This was just put up at Instapundit. THIS IS WHAT THE LEFT ENVISIONS FOR US: Every nation should learn Australia’s lessons.5
This is the larger question asked at the link: “What happens when a country divests itself of anything that can assure its self-sufficiency? Australia provides an answer to that question.”
The central element of pre-Keynesian economics was value added. Unfortunately we are all Keynesians now. Read it all.
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