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 Idiot: Clueless Jonathan Tasini mouthing off on economic bullshit

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RR Phantom

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Idiot: Clueless Jonathan Tasini mouthing off on economic bullshit Vide
PostSubject: Idiot: Clueless Jonathan Tasini mouthing off on economic bullshit   Idiot: Clueless Jonathan Tasini mouthing off on economic bullshit Icon_minitimeSat Apr 21, 2012 3:22 am
If economics were as precise as medicine, a smart economic "physician" would look at the hand-wringing here over "Dutch disease" and peg it as a short-term bug needing some care, a few aspirin and some commonsense.

They would dismiss it as a distraction from combating the "American disease", which is a far greater threat to Australia.

Dutch disease, in brief, is the downside a boom can have on different industries because of the appreciation of a country's currency. No doubt the high Australian dollar, driven principally by the mining boom, is hurting certain industries.
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But the American disease spreads its hurt into every pore of society. Here is how I define it: an ideology based on a phantom idea called the "free market", whose purity and virtue can only be realised by tearing down any regulation deemed "anti-business", cutting every tax ever conceived and shovelling most of the wealth created in society into the hands of a few.

Read more: http://www.smh.com.au/opinion/society-and-culture/economic-epidemic-avoid-american-diseaselike-plague-20120420-1xcn1.html#ixzz1seoelPye

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