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There are plenty of myths and legends in economics and politics.
One that has gained a lot of support – thanks to bureaucratic propaganda – is that tax cuts are inflationary.
Needless to say, this downright lie has been lapped up by the political hacks in the mainstream press. Largely because, well that’s what the bureaucrats [...]

Well, it looks as though the pathetic mainstream press has started to awaken from its slumber on the Super Tax.
Over the last day or so we’ve finally seen the penny drop as they realise the Super Profits Tax isn’t a tax on Super Profits, it’s just a bigger tax.
As our example showed yesterday, it’s not [...]

It’s a question worth asking. So we’ll take a look at that in a moment.
But before I do, a quick note on today’s front page of the Australian Financial Review (AFR).
There’s a saying that “The pen is mightier than the sword.” In other words, the written word can be more powerful in its [...]

We thought we had today’s Money Morning all planned out. Yesterday we took a swipe at the banks and how they’re surviving by a thread.
In our guest appearance over at The Daily Reckoning we mentioned to those readers what we’ve written here. That any global treaty on Climate Change is merely an excuse [...]

On our mind is the flaky and fragile Australian banking system.
Do you remember it was only a few weeks ago that the mainstream press was telling you that the major banks were winding back their reliance on the government wholesale funding guarantee?
Well, maybe they are, but they still can’t help themselves.
According to the Sydney Morning [...]

Time and again the mainstream press puts the cart before the horse.
They aren’t alone of course. After all, much of the time the mainstream press only writes what it does because it is fed with drivel by mainstream Keynesian economists.
The headline in yesterday’s Australian Financial Review (AFR) was a perfect example of the press getting [...]