Ron commented on aaron's question: “Duh, you really reckon Ron Paul would join an Australian PM forum while he's battling for the Republican nomination? In regard to China, since unleashing market reforms, the country has pulled out 600m people out of the absolute poverty line despite having a reputation of corruption. Tell me of a government which doesn't not have corruption? If they aren't, they are probably really good in concealing corruption.”
Ron commented on Romina's question: “Gillard's a Keynesian.”
Ron commented on aaron's question: “And you're right about China and gold. China is even promoting its citizens to buy precious metals.”
Ron commented on aaron's question: “China is deliberately trying to slow down its economy to prevent the bubble getting bigger. Their economy will not implode as they have high savings, production and investment economy. ”
Ron commented on Noah M.'s question: “Thomas Jefferson and George Washington grew hemp. It also help the US win WWII. Farming industrial hemp is currently illegal in the US, but legal in some states of Australia. However, consumption of hemp seed has not been legalised in Australia. Due to their low THC content and high nutritional value, I don't understand why it is not legalised.”
Ron commented on James 's question: “That wasn't a question, but that doesn't matter because a lot of Australians probably agree with you.”
Ron commented on Brendan's question: “Recessions are a necessary process to weed out inefficient firms and clean out the excesses of the previous boom. Labor prevented a recession by going deep into debt and fueling consumption to boost the GDP figures. This will result in short term gain for long term pain.”
Ron commented on Brendan's question: “It is a Marxist, Maoist and Keynesian thing. Libs know how to get our economy on track which is sometimes unpopular, and Labor knows how to buy popularity and votes by giving Australians free money and reflating the economic bubble.”
Ron commented on Lola's question: “You got your units wrong...Australia is in BILLIONS of dollars in debt, the largest in Australia's history. Australia used to be in a surplus under the Libs. Costello must be crying out "what have you done to my baby?"”
Ron commented on Nigel's question: “The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselvesin their separate, and individual capacities. In all that the people can individually do as well for themselves, government ought not to interfere. -Abraham Lincoln In regard to what Labor should do...nothing at all and leave them alone.”
Ron commented on aaron's question: “Labor is clueless when it comes to sound money and does not see gold as having real value. Australia is in a mining boom but yet, the country is deep in record levels of debt. Once mining is taken out of the equation, Australia will be a non-productive economy, with just an unsustainable service sector. Latest GDP figures showed that manufacturing did not contribute to growth. Going back on the gold standard will instill discipline, unfortunately Gillard would rather make jewelry for herself than minting it into bullion.”
Ron commented on Rod's question: “The five largest arms exporters are the United States, the United Kingdom, Russia, France, and China, also the five permanent members of the United Nations Security Council - Lord of War”
Ron commented on Ron's question: “Labor don't make Australians laugh, they do however make us the laughing stock of the world, such as when they tried to lecture the EU on how to run an economy. Labor's policies are no different to EU e.g. higher taxes and regulation/bureaucracy, record debt levels, high consumption etc”
Ron commented on Ron's question: “Labor imported Maoism, Marxism and Keynesian economics to Australia, and exported Austrian economics.”
Ron asked the question: “During the GFC, Labor avoided a recession by “going into debt and spending their way out,” such as the $900 cash payments, which helped artificially boost the failing retail sector. Parts of the banking sector was saved when Labor prevented short selling of bank stocks, and introduced the deposit guarantee program, giving banks the “moral hazard” to take on riskier bets at the expense of the government. The real estate sector was also artificially reflated when Labor increased the first home buyer’s grant, which became a carrot for...”
