BrookesNews update

BrookesNews Update

The 2000 recession can tell us a lot about today's US economy
http://brookesnews.com/051208usrecession.html
If you really want to know in which direction the US economy seems is
heading then you need to read the Austrian explanation of the boom-bust
cycle. The last recession fitted Austrian analysis brilliantly. And we turn
to that recession for illumination of the current state of the economy

Surplus worriers ignore monetary contraction
http://brookesnews.com/051208ausmoney.html
Bank deposits peaked last December at 191.3 after which they started to
contract, falling to 181 in February. It was the same for M1: it peaked at
231.3 before falling to 220.4 in February. If this trend continues then -
surplus or no surplus - the country will go into recession

How labour market reform sank the Howard Government
http://brookesnews.com/081205wages.html
Without a doubt labour market reform was the torpedo that finally sank the
Howard Government. How could a policy based on sound economics have such
damaging political consequences? First and foremost, the Liberal Party made
the mistake of accepting advice from the H. R. Nicholls Society

It is nonsense that only CEOs need fear Obama's tax assault
http://brookesnews.com/081205obamataxes.html
Obama is selling economic snake-oil. He's telling Americans that the way to
promote prosperity is to burden the economy with even heavier taxes. So far
his spending agenda exceeds $307 billion a year. Taxing 'fat cats' won't be
enough. He will have to extract the money from millions of middle-class
taxpayers

The Victoria Liberal Party's civil war
http://brookesnews.com/081205libscivilwar.html
The Victoria Liberal Party is now in a state of civil war as opposing elites
battle for control. At the root of the conflict is the elitism of the
opportunistic likes of Kroger and the stupidity of Baillieu and his
supporters. Both sides have suppressed individual debate within the party
and prevented the rise of talented members

Hillary Clinton's nuclear option
http://brookesnews.com/081205hillaryclinton.html
Most pundits are telling Senator Hillary Clinton that it's all over but the
shouting. The math is against her. But it is also against Obama. Neither
candidate can earn the needed majority in the remaining primaries. The
decision will be made by the Democrats' superdelegates who are free to
change their allegiance at any time


Two recent success in WOT you didn't hear about in the media
http://brookesnews.com/081205wot.html
The corrupt mainstream media are up to their old tricks. They are refusing
to report recent successes against terrorists in Iraq. In doing so they are
lying by omission, once again revealing their hatred of President Bush and
their desire for a terrorist victory


The American left's dangerous illusions
http://brookesnews.com/081205USleft.html
Have you ever wondered why so many people see higher taxes and more
government as the solution to every problem, despite the empirical evidence
that more government reduces economic efficiency and growth, plus diminishes
our liberties?