The only way to create wealth and personal freedom is through markets

This is the overview of a presentation I gave to the IEA in London in 2011: The Basic Axioms and Fundamental Principles of a Free Market Economy. It also provides a brief bio. There is not much to add since then other than the titles of a number of books and articles that I have published since that time.

Most discussions of how economies work start in the middle where there is already a functioning economy. Indeed, it is always assumed in every economics text that markets are already in operation, money exists, labour is at work and capital is in place. What such discussions do not do is explain the basic economic problem that humans have always had to face in trying to make their way in a world in which they must create their own economic circumstances out of their own ingenuity and hard work. This presentation is taken from one of the opening chapters of Dr Kates’ Free Market Economics: an Introduction for the General Reader, a book being co-published by Edward Elgar and the IEA. It is in this chapter that he explains why the only way to create wealth and personal freedom is through markets, individual freedom and government regulations that are based on allowing markets to work. If you are interested in understanding why there is no alternative to a market economy if prosperity and personal freedom are your aims, this is a presentation not to be missed.

For most of his career Dr Kates worked for industry having been for a quarter of a century the Chief Economist for the Australian Chamber of Commerce and Industry (the Australian equivalent of the CBI). As part of this work, he was responsible for the preparation of economic submissions on behalf of business in every area of economic policy. His professional interests have therefore been closely related to the formation of economic theory in line with the needs of policy. He has recently completed an appointment as a Commissioner on the Australian Productivity Commission. His Say’s Law and the Keynesian Revolution, originally published in 1998 but released again in paper in 2009 following the GFC, discussed the loss to economic theory of the disappearance of the classical theory of the cycle.

“There is no scientific evidence that the COVID-19 vaccines improve the health of the individual”

While there is plenty of evidence that these vaxxines do harm. Articles such as this one are suppressed to the fullest extent possible: US COVID-19 Vaccines Proven to Cause More Harm than Good Based on Pivotal Clinical Trial Data Analyzed Using the Proper Scientific Endpoint, “All Cause Severe Morbidity”. Here are the final two paras of what is a quite long but very readable article.

There is an old saying, fool me once shame on you, fool me twice shame on me. This saying can be applied to the COVID-19 mass immunization program. The US anthrax attack of 2001, which originated at US army is Fort Detrick, has demonstrated that there are people in the US government who desire to attack US citizens with bioweapons [10]. According to the chief FBI agent leading the investigation of the US anthrax attack, conspirators were likely not apprehended in part because the investigation was prematurely ended and prior to stopping the investigation, people at the top of the FBI deliberately tried to sabotage the investigation [11]. In the US anthrax attack of 2001, people high in the US government publicly anticipated the anthrax attack as early as 1999 [10].

Similarly with the COVID-19 attack, people high in government anticipated the COVID-19 attack [12,13] several years before the attack took place [10]. There is even data that an effort was made in 2018 to protect certain populations against COVID-19 by immunizing them with MMR vaccine [14]. In such a hostile government environment, the citizens need to individually evaluate the science of immunization with COVID-19 vaccines and not rely on philosophical arguments propagated by government officials. In this case there is no scientific evidence that the COVID-19 vaccines improve the health of the individual, much less of the population as a whole. Mass immunization with COVID-19 vaccines is certainly leading to a catastrophic public health event

While there is plenty of evidence that these vaxxines do harm. Articles such as this one are suppressed to the fullest extent possible: US COVID-19 Vaccines Proven to Cause More Harm than Good Based on Pivotal Clinical Trial Data Analyzed Using the Proper Scientific Endpoint, “All Cause Severe Morbidity”. Here are the final two paras of what is a quite long but very readable article.

There is an old saying, fool me once shame on you, fool me twice shame on me. This saying can be applied to the COVID-19 mass immunization program. The US anthrax attack of 2001, which originated at US army is Fort Detrick, has demonstrated that there are people in the US government who desire to attack US citizens with bioweapons [10]. According to the chief FBI agent leading the investigation of the US anthrax attack, conspirators were likely not apprehended in part because the investigation was prematurely ended and prior to stopping the investigation, people at the top of the FBI deliberately tried to sabotage the investigation [11]. In the US anthrax attack of 2001, people high in the US government publicly anticipated the anthrax attack as early as 1999 [10].

