Sunday, June 2, 2019

Australia: A Teachable Moment

Actually, not just a teachable moment: Let's call it a moment of decades. Australia, where its "dysfunctional" conservative government (according to left-leaning Slate magazine) just won elections, has not had a recession in 28 years.  

I put that in boldface because it's a remarkable fact. I've been reading more and more about Australia lately. Thanks to Netflix, I've been able to watch some Australian TV.  I read and heard that Australia is a lot like Texas, where I currently live. This alone makes it more interesting. I've never been there, but I've put it on my bucket list. 

Sometimes we don't think about Australia at all, since it is literally on the other side of the world. When it's winter in Chicago, it's summer in Sydney. The quickest trip from Chicago to Sydney I could find with a basic Google search was 20 hours, 15 minutes via San Francisco. It's actually 19 hours in the air. 

Australia -- like Europe -- recently had national elections where left-wing and crazy liberal ideas were basically defeated. People around the world are beginning to wake up. Hope that trend continues here in the United States. 

It seems that in Australia, many people feared climate policy more than climate change. You can read more about here in a May 20th post on this blog.

In fact, Charles Payne of CNBC put it aptly here
The “Black Sunday” headline says it all - globalists and political elites see voting outcomes across Europe as catastrophic setbacks instead of long overdue indictments of their control over the government and industries that have yielded nothing for the masses other than fading glory and ruinous status quo.
But I digress. If you're interested, I've compiled a list of articles that dive deeper into the Australian economic and political system. Otherwise, take away this fact of life: conservative economic policies (smaller government, less taxation and regulation) generally work more effectively. 

New Research from Australia on Government Spending and Economic Growth

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