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Residents find out from the media that their homes are to be demolished to make way for the Victorian government's new railway development. Green fanatics and an out-of-control government department have crushed a young family's hopes and dreams in rural Western Australia. Julia Gillard's annoucement of a 'regional architecture' for the processing of illegal immigrants, has raised concerns about Australia's national sovereignty. Fmr NSW Premier, Bob Carr, aknowledges that the socialist faction of the ALP was infested with communists at the height of the Cold War.
Opinion
It is an indisputable fact that the Australian Founding Fathers designed a strongly Federalist constitution, with the Federal Government holding few enumerated powers, and the vast bulk of political authority reserved for the states, and that this was overwhelmingly endorsed by the Australian people at referendum.
I am not here to tell you the Mises-Hayek theory of the business cycle is a work of art that has no flaws. If I said that, then I would be living up to Quiggin's caricature. What I will say is that the Austrian explanation of the boom-bust cycle makes more sense than any other explanation I've seen.
It is difficult to reconcile government as an agency that can do anything to promote the liberty, prosperity and security of individuals. Nonetheless, advocates of limited government argue that there is a legitimate role for the state, while others believe that, not only is government legitimate, it should have a far more active role in the affairs of individuals.
PM Gillard's new federal resource rent tax is an unconstitutional slap in the face to the fathers of Australian Federation. It represents yet another example of this Labor government's centralising tendancies. Under our federal system of government, royalities on the mining land is a sovereign matter for the relevant state.
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The Austrians, in contrast to all other schools of thought, do not regard the depression as bad news, for it is the necessary correction to put production back in line with consumers' preferences. This view regards the preceding inflation as the ill setting the stage for the needed correction.
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