Keynes vs Hayek: The rap battle
January 29, 2010
(John Roskam is away today – but he’ll be back in the Hey… What did I miss? chair next week!)
So: after nearly 2 years reviewing our tax system, Treasury Secretary Ken Henry has concluded that – we can’t have any tax cuts. (Here’s his speech.) Henry reckons the government needs our money too much.
I’d believe that if the government hadn’t recently given:
- $100,000 to a hotel in Tasmania to “keep alive [its] ‘shack culture’”.
- $70,400 to a company in the ACT for mats which can detect when things are on top.
- $499,250 to set up a sardine processing business in South Australia.
- And $1,930,395 to help develop an “Organic Visco-elastic Captive Membrane Quietwave Environmental Noise Barrier”.
There’s a lot more. Here’s the press release we put out after Henry’s speech calling for tax cuts.
And a video that has to be seen to be believed: a rap battle between John Maynard Keynes and Friedrich von Hayek.
Want to know what Obama wants to do to America’s banks? – read this from the Washington Post – and this from the Wall Street Journal on why it won’t work. But not even Obama’s Treasury Department knows what his plan actually is!
Finally, for Dan Hannan fans – his latest video on what Europe needs to learn from the Massachusetts election. And here’s the IPA’s Tom Switzer on what the Republican win means for America.
Here’s what IPA staff have been talking about this week: Alan Moran wrote about property rights for farmers in the Herald Sun on Saturday, and in the Sunday Age, I said if we want to help Haiti, we should let them work overseas. In Online Opinion on Friday, Chris Doig revealed how the Nanny State was killing live music. And on ABC’s Life Matters on Monday, John Roskam talked about how a “Minister for the Respect Agenda” misses the point.
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