Lucky country no more

This sort of thing is always news to politicians, most of the community and to almost all economists: The Economy Doesn’t Need Government ‘Help’ To Reopen.

Governments don’t create economies. It’s not only beyond their legitimate functions, it’s beyond their abilities. They need to stay out of the way and let the wisdom of markets steer us back to normal.

“The wisdom of markets!” Do you think Dangerous Dan Andrews would have any idea what that means? There are many others I would ask that same question of but will leave it there. Because this is the reality that comes in the very next sentence after.

But some officials see an opening through which they can drive their big government dreams.

These people are incompetent to direct an economy. Or let me put it this way. THESE PEOPLE ARE INCOMPETENT TO DIRECT AN ECONOMY. This is Daniel Andrews bio from Wikipedia.

Andrews was born in Williamstown, a suburb of Melbourne, to Bob Andrews (1950–2016) and Jan (born 1944). In 1983 his family moved to Wangaratta, where he was educated at the Marist Brothers‘ Galen Catholic College.[1] Andrews moved back to Melbourne in 1990 to attend Monash University, where he was a resident of Mannix College and graduated with a Bachelor of Arts degree in politics and classics in 1996. After graduating, Andrews became an electorate officer for federal Labor MP Alan Griffin. He worked at the party’s head office from 1999 to 2002, initially as an organiser, and then as assistant state secretary.

Following his election to parliament in the Legislative Assembly seat of Mulgrave at the 2002 election, Andrews was appointed Parliamentary Secretary for Health in the Steve Bracks Labor government. Following the 2006 election, Andrews was appointed to the Cabinet, becoming Minister for Gaming, Minister for Consumer Affairs and Minister Assisting the Premier on Multicultural Affairs. In 2007, Andrews became Minister for Health in the John Brumby Labor government….

Brumby resigned as leader of the Victorian Labor Party following the Labor defeat at the 2010 election, after 11 years of Labor governments. On 3 December 2010, Andrews was elected Victorian Labor Party leader, becoming Leader of the Opposition in Victoria.

At the [2014] election, Labor gained seven seats for a total of 47, a majority of two.

And thus Daniel Andrews, economic cypher but socialist extrordinare became premier. And now he not only guides Victoria right towards the rocks, but he is signalling the way for the Feds to do the same. Shall I mention Scott Morrison and his career. Why not?

Morrison was born in Sydney and studied economic geography at the University of New South Wales. He worked as director of the New Zealand Office of Tourism and Sport from 1998 to 2000 and was managing director of Tourism Australia from 2004 to 2006. Morrison was also state director of the New South Wales Liberal Party from 2000 to 2004. He was later elected to the House of Representatives at the 2007 election, representing the Division of Cook in New South Wales.

Etc etc. And just how on top of things is our PM? The news just in: Scott Morrison to push for WHO to be given ‘weapons inspector powers’.

Australia will push for the World Health Organisation to be given the powers of an international “weapons inspector” that would be mandated to enter a country without invitation to trace the source of outbreaks in any future pandemics.

It is believed that Scott Morrison raised the idea with world leaders over the past several days while seeking a consensus for reform of the organisation be given priority and should not wait for any review or investigation into COVID-19 pandemic which could take as long as five years.

It is believed that Scott Morrison raised the idea with world leaders over the past several days while seeking a consensus for reform of the organisation be given priority and should not wait for any review or investigation into COVID-19 pandemic which could take as long as five years.

Let me add that after all this disruption, the most useful way to get us back to something like how things only so recently were is not to disrupt markets any further but just let conditions work themselves out on their own. Gently, gently. Thus we have the Head of the RBA coming up with this:

Handing down a detailed assessment of the damage being wrought by the COVID-19 pandemic, Dr Lowe warned that the nation could not rely on a quick return to a pre-coronavirus economy and suggested long-ignored calls for income, consumption and land tax reform, as well as stripping regulations that stifle innovation, would need to be revived.

Does no one in charge know how to run an economy any more?

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