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Foreward to Human Action by John Galt
John Galt writes his long-awaited foreword to Ludwig von Mises’ Human Action using artificial intelligence.
Peter Francis Fenwick
Mar 126 min read


Chalmers offers Australia a New Deal
Chalmers 2024 Budget does not limit government spending to what it can afford. It chases votes in vulnerable seats and rewards cronies.
Peter Francis Fenwick
Feb 8, 20239 min read


Minimum Wage Keeps Youth Unemployed
In the spirit of the famous Harvester case, ACTU secretary Sally McManus is proposing an overhaul of the national minimum wage to better...
Peter Francis Fenwick
Nov 2, 20176 min read


A Message for Politicians Returning to Work
While you have been away, a lot has changed. President Trump is implementing what he promised to do. That is a novelty that you might like to emulate. Some of his key policies will require changes in Australia too. They are going to take bipartisan support. So, this is a message for you all. Firstly, he is planning to reduce personal and corporate taxes. We will need to review ours too. To compete for talent and capital we cannot be too far out of kilter with the rest of t
Peter Francis Fenwick
Feb 6, 20172 min read


Let the Market Set Interest Rates
We are pleased when the Reserve Bank keeps interest rates on hold at their low, low levels. For we know that low interest rates encourage...
Peter Francis Fenwick
Sep 24, 20153 min read


Two Futures: Clare O'Neil and Tim Watts
It was six o’clock on a winter’s night in Melbourne. I entered the Trades Hall and climbed the stairs. The bluestone steps were worn...
Peter Francis Fenwick
Aug 27, 20158 min read


Separation of Powers
Last week, in response to a suggestion that an independent body be established to evaluate infrastructure projects, the Treasurer, Joe Hockey said, “ The thing I’m always wary of is setting up a new independent body…where you just give them money and they determine where the money goes, because ultimately, as a person elected by the people of Australia, I’m accountable for that.” “ If you set up a body that has no accountability – none – no shareholders, no elections, no no
Peter Francis Fenwick
May 19, 20152 min read


Minimum Wages Deny Jobs to Youth
At the first suggestion that minimum wages and penalty rates might be subject to review by the Productivity Commission, the ACTU hit the airwaves and the streets to defend their hard won rights. Rights that had been won by physical, economic and political coercion were not to be trammeled by rational debate; the proposals were offensive. Economics journalist, Peter Martin wrote that there was no evidence to support the contention that minimum wages had a negative impact on e
Peter Francis Fenwick
Mar 9, 20154 min read
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