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[Ed note: the following article first appeared in the US Daily Reckoning on 23rd January 2011] In Praise of Anarchy by Joel Bowman Left alone, good people tend to do good things. And, when unobstructed by coercion, force, violence or any other tool employed by the state in order to foster and maintain a more [...]

Today we’ll start with a letter from Money Morning reader Anon: “First let me say how much I enjoy your money morning commentary.  I feel that my thoughts are very much aligned with yours, although you may not agree by the end of this email. “This is the first time in my life I have [...]

Just a quick Money Morning today.  We’re getting stuck into the January issue of Australian Small-Cap Investigator. And seeing as it’s Friday, we’ll wrap up an old topic.  Rather than start a new one. Let’s be honest.  We can’t blame the mainstream economists for claiming the Queensland floods will stimulate the economy. I mean, they’re [...]

You can’t help but love him… Michael Pascoe of the Fairfax papers. In today’s effort he comes up with two beauties: “And now, with all but the hard-core climate change denialists accepting that extreme weather will become more common, there’s no excuse at all. Streets and houses that flooded in 1974 are flooding again now [...]

Yesterday I wrote to you about the silly headline in The Age newspaper. It was this: “Queensland rebuilding will boost GDP” Look, we love it when we see this kind of nonsense written. Simply because it gives us an excuse to again read Frederic Bastiat’s, “That Which is Seen, and That Which is Not Seen”. [...]

Before we get to today’s Money Morning we just had to relay the exciting news about the Queensland floods. According to today’s The Age: “Queensland rebuilding will boost GDP” We wondered how long it would take the mainstream press to roll out that old chestnut. The mainstream press’s new economic heartthrob, HSBC’s Paul Bloxham said: [...]

2.2 million people lodged their tax return themselves last year by e-tax and that number is increasing. Australian tax return tips This year we can expect, on average, a tax return increase of more than $300 based on goverment grants and reductions. "It’s gone up quite considerably, we reckon last year people got about two [...]

Investors have voted in favour of replacing the management of the City Pacific First Mortgage Fund.

(Adds details, comments) By Denny Thomas and Adrian Bathgate

Treasury Secretary Ken Henry says federal budget forecasts may have been too pessimistic.