Here we will see the shoddy sort of analysis you will get from Nick Gruen. But just to show that stupid economists are upwardly mobile in our society we see the Quiggins wikipedia entry, written no doubt by Quiggin, talks about the number of CITATIONS. The dumb-left reads and quotes mindless lunatics and lifts them up. Helps their careers.
“Government and the private sector are good at different things, and there are gains from trade.”
WHAT ASTONISHING AND UNFORGIVEABLE ABUSE OF ECONOMIC CONCEPTS FROM THIS FUCKING LUNATIC.
The government is good at stealing. The private sector is good at production. There is a trade to be made? Look Nicks just a lunatic and what he’s doing here is making excuses for more stealing. But who would do so by distorting economic concepts in this way? A lot of people. But few with more fervent vandalism than Nick. And not all of them are contacted by Lindsay Tanner to be some sort of governmental harasser of business.
A trade is a voluntary exchange. But anything Nicks talking about isn’t voluntary so it isn’t a trade. Stealing is not a good. Stealing is a bad. But it doesn’t stop there. Nick will keep buggering the language by picking on the word “asset.”
“Thus government has certain assets at its disposal. One of those assets is the taxing power….”
Taxing power is an asset? Well it must FEEL like an asset if you get to use it. “That asset should be ‘worked’ wherever it gives rise to value.”
Stealing ought to be conducted wherever it adds value? But thats alright you see. Because Nicks taken this stealing, renamed it “the taxing power” reclassified this as an “asset” and assets don’t produce a cash flow. Instead assets “add value”.
So he’s just a fucking idiot. But we have allowed a situation to develop wherein people can be lunatics so long as they are QUALIFIED lunatics. Should we really be so surprised when we have this idiot Garnaut prancing around the place then?
“Bruce Chapman has spend a substantial proportion of the last two decades of his life outlining the various ways in which the basic mechanism of HECS can be expanded to all manner of things. Like collecting fines, and helping farmers with droughts and funding maternity leave. As Bruce says, in principle, everything is HECSable. Indeed it is and it’s a worthy agenda which Andrew Leigh has also supported in a column.”
Right. Like that moron Andrew Leigh is some sort of authority. These idiots pass their multi-choice test and then they forget everything they were supposed to know. Now that they have the piece of paper its a license to say any mindless bullshit they want. Nick and Andrew want to smooth out the stealing with HECS so that more can be stolen overall.
“I’ve also argued in favour of the Aussie Mac proposal on the grounds that extending the idea of the government as a guarantor of certain lending as an extension of its role as the lender of last resort and underwriter of financial liquidity is a worthwhile thing to do.”
What magnificent timing. You’d think the idiot would keep it to himself.
So the problem of the degraded level of economics understanding in this country is a big one. Its not just about the dishonesty of Jason Soon being unwilling to confirm to know-nothings that banks create money out of thin air. Its a serious problem and there will be grave consequences as a result of it.