In todays Economist Buttonwood mentions a suggestion by Sushi Wadhwani (former Goldman Sachs economist, member of the monetary policy committee and now hedge fund manager), and Michael Dicks that instead of buying bonds and monetary assets with the funds created through Reserve bank QE (Quantitative easing ) it might be more effective to give people [...]
Continue reading …Like most of the 1%, Steve Jobs killed, or at the very least let people kill themselves to create his wealth. Steve Jobs was a normal guy just like us (but better) or so we thought, he wore jeans and spoke in our language avoiding corporate jargon. Apple makes cool products that seem to look [...]
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Live streaming provided by global revolution.tv The London sit in does look like a liberal strict teacher conducting her troops.. this is not what we want. We do not want another group of leaders telling us what to do we want DemoKratia, we want the FSFP. The people around the “leaders”seemed to realise this and [...]
Continue reading …It is expected by the year 2050 Australia will have increased its population by 75%, rising to 35 million people, Melbourne and Sydney will have populations of over 7 million. The Australian dream of a house in the suburbs with a back yard for children to play in, a back shed to build your own [...]
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Back in the late 19th century an Italian engineer-turned-economist named Vilfredo Pareto was coming up with some interesting notions regarding wealth distribution. Pareto had noticed that quite a bit of Italy’s wealth seemed to be concentrated in the hands of only a few people. After some diligent work, he determined that approximately 20% of the [...]
Continue reading …Update 7th October 2011: Today the Bank of England announced another round of quantitative easing (QE) making this QE2, 85 billion pounds created from thin air to buy “assets” (bonds, securities etc) in the hope some more fuel will spark the economic fires. They are not to worried by the 5 % inflation as they [...]
Continue reading …Global investors are acting like a frightened baby monkey and the US treasury is their abusive parent. Yesterday global investors ran to the perceived safety of US treasuries (again) as more fears over European debt surfaced and overall fear of a global recession looked likely. Italy’s credit rating was down graded to A from A+, [...]
Continue reading …Unaccountable legislative assembly can be simply summed up with the term Elective Dictatorship. When only a lower (Queensland has done away with its upper house) house exists it is tied directly to the formation and execution of the executive branch of Government, this dominance hampers representative democracy. As a protective measure I advocate for one [...]
Continue reading …“[W]e have to wonder why the kings and nobles failed to recognize and solve these seemingly obvious problems undermining their society. Their attention was evidently focused on short term concerns of enriching themselves, waging wars, erecting monuments and competing with each other” Jarad Diamond: Collapse: Why some societies chose to fail Sustainability Every day we [...]
Continue reading …Utilitarianism (the maximisation of aggregate utility) is the school of ethical thought that dictates the most moral course of action is that which brings most good or least harm to the most people. It falls into definition problems immediately because one must define good and harm but don’t worry utilitarians solve this by using simplistic [...]
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