Brookes News Update

Minimum wage lies v the US economy and the Victorian Libs: The American jobs market is being used to attack the fundamental economic law that pricing any product above its market-clearing price will create a surplus
Should we be concerned with the US economy's falling savings rate?: Because it is not possible to quantitatively establish the amount of real goods and services, various data like real income, real personal consumption expenditure, or real GDP government statistics shouldn't be taken too seriously
Liberal Party implodes while Bracks' Government attacks consumers: Environment Minister John Thwaites is calling for a ban on plastic bags if retailers do not reduce their use. This is another example of ALP stupidity and ignorance
The media, Abu Ghraib and the forgotten massacres: When spoiled Western journalists cave in to Muslim thugs and abuse their positions of influence by writing lies they are deliberately spitting in the faces of real heroes who have taken terrible risks and have even made the ultimate sacrifice
Maureen Dowd's fascist slip: Maureen Dowd is the same penetrating intellect that called Florida's Cuban
community a bunch of totalitarians because they resisted Elian's illegal return to Castro's socialist paradise
Moralising lefties v. free markets: They are everywhere, lefty moralists, I mean. The ones who are forever flaunting their feelings of moral and intellectual superiority, which means nearly all of them
Right-wing hysteria v the Dubai ports deal: The world's shipping business is run by foreigners. Our brain-dead Congress has made so many restrictions on the business everyone avoids flying the American Flag like the plague
Hamas and the Palestinians: a missing opportunity: Perhaps they might notice that the Hamas leadership is a present day Nazi party and the rest of the world might think twice about funding another Reich. Or Caliphate.

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ELSEWHERE

I am posting a lot on Tongue Tied this week so I may not post as much here as I usually do. So if you are not a regular reader of Tongue Tied, maybe you should catch up with this week's offerings. There is not much overlap between what I post there and what I post here.

Fighting the world's woes with liberty: "When I began to read Fidel Valdez Ramos' column in the UN Report I receive frequently via email, I was afraid I would once again be witnessing a plea that the problems of the world should be addressed mainly by way of foreign aid. This is what so many people involved in developmental studies advocate -- for example, Columbia University's Jeffrey Sachs and his celebrity partner, U2's Bono. To my surprise the essence of Mr. Ramos' pitch was different. Although he is associated with the widely respected mainstream organization, the Ramos Peace and Development Foundation, as well as with the Boao Forum for Asia, the central message Mr. Ramos aired was that one crucial means for helping the world's poor countries is to remove barriers to their entry into the world economic community."

Political boundaries ought not to be economic boundaries: "My next-door neighbor in Virginia agrees to mow my lawn for $25. He mows and I immediately give him $25 in greenbacks. Rather than spend his earnings on beer or a back massage, my neighbor uses the $25 to by a share of Microsoft. Everyone applauds. An American earns money and invests it, making 'our' economy stronger. Now consider a slightly different example in which I live, not in Virginia, but in Maine on the U.S. side of the Canada-U.S. border. My neighbor is a Canadian living in Canada. He mows my lawn; I pay him 25 U.S. dollars. While my neighbor and I are just as pleased with our transaction in this example as we are in the previous one, pundits and politicians regard the second case with much more suspicion."

A Tocquevillian in the Vatican: "Upon Joseph Ratzinger's election to the Papacy in April 2005, many commentators correctly noted that Benedict XVI's self-described theological "master" was St. Augustine. The fifth-century African bishop is widely acknowledged as a giant of the early church whose life and writings are counted, even by his detractors, among the most decisive in shaping Western civilization. Pope Benedict's first encyclical, Deus Caritas Est, is full of citations and themes drawn from Augustine's texts. The encyclical's publication appears, however, to confirm that another, more contemporary thinker has influenced the way that Benedict XVI views religion in free societies and the nature of the state. That person is the nineteenth-century French social philosopher Alexis de Tocqueville.... What Tocqueville did not doubt, however, was religion's importance in sustaining free societies. This theme is addressed at length in Democracy in America. More importantly, it has attracted Joseph Ratzinger's attention".

William Stuntz, a law professor at Harvard, offers an amusing analogy: "Harvard is the General Motors of American universities: rich, bureaucratic, and confident--a deadly combination. Fifty years from now, Larry Summers's resignation will be known as the moment when Harvard embraced GM's fate. From now on, the decline will likely be steep. And not only at Harvard: Among research universities as in the car market of generations past, other American institutions will follow the market leaders, straight to the bottom. The only question is who gets to play the role of Toyota in this metaphor."

Why Venezuela's Chavez should make the left cringe: "The left has repeatedly condemned the right for being militaristic. It has pressed for disarmament in the region, deeming it immoral that resources should be used to buy weapons when so many people are hungry. Hugo Chavez has started the biggest arms build-up in Latin America in a long time. He is buying $2 billion plus worth of Mi-17 and Mi-35 helicopters, Mig-29 fighters, C-295 transport planes, patrol ships, and corvettes. He has knocked every door, from Brazil to Spain, from Russia to China, lusting for weapons."

Frist: Tax cuts make money: "Many people in Washington have long known a dirty little secret about tax-cut measures: When done right, they actually result in more money for the government. Ever since the Senate approved the last major tax relief bill, in 2003, revenues have increased every year. In 2004, they went up 5.5%. Last year, they rose 14.5%, the largest increase in nearly 25 years. Total government collections, in fact, increased more after President Bush's 2003 tax cuts than they did after President Clinton's 1994 tax hikes."

Another huge conservative laugh here at the embittered Leftists who have few or no children. Tomorrow belongs to conservatives.

For more postings, see EDUCATION WATCH, GREENIE WATCH, POLITICAL CORRECTNESS WATCH, GUN WATCH, SOCIALIZED MEDICINE. Mirror sites here, here, here, here and here. On Social Security see Dick McDonald and for purely Australian news see Australian Politics (mirrored here).

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Practically all policies advocated by the Left create poverty. Leftists get the government to waste vast slabs of the country's labour-force on bureaucracy and paperwork and so load the burden of providing most useful goods and services onto fewer and fewer people. So fewer useful goods and services are produced to go around. That is no accident. The Left love the poor. The Left need the poor so that they can feel good by patronizing and "helping" them. So they do their best to create as many poor people as possible.

The Big Lie of the late 20th century was that Nazism was Rightist. It was in fact typical of the Leftism of its day. It was only to the Right of Stalin's Communism. The very word "Nazi" is a German abbreviation for "National Socialist" (Nationalsozialistisch)

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