Similarly with the COVID-19 attack, people high in government anticipated the COVID-19 attack [12,13] several years before the attack took place [10]. There is even data that an effort was made in 2018 to protect certain populations against COVID-19 by immunizing them with MMR vaccine [14]. In such a hostile government environment, the citizens need to individually evaluate the science of immunization with COVID-19 vaccines and not rely on philosophical arguments propagated by government officials. In this case there is no scientific evidence that the COVID-19 vaccines improve the health of the individual, much less of the population as a whole. Mass immunization with COVID-19 vaccines is certainly leading to a catastrophic public health event

AND LET ME ADD THIS: This is from John Roskam at the IPA. Quite fascinating, specially the date!

(As it happens on just this point a few days ago an IPA member emailed a link to a news story on the SBS from August 2017 – this is what the story said:

A NSW Health report confirms 35,727 cases of the flu have been detected in NSW residents so far in 2017, compared to last year’s 12 months record of 35,538… The highest number of cases in a year so far was in 2015, with more than 100,000 recorded. The Royal Australian College of General Practitioners’ Dr Bastian Seidel says the lab-confirmed cases are just a small part of the story. ‘Every year, we are seeing 300,000 Australians who do contract the flu. 180,000 of them are going to be admitted to hospital because of complications and unfortunately 3,000 Australians will die from complications of influenza.’

Professor Rawlinson, the virologist says, while no-one is immune from contracting the flu, some people are more likely to have a serious reaction. ‘People with diabetes, people with chronic heart or lung disease, people who’ve received transplants, Aboriginal and Torres Strait Islanders who are particularly over the age of 50, as well as elderly people – and they’re defined as over 65 – those are at the risk of more severe illness.)

(As it happens on just this point a few days ago an IPA member emailed a link to a news story on the SBS from August 2017 – this is what the story said:

A NSW Health report confirms 35,727 cases of the flu have been detected in NSW residents so far in 2017, compared to last year’s 12 months record of 35,538… The highest number of cases in a year so far was in 2015, with more than 100,000 recorded. The Royal Australian College of General Practitioners’ Dr Bastian Seidel says the lab-confirmed cases are just a small part of the story. ‘Every year, we are seeing 300,000 Australians who do contract the flu. 180,000 of them are going to be admitted to hospital because of complications and unfortunately 3,000 Australians will die from complications of influenza.’

Professor Rawlinson, the virologist says, while no-one is immune from contracting the flu, some people are more likely to have a serious reaction. ‘People with diabetes, people with chronic heart or lung disease, people who’ve received transplants, Aboriginal and Torres Strait Islanders who are particularly over the age of 50, as well as elderly people – and they’re defined as over 65 – those are at the risk of more severe illness.)

“This Has Gotta Stop”

From The Toronto Star — ‘Let the Unvaccinated Die’. And that’s not a letter to the editor but the actual front page. This was the message the paper wanted its readers to read. They believe they are being virtuous and on the side of the angels, but they are as evil as it is possible to be. 

For another and very different perspective there is this: Eric Clapton Appears Frustrated With Covid-19 Vaccine on New Song ‘This Has Gotta Stop’.

In what appears to be his latest salvo against Covid-19 vaccinations and the lockdownEric Clapton has surprise-released a new single, “This Has Gotta Stop,” with an accompanying animated video that also addresses climate change disaster. 

A bluesy shuffle, “This Has Gotta Stop” appears to reference some of the medical issues that Clapton said he experienced after receiving an AstraZeneca vaccination earlier this year with what he claimed were “disastrous” results: “My hands and feet were either frozen, numb or burning,” he wrote at the time. As he sings in “This Has Gotta Stop,” “I knew that something was going on wrong/When you started laying down the law/I can’t move my hands, I break out in sweat/I wanna cry, I can’t take it anymore.” In the chorus he sings, “This has gotta stop/Enough is enough/I can’t take this BS any longer.” 

People are dying from taking these vaxxines. It is hardly the obvious choice since the vaxxines are not actually vaccines and hardly anyone is dying from Covid anyway. 

“Getting vaccinated to protect others is not true!”


The Covid agenda is running hot, but there remain a few who have decided to keep a cool head and see what’s going on, as in: UK data destroys entire premise for vaccine push. Read what’s at the link, but really, what is to be made of this?

