Samizdata quote of the day
38 minutes ago
The MPs suggested the Women's Affairs Ministry could be absorbed into the research unit of the Social Development Ministry, and said they suspected some of the work was already replicated there.
They said all departments should seriously consider issues of gender equality, just as the private sector did, without relying on a gender-based body to abrogate any responsibility.
Markets don't work perfectly, but they are the best wealth-creating mechanism yet discovered. New Zealanders, and the New Zealand Government, need to embrace them, not bet on the ability of smart officials or ministers to outperform them.
Unfortunately for the global taxers, their views are not likely to have much traction in the middle of a worldwide economic downturn. It is easier to send people on guilt trips when they are not worried about simply surviving.
I regret the loss of the right to elect trial by jury for small but important charges on matters of principle, where judges cannot be trusted to reflect the common conscience.
The OECD says a single unemployed Australian on NewStart now receives only 68 per cent of the pension.
At this moment, when the world’s monetary system appears increasingly shaky, Prof Fekete details why the current paradigm is flawed and how the problems must be dealt with. This is almost taboo in the main stream financial media. Prof Fekete explains it as a gold crisis, not a dollar crisis. Those who doubt it would do well to recall that every fiat* money system ever tried – and history is littered with examples – failed.
* Money that is not backed by, or convertible to, any specific commodity and whose only value is that determined by government.