[LINK] All Quiet on The Western Front

[Tom Koltai]

An Opinion.

Whilst the markets wait to watch President Obama pull the rabbit out of
the hat.
Unfortunately, more FUD to rationalise and legitimise the inevitable
additional expansion of un-supportable Keynesian policies.

I'm so glad that Australians listened to Kevin Rudd when he said "I
don't want to be Prime Minister of a Country that doesn't manufacture
anything."

Err, we did listen didn't we ?
We did immediately implement policies making it easy for would be
manufacturers to ply their chosen trade ?
We did lower the entry barriers to new inventors and entrepreneurs being
able to create business opportunities and hire their fellow Aussies.
(Didn't we?)

As I am fond of saying, the lady at the markets that makes candles with
nice smells, for sale, is adding more to our economy than any bank that
refuses to loan her money to develop her business because she has no
security.

So much ado about nothing, obviously, America will print more money,
issue more valuable bonds to cover the printing of, and the Asian
markets will scratch their heads and wonder why they're not getting paid
in currency that doesn't devalue by the hour.

.and the aussie dollar no longer has the luxury of a corrective
devaluation our primary producers are headed for the poor house, unless
someone in Canberra quickly calculates and implements a primary producer
(please include industrials) support package. 

The 1930's arrived as a result of over taxation, ridiculous tariffs and
devaluation. At least this time around we don't have any unworkable
Tariffs.

Oh me, oh my.

TomK