The report also made one other important admission:

In other words, getting vaccinated to protect others is not true!

From which the following conclusion is drawn.

This is NOT a sterilising vaccine that stops diseases like polio or hepatitis using live virus. This is for you alone. Which means, as experts like Martin Kulldorff, biostatistician, epidemiologist and professor of medicine at Harvard Medical School, and Jay Bhattacharya, professor of medicine at Stanford University and research associate at the National Bureau of Economic Research, have long said, it makes zero sense to vaccinate the young and healthy.

We are dealing with a world-historical error, and in fact a global assault on young bodies.

There is also this, of course not from a local paper naturally, but nevertheless about a local event: Seven News reporter Denham Hitchcock is rushed to hospital with extremely rare inflammation of the heart after getting the Pfizer Covid shot – but still urges Australians to get vaccinated so borders can reopen. These are the opening details from the link.

  • Channel 7 reporter Denham Hitchcock suffering from heart condition after jab
  • Hitchcock got Pfizer vaccine several weeks ago and had persisting symptoms 
  • He suffered from racing heart, pins and needles and dizziness over weeks
  • Journalist was eventually hospitalised and diagnosed with pericarditis
  • Condition is inflammation of sac-like tissue that surrounds the heart  

But if you ever want to get on a Qantas flight again …

However, there is also this to provide additional breadth and depth which is related to the previous story: Journalist Speaks Out After Being Diagnosed With “Inflammation of the Heart Due to Pfizer Vaccine”. You can read his full statement at the link, but I think this is particularly noteworthy.

25 days after the shot and probably a little late to hospital – but here I am – diagnosed with pericarditis – or inflammation of the heart due to the Pfizer vaccine.
Since being here I’ve contacted health professionals I know in Sydney and while It’s rare – it’s certainly not isolated. One hospital has had well over a dozen cases like me.

Did you get that: “One hospital has had well over a dozen cases” just like him. That’s one hospital. And in the one he is in, there have been more than a dozen such cases. So remind me, how many other patients have died from Covid?

And then there’s this, again about a journalist but this time in the UK: Coroner: BBC Presenter Lisa Shaw Died Due to ‘Vaccine-Induced’ Blood Clots in Brain. From the BBC:

Lisa Shaw, who worked for BBC Radio Newcastle, died at the age of 44 in May after developing headaches a week after getting her first dose of the vaccine.

Newcastle coroner Karen Dilks heard Ms Shaw suffered blood clots in the brain which ultimately led to her death.

The inquest heard the condition linked to the Oxford-AstraZeneca vaccine was very rare.

The coroner said: “Lisa died due to complications of an AstraZeneca Covid vaccination.”

Ms Dilks said Ms Shaw was previously fit and well but concluded that it was “clearly established” that her death was due to a very rare “vaccine-induced thrombotic thrombocytopenia”, a condition which leads to swelling and bleeding of the brain.

Two very rare events that affected two different journalists. And if they weren’t journalists, how likely is it you would have heard a word about either?

Warren Farrel talks to Jordan Peterson

Two of my absolute favourite intellects of the modern age speaking in this instance about an issue of great importance, but hopefully one with no relevance to myself.

These are the notes that come with the video. What they leave out, and it does make me curious why, is the book through which I found Warren Farrel which is a book I could not recommend more: The Myth of Male Power

Dr. Warren Farrell and I discuss his book “The Boy Crisis” which explores the challenges boys face in education, mental health, relationships with fathers, and more. Together we steer the conversation towards the overwhelming experience of being a young male navigating through early adolescent years into adulthood. Warren Farrell is a well-established author who was chosen as one of the world’s top 100 thought leaders at the Financial Times. His books have been published in more than 50 countries and 19 different languages. Farrell is the author of New York Times Bestsellers “The Boy Crisis” and “Why Men Are The Way They Are”. Warren Farrell has been involved in a manifold of powerful movements focused on men and women and has been featured on over a thousand television shows including Oprah Winfrey, and Larry King. Find out more about Dr. Warren Farrell here: https://warrenfarrell.com/. The following shows the breakdown of the video.

[00:00] Jordan Peterson introduces Warren Farrell.

[02:30] Why we are not attending “The Boy Crisis” and delayed gratification.

