Uncategorized
December 17, 2020
Protectionism. Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety […]
December 17, 2020
Background. There are three foundation stones to investing. For simplicity let’s call them Saving, Structure, Rate of Return. There are three major expenses in your […]
December 17, 2020
I feel for John Maynard Keynes these days. New age economists seem to want to take pot shots at someone who lived in an entirely […]
December 17, 2020
Just over 100 years ago the average western family had 8 children and the parents were survived by two children. Two things happened, antibiotics were […]
December 17, 2020
Background. Australia was built on small business starting from the convict days and the free settlers. Settlers were given parcels of land and made their […]
December 17, 2020
When embarking on a goal, one of the first things you need to do is evaluate your resources. I remember the old MacGyver series on […]
December 17, 2020
We have talked about Pareto and the fact that 80% of the wealth ends up with 20% of the population. Superimposed on that is that […]
December 17, 2020
Economic Rationalisation and Globalisation were sold with the concept of removal of all tariffs in the economic environment of a level playing field. The rhetoric […]
December 17, 2020
Every major disruption or crisis results in the redistribution of wealth. There are always winners and losers. Before we discuss the winners and losers, we […]
December 17, 2020
What is risk in a financial sense? For a technical definition there are many sources you can use such as Investopedia. https://www.investopedia.com/terms/r/risk.asp Type of Risk. […]
December 17, 2020
When I hear someone entering the IR debate with the rider that nobody should be worse off I wonder how our education has changed in […]
December 17, 2020
There are eleven hurdles that must be jumped if Australia is going to move towards some sort of self-reliance by Manufacturing. First margin. The culture […]
December 17, 2020
The first premise of the socialist is that neither Pareto or Matthew exist, and that leads to a belief that if you have a great […]
December 16, 2020
Has the Market Economy Failed? Questions have been continually made about the failure of the market economy. To make sense of the question we need […]
December 16, 2020
Background. Over the whole of the twentieth Century there were economic discussions as to how government can guide the economy. At one end of the […]
December 16, 2020
Over the last 150 years the economy has become a lot more complex and therefore harder to control. It’s almost that as soon as we […]
December 16, 2020
I find this chapter too wonky, his words, so I have tried to summarise it. Money has two functions: As a medium of exchange. As […]
December 16, 2020
The worldwide pandemic has been the catalyst for a number of economic changes that we have been marching toward for the last two decades. The […]
December 16, 2020
As usual I would ask what is the problem. If we are to debate self-sufficiency per se, then the discussion is black and white. I […]
December 16, 2020
I do apologise for the length of this answer but it is something I have been wrestling with for a couple of years, and this […]
December 16, 2020
Two things are evident: The first is that thousands of years of experience has proved that you cannot regulate against poor behaviour. The tragedy in […]
December 16, 2020
The RBA Governor says we need to stimulate the economy by continuing to lower interest rates and maybe through QE. Some senior CEO’s advocate for […]
December 16, 2020
Last night I read Cian’s letter before lights out, I felt good. I woke the next morning to read Paul Kelly and thought I had […]
December 16, 2020
One of my theses is that often we solve the wrong problem. Defining the problem is often the hardest part of the problem solving procedure. […]
December 15, 2020
We have been talking about self-reliance; reliance on one’s own powers and resources rather than those of others, and I have come to the conclusion […]
December 15, 2020
Just like you do not need to code in order to use a computer, you do not need to understand the principles of investing in […]
October 7, 2020
There are 168 hours in a week. How do you use them? First. You need to do a budget. Be honest. I am not saying […]
September 16, 2020
Scott Hargraves point about where the government intervenes is also an issue. I would submit that in the ’80s, not only the government but the […]
September 15, 2020
It is inbuilt in all humans to Survive, Procreate and Believe. In the beginning of the 21st Century the need to survive was being sorely […]
September 15, 2020
The fact that businesses can’t survive more than a few days without income, and people are living paycheque to pay cheque emphasises the appalling state […]
September 15, 2020
LIC’s. I thought it appropriate to go over my investment strategy. I am happy to have another look in 12 months and see whether it […]
September 10, 2020
Capitalism is an economic and political system in which a society’s means of production are held by private individuals or organisations and where products, prices, […]
September 10, 2020
The Parallel University teaches us that humans are constantly speaking to themselves inside their heads. The vast majority of those thoughts are negative, and it […]
September 10, 2020
We have established that only about 40% of the population, after taking out the young, 80% of retirees on a pension, the disabled, the unemployed […]
September 10, 2020
For most of history, capital has been king and income hard to come by. Since the industrial revolution, the world has been through a period […]
September 10, 2020
We have been talking about self-reliance; reliance on one’s own powers and resources rather than those of others, and I have come to the conclusion […]
September 10, 2020
In a normal exercise, we would list all the causes of people not becoming self-reliant. We would then categorise those causes. My guess is that […]
September 10, 2020
Before deciding to solve a problem after you have defined it you need to quantify the problem. I started the video with the “only one […]
September 9, 2020
Self-reliance. Self-support, self-sufficiency, self-sustenance, self-standing, independence, autarky. The starting point for the Centre of Self-reliance is the meaning of Self-reliance. It is more than […]
March 14, 2020
1 TeamWork To achieve really great things, it needs a team. In sport you need a coach, attacking players, defensive players and someone to organise […]
March 13, 2020
We are all great at making plans, not so great at following through on them. What about all the New year’s resolutions broken, the diets […]
March 13, 2020
Up until now, it hasn’t been normal for humans to live to 90 years of age. It wasn’t that long ago that 50 was the […]
March 13, 2020
We live in a time like never before. We have been isolated from the world as it was for thousands of years. We no longer […]