Trickle Up Economics

 Coalition unlikely to lift unemployment benefits when jobkeeper scrapped in March

They will lift it but only marginally so, might not even reach my prediction of $50 per week. Frydenburg argues against an increase because a lift will be an ongoing structural increase in the deficit. Yet for the sake of protecting a coalition seat in South Australia there is the 50-60-70 ??? billion fiasco submarine build, the proposed 270 billion defense spend for missiles etc, and tax cuts that will decrease revenue by hundreds of billions of dollars over the next decade. All those are structural increases in the deficit and all those do not have a significant multiplier effect by promoting greater economic activity through infrastructure improvement.  

Africa Doesn't Matter by Giles Bolton - Book Review

Africa Doesn't Matter: How the West Has Failed the Poorest Continent and What We Can Do About It.
Giles Bolton 2007
Arcade Publishing, NY

A long time ago I was introduced to Chomsky. His scholarship is impressive, his arguments are strong, but after reading a couple of his texts I thought to myself, "What do I gain from reading more of the same sad story about the influence of power in human affairs?" Chomsky left me frustrated because while he can powerfully articulate an argument and raise many important issues, he does not seem to proffer any real solutions to the problems he raises. Perhaps I am wrong about that, perhaps I have forgotten his prescriptions for action, but I am pleased to report that Giles Bolton does make a genuine and fruitful effort to put forward solutions and attitudes we can adopt to help recover the cradle of humanity.