Category

Australian Politics

I think the Australian government must be one of the most ignorant governments I’ve ever seen, in the sense, right across the board, on immigration or about anything else, they’re totally unwilling to listen to science or logic.

Lord Deben
July 12, 2019

The most shocking fact about war is that its victims and its instruments are individual human beings, and that these individual beings are condemned by the monstrous conventions of politics to murder or be murdered in quarrels not their own.

Aldous Huxley
June 23, 2019

Modern macroeconomists “solve” the problem [of market imbalance] by assuming it away: the standard models assume that somehow the economy is in equilibrium, with demand for labour and goods somehow just equalling supply. That we achieve this beautiful equilibrium is, like the belief in market efficiency itself, a matter of deep religious conviction, and the path we take to get there a matter of mystical revelation. If a problem crops up in this all-encompassing theory – if there is unemployment, for example – the response is simple: blame the victim, meaning workers, for demanding too-high wages, or migrants, for flooding the job market. If only wages were sufficiently flexible, the theory goes, or borders sufficiently forbidding, the economy would always be at full employment.

Joseph Stiglitz
June 9, 2019