Giving people who don’t pay a lot in taxes even more money is even more popular. So in that sense, the arrival of thousands of dollars in government cash to various Aussie households will ‘work’ in the sense that it distracts people from the ongoing disaster that is the world financial crisis. “Look honey! Free bread. Let’s go to the circus!” Please note that shuffling a bit of cash around will not lessen a national debt-to-GDP ratio of around 140%. Nor does it do much to create long-term jobs…
February 4th, 2009 | Dan Denning | 18 comments | Continued Our DR Global Editions: 
Monday, March 22nd, 2010
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2010-03-22 01:36 Most Comments
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SV, I don't disagree with anything you've said, other than a.) the biz about the fear my kids won't have ...
Biker Pete | 22Mar10 | More -
I agree 100% SV.. part of the reason why, at this stage in my life I do not want ...
Stillgotshoeson | 22Mar10 | More -
No one is saying that owning a house is not a good thing.
I am not even saying that the median ...
SV | 22Mar10 | More -
Sambo,
I've not met or spoken to "gold bug" that CAN listen to and debate the other side of the argument.
My ...
prozak | 22Mar10 | More -
An article from the age nearly 2 years ago...
http://news.theage.com.au/business/mortgage-stress-could-grip-1m-aussies-20080424-28av.html
2 year old article.. House prices have increased, number of loans ...
Stillgotshoeson | 22Mar10 | More -
hmmm.... some very interesting thoughts.
I don't know how some people think China, India, Australia will be fine in the the ...
prozak | 22Mar10 | More -
Hi Justin. I personally don't think anything will extinguish debt, other than perhaps war or currency inflation. The Euro can ...
Sambo | 22Mar10 | More -
Fekete an extremist!?
I think not, the extremists are those passing off debt as the 'ultimate extinguisher of debt'. How can ...
Justin | 22Mar10 | More -
Nobody that is incorporated globally wants to confront the liquidation. There isn't any sovereign or corporation to call in ...
Ross | 22Mar10 | More -
I'd agree that 40 years is too far ahead, SV. Even ten is a stretch of the imagination.
SV: "...if more ...
Biker Pete | 22Mar10 | More
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SV, I don't disagree with anything you've said, other than a.) the biz about the fear my kids won't have ...
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