[13:00] Why we do not attest to “The Boy Crisis” and the disposable male crisis.

[17:30] The role of anger and couples communication.

[21:30] Criticisms from men on “traditional marriage” and the prejudice of the court system to men and custody battles.

[28:00] The four most detrimental things that children need in order to do their best.

[33:00] The development advantages when both father and mother are involved and delayed gratification.

[36:30] The disagreeableness of fathers and examples of delayed gratification.

[(43:30] Teaching a child “no.”

[45:00] Examples of delayed gratification in fathers. [49:00] Personality traits in parenting.

[55:00] The zone of proximal development.

[01:02:30] The importance of parental dialogue and quality time.

[01:06:30] The developmental advantage of fathers teaching ‘teasing.’

[01:14:30] Men and women cohabiting in a workplace.

[01:24:00] The differences of choices between men and women lead to men making more money.

[01:25:30] The father’s Catch 22.

[01:33:30] Why are fathers making more money? The importance of respect in relationships.

[01:38:00] The competitiveness around men and women and the fear of rejection.

[01:45:30] Robert Crum’s bird-headed woman.

[01:50:00] In light of this information, what do we do?

[01:53:30] Dr. Thornhill and biological elements for attraction.

[02:00:30] What we can do to help, and the issues faced to implement such actions.

[02:04:00] The Father Warrior Program idea.

[02:09:00] Dr. Farrell’s suggestions to both Trump & Biden administrations.

[02:14:00] Dad deprived situations, and Dr. Farrell’s experience talking to the prison population.

[02:16:00] The importance of role models and what single moms can do.

[02:21:30] Issues Farrell faced while getting through with both political parties.

[02:26:30] Drafting and male privilege.

[02:31:00] The dialogue that’s needed in our culture.

Visit http://www.jordanbpeterson.com to view more information about Jordan, his books, lectures, social media, blog posts, and more.

Jordan B. Peterson is a professor of psychology at the University of Toronto, a clinical psychologist, and the author of the multi-million copy bestseller 12 Rules for Life: An Antidote to Chaos, #1 for nonfiction in 2018 in the US, Canada, the UK, Australia, New Zealand, Sweden, the Netherlands, Brazil and Norway, and slated for translation into 50 languages. Dr. Peterson has appeared on many popular podcasts and shows, including the Joe Rogan Experience, The Rubin Report, H3H3 Podcast, and many more. Dr. Peterson’s own podcast has focused mainly on his lecture series, covering a great deal of psychology and historical content. Jordan is expanding his current podcast from lectures to interviews with influential people around the world. We hope you enjoy this episode and more to come from Dr. Peterson in the future.

How will this Covid business ever end?

I’m not sure which is more unreal, the portrayal of Australia as a dystopian nightmare or local presenters not seeing why it looks that way to everyone else. There is this as well which you might also have a read of: Fox News host Tucker Carlson slams Australia’s lockdown ‘lunacy’. The Carlson presentation is also shown in the video above.

Friends from around the world keep writing to me about what they hear and it is pretty amazing. I’m not sure it’s any worse here than anywhere else. The actual point is that it’s pretty insane in lots of places, not just here, with Daniel Andrews a low point. 

Still, when will this all end remains the question. It’s mostly just pretend anyway: The CDC Only Tracks a Fraction of Breakthrough COVID-19 Infections, Even as Cases Surge.

As the pandemic enters a critical new phase, public health authorities continue to lack data on crucial questions, just as they did when COVID-19 first tore through the United States in the spring of 2020. Today there remains no full understanding on how the aggressively contagious delta variant spreads among the nearly 200 million partially or fully vaccinated Americans like Ingram, or on how many are getting sick.

The nation is flying blind yet again, critics say, because on May 1 of this year — as the new variant found a foothold in the U.S. — the Centers for Disease Control and Prevention mostly stopped tracking COVID-19 in vaccinated people, also known as breakthrough cases, unless the illness was severe enough to cause hospitalization or death.

Did you get that: “the Centers for Disease Control and Prevention mostly stopped tracking COVID-19 in vaccinated people”. The data is complete junk, both in relation to numbers, and in relation to whether vaxxinated people are getting Covid. There is something very sinister going on, but it will be quite a while before we know what it is. But it remains a massive worry, and by that I don’t mean Covid-19.