Nanny strikes again
Australia is a free country. That means you can do whatever you like, so long as it’s peaceful and voluntary. If you want to buy a pencil, no problem. If you want to play monopoly with your family, that’s OK too. You can even go for a walk in the park, phone your mum, brush your teeth or wear an Hawaiian shirt. You can do all of this and the government won’t get involved at all.
But of course, we don’t want to get carried away with freedom. So Australia isn’t totally free. To protect us from ourselves, the government has banned various forms of drugs, various forms of marriage, various things you can say, various types of sports, various types of home renovations, various types of food, opening various sorts of business and plenty more.
Yeah, yeah… I can hear the cynics saying that freedom means the freedom to ‘make mistakes’ and that even under teh most totalitarian regimes people were ‘free’ to do as they were told.
The Government in action perhaps, or the velocity of money equation.
I read this on a trading blog which I thought was really amusing. Some parts seem wrong but it does get the essence of what’s going on, particularly in the bailout and other government actions.
It is a slow day in the East Texas town of Madisonville. It is raining, and the little town looks totally deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich tourist from the East is driving through town. He enters the only hotel in the sleepy town and lays a hundred dollar bill on the desk stating he wants to inspect the rooms upstairs in order to pick one to spend the night. As soon as the man walks up the stairs, the hotel proprietor takes the hundred-dollar bill and runs next door to pay his debt to the butcher.
The butcher takes the $100 and runs down the street to pay his debt to the pig farmer. The pig farmer then takes the $100 and heads off to pay his debt to the supplier of feed and fuel.
The guy at the Farmer’s Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has lately had to offer her “services” on credit.The hooker runs to the hotel and pays off her debt with the $100 to the hotel proprietor, paying for the rooms that she had rented when she brought clients to that establishment.
The hotel proprietor then lays the $100 bill back on the counter so the rich traveler will not suspect anything.
At that moment the traveler from the East walks back down the stairs, after inspecting the rooms. He picks up the $100 bill and states that the rooms are not satisfactory…… Pockets the money and walks out the door and leaves town.
No one earned anything. However the whole town is now out of debt, and looks to the future with a lot of optimism.
That, ladies and gentlemen, is how the United States Government is conducting business today. If that doesn’t scare the hell out of you, then I don’t know what will.
-
Recent Comments
Dom Vasta on Libertarians and elections (an… 
Shem Bennett on Libertarians and elections (an… 
'Nuke' Gray on Libertarians and elections (an… Dom Vasta on Libertarians and elections (an… 
TerjeP (say tay-a) on Libertarians and elections (an… TerjeP (say tay-a) on Libertarians and elections (an… 'Nuke' Gray on Libertarians and elections (an… Shem Bennett on Libertarians and elections (an… 
Brendan Halfweeg on The Santa Claus Governmen… 'Nuke' Gray on The unforgivable stupidity of …
Catallaxy Files- Not all recessions are caused by the Fed February 10, 2012More middle of the night blogging. My economics is classical. The almost perfect overlay of my own book can be found in a series of notes taken by Nicholas Kaldor at the LSE in 1927-29 from lectures delivered by the great American economist, Allyn Young. These notes were only published around a decade ago but [...]Steve Kates
- Where’s Romney? February 10, 2012It is quite extraordinary to watch the American political process up close. Now, I admit I have been busy and I don’t watch much of the television and do not read a lot of the press. But before I arrived the thing I did want to do was see more of Mitt Romney since from [...]Steve Kates
- Keeping tabs on the Climate Commission February 10, 2012Gosh, they’ve been flat out over at the Climate Commission. The last event was 9 November last year – in Alice Springs. We really are getting value for money from all those Climate Commissioners. Really educating the public on the intracies of climate change and computer modelling. But fear not, there are two upcoming events [...]Judith Sloan
- Not all recessions are caused by the Fed February 10, 2012
- inCISe
- More on PHI rebate means test February 10, 2012When I wrote in Incise yesterday, ‘Rebate should not be means tested,’ I did not expect events to move quite as quickly as they have. The government seems confident it has the numbers to get the means test through. I wouldn’t be surprised if Rob Oakshott and Andrew Wilkie have indeed swallowed the government’s nonsensical arguments, but it will be interestin […]Robert Carling
- Quiggin versus Carling and Kirchner February 9, 2012John Quiggin accuses Robert Carling and I of ‘an appalling breach of elementary standards of research’ for not acknowledging that Alberto Alesina’s work on the effectiveness of fiscal stimulus and consolidations is ‘highly controversial.’ In fact, we referenced Alesina’s work precisely because it has featured so prominently in public debate, including in the […]Stephen Kirchner
- Police going too far February 9, 2012According to an article in the Sydney Morning Herald, police are lecturing parents for letting their children walk to the shops or catch a bus on their own, with senior police saying such incidents will be reported to the Department of Community Services (DOCs) if a child is considered at risk. But when is a child ‘at risk’? One mother was told it was inappr […]Sara Hudson
- More on PHI rebate means test February 10, 2012
- IPA news
- Let European dogs lie February 9, 2012Australians will be surprised to learn that, apparently, the federal government now has responsibility to help the city of...
- It's time to bring back the thrift February 9, 2012Ted Baillieu plans to shave 3600 jobs from Victoria's bloated public service. The state of Wisconsin in the US, with a...
- We'll huff, we'll puff, we'll blow the budget into surplus February 8, 2012Bill Clinton famously said, "It's the economy, stupid". So it is. Unsuccessful politicians might be inclined to argue,...
- Let European dogs lie February 9, 2012
