@Support_Pauline An absolute Kindergarten.
I am sorry for you that these are your "work colleagues" when you head into the office.
Sad thing is, people's livelihoods and literally the WHOLE COUNTRY are smashed by every bad or biased decision by these clowns.
Learn Austrian Economics in one X post:
1. Humans act. Every choice a person makes traces back to an incentive, a trade-off, a cost weighed against a benefit. Remove the incentive and the action stops. Distort the incentive and the action warps.
Tax income at 90% and watch producers stop producing. Subsidize failure and watch failure multiply. The behavior follows the reward structure, always.
2. Value exists only in the mind of the person choosing. A glass of water is worth nothing to a drowning man and everything to a man dying of thirst. No central authority can calculate this, because it changes with every individual and every circumstance.
Nothing has value in itself, only the degree to which humans choose to value it. Diamonds and even gold only carry value because humans decided they do.
3. Money does not come from a government decree. It emerged spontaneously when traders needed something durable, divisible, and widely accepted to escape the limitations of direct barter. Gold won that competition across centuries and across dozens of independent civilizations because the market, not a ministry, chose it.
Fiat currency is the state hijacking that evolved institution and replacing it with paper backed by nothing but a legal threat. Every central bank on earth operates on this model right now.
4. Wealth does not fall from the sky. A farmer who eats his entire harvest produces nothing next season. The farmer who saves seed, plants it, and specializes in what he grows best accumulates a surplus. That surplus is capital. Capital funds everything that comes after.
Consumption without prior production is just burning down the furniture for warmth. Every welfare state eventually reaches this point.
5. Strip private property rights and production collapses. A farmer will work his own land until midnight. That same farmer, working collective land, stops at noon. The Soviet Union ran this experiment across seventy years and killed tens of millions, proving the point.
When you cannot own the outcome, you do not produce the outcome.
6. Voluntary trade generates wealth from nothing but mutual preference. When you pay twelve dollars for a meal, you value the meal above twelve dollars; the restaurant values twelve dollars above the meal. Both parties walk away wealthier in real terms. No politician, no regulator, no bureaucrat added anything.
Protectionism destroys this. The 2018 US steel tariffs raised steel prices for American manufacturers, killed more jobs in steel-consuming industries than existed in steel production itself, and transferred wealth from productive firms to a protected few.
7. Ludwig von Mises identified inflation as a tax. Every dollar the Federal Reserve creates without corresponding production dilutes every dollar you already hold. The new money flows first to the government and its contractors, who spend it at current prices. By the time it reaches you, prices have already risen.
The US M2 money supply grew from roughly 15 trillion dollars in January 2020 to over 21 trillion by early 2022. Consumer prices followed. Your savings took the loss.
8. Prices carry information. A price spike tells producers to produce more and tells consumers to use less. It coordinates millions of strangers without a single central command. Interfere with that signal and the coordination breaks.
Rent control in New York City is the cleanest example. Cap rents below market and landlords stop maintaining buildings, stop building new ones, and convert units to other uses. The people rent control was supposed to help pay the price through collapsing supply.
9. Interest rates are the price of capital over time. When the Federal Reserve pushed rates to near zero between 2008 and 2022, it told every investor that capital was nearly free. Businesses built projects that only made sense at zero percent. When rates normalized, the projects failed. The 2022 collapse of the US tech sector and the crypto market were not random events. They were the correction of a decade of artificially cheap capital.
The business cycle is not a mystery of capitalism. Central banks manufacture it.
10. Bureaucrats face no profit and loss. A businessman who misallocates capital goes bankrupt. A bureaucrat who misallocates capital writes a report requesting more funding. The feedback loop that disciplines markets simply does not exist inside a government agency.
The US Department of Education has spent over a trillion dollars since 1980. Literacy rates have not improved. No one at the department has been bankrupted by this outcome.
11. Every producer inside a local market holds knowledge that no bureaucrat in a capital city can replicate. A wheat farmer in Kansas tracks soil moisture, futures prices, local equipment costs, his specific buyer relationships, and a hundred other variables simultaneously. That knowledge lives in the price he sets.
Friedrich Hayek called this tacit knowledge in 1945. The Soviet central planners ignored him and spent fifty years proving him correct, producing chronic shortages of goods that private markets coordinate effortlessly. No model, no algorithm, and no committee can compress what millions of independent actors know into a single plan.
12. Every government intervention produces effects you see and effects you don't. You see the road the state builds. You don't see the factory the tax dollars never funded, the job that never existed, the innovation that never happened because capital was extracted at gunpoint and redirected by bureaucrats with no skin in the game.
Take the 2009 Cash for Clunkers program. Congress destroyed 690,000 working cars, handed dealers a short-term spike, and you saw the sales numbers. The used car market was stripped of affordable inventory, pricing working-class buyers out for years afterward.
13. Prices, supply chains, and language itself coordinate millions of strangers without any central planner issuing a single command. That coordination is spontaneous order: complex, functional patterns that emerge from individuals pursuing their own goals under rules they did not collectively design. No committee holds the dispersed local knowledge required to replicate what voluntary exchange produces every second.
Watch how English evolved. No king designed its grammar. Millions of speakers across centuries adopted words and structures that worked, dropped ones that didn't, and produced a language richer than any bureaucrat could have engineered. Central planners who believe they can replicate that process with price controls or production quotas destroy the feedback mechanism that generates the order in the first place.
Thanks for reading this long post! What would you add to this list?
Media Release: Labor hiding plans for another MILLION Migrants.
Labor is trying to sell Australians a migration crackdown while its own Budget forecasts nearly another million people through net overseas migration over the next four years.
One Nation leader Pauline Hanson accused Tony Burke of using political accounting tricