,the world bank,imf

environ min garrot[au] and the other greenie g-20 ministers are slipping the neo currency/carbontax deal through in the usa now

*the new reserve currency*[courtesy of those fraudsters ;derivatives traitors][and environment minesters/greenies]..are in usa right now sealing the deal

but timming is everything...[as we speak the red herring headline is being released, rudds fibre to the node, folowed by web 2

just watch as the libs [opposition] melts ...as they do a turn arround in record time,and before you know what went down the derivitives speculators have got their new global carbon credit,[the NEO RESERVE CURRENCY ;see]

that the enron-esq derivitives traitors /speculators will speculate their neo-reserve carbon credit..[reserve currency][and you will be tied into paying the car-bon tax at whatever the market will bear],!
as the web gets censored into web 2

whatever these banker traitors /traders can set the neo con monetary global order tax at what it will globally be the car-bon credit currency will be set at the biggest bonus value by what the market deems fair..lol

the neo new carbon credit..[their latest derivitive scam is nearly a done deal]...and you will be paying for the neo con bull [all you [or'the market'can bear]

...aint the free-mark[et]a free for fee for them[not free for-all but fee for them],

you just pay your new tax,..while the derivitives traitors speculate it into their latest[next]bubble