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A quick follow on from yesterday’s Money Morning. We like this quote we’ve found from Professor Walter Block:
“Consider a man and a woman each with a productivity of $10 per hour, and suppose, because of discrimination or whatever, that the man is paid $10 per hour and the woman is paid $8 per hour. [...]

You’ll remember this quote we relayed to you from one of Christopher Joye’s recent blogs at Business Spectator:
“There is an investment category out there that you likely have a large chunk of your wealth tied up in. The problem though, is that it is literally 11.6 times riskier than ‘cash’… Australian equities also don’t stack [...]

Before we get on to today’s Money Morning, this…
“The 2010 Walkley Award goes to… Jason Clout, for the Australian Financial Review’s ‘Rear Window’ column.”
That would be the result if your editor had, a) any influence over the award, and b) any interest in having any influence over the award.
In last Friday’s Money Morning we wrote:
“Let’s [...]

Before we get on to today’s Money Morning, we couldn’t pass up the opportunity to scoff at the further incompetence of government.
As you know, the federal government has spent billions on the stimulus package on the justification it will ‘create’ jobs. Well, now the insulation debacle has been cancelled, what else would a free-spending [...]

We’re still in Australian Small-Cap Investigator mode today.
If you happen to be a subscriber to Australian Small-Cap Investigator I should let you know that the February issue will be released on Monday. If you’re not a subscriber then click here to subscribe.
Anyway, back to Money Morning…
Yesterday I wrote to you about mailbags bulging at [...]

Well, that’s it, the taxpayer subsidised wholesale banking guarantee is set to end on March 31st.
According to Australian Bankers Association (ABA) chief executive David Bell, “The decision comes as no surprise and reflects the relative strength of the banking sector.”
Really? Aw, you know what we think about that don’t you? Do we really [...]

What a farce this last week has been.
It’s proven yet again that the mainstream economists in Australia haven’t got a clue about real economics.
But that’s not surprising, since every last one of them has been brought up on the comic book economics of Keynesianism.
We call it comic book because it’s as though they believe the [...]

“Future Fund backs financial hub tax breaks” – Australian Financial Review
We love newspaper headlines that talk of tax breaks. We love how the journalist, the special interest group and the government talk of the need to provide incentives to businesses by reducing taxes.
But it’s usually a flash in the pan. Before long the [...]

If something’s worth saying, say it three times. We wouldn’t argue with that.
We’ve certainly banged on enough times about Australia’s corrupt banking system, the lies spruiked by the property spruikers, and the rubbish you generally get from the mainstream on the health of the Australian economy.
But surely this effort by the web boffins at [...]

It seems that not only is our friend Michael Pascoe unable to see the value of gold, but he is obviously quite incapable of working out a basic sum – that 1 + 1 = 2.
And his unwavering faith in the ability of the Reserve Bank of Australia is commendable, yet completely mad. After [...]