Tax Revenue

Why Australia's Economy Is A House Of Cards

"For over a quarter of a century our economy mostly grew because of dumb luck... As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble....Unfortunately for Australia, that “lucky” free ride is just about to end..."

How The Fed Destroyed The Functioning American Democracy And Bankrupted The Nation

"...a functioning democratic republic is premised on a simple agreement that We (the people) will freely choose our leaders... The intervention of the Federal Reserve into that equation, controlling interest rates, outright purchasing assets, and plainly goosing asset prices has introduced a cancer into the nation which has now metastasized."

Frontrunning: October 27

  • U.S. Economy Expected to Show Momentum, Despite Storms (WSJ)
  • As Trump tax comes to floor, failure could spell stocks selloff (Reuters)
  • Washington’s Biggest Mystery: What’s in the Republican Tax Plan? (BBG)
  • Spain set to impose direct rule in Catalonia as crisis spirals (Reuters)
  • Catalans Send Emissary to Madrid to Plead for a Deal (BBG)

Europe's Secession Problems Aren't Going Away

"Europe's democracy problem persists. Is democracy only allowed when it is no threat to the established status quo for nation-states? Should the central government send in the troops to beat citizens and seize ballots when people vote 'the wrong way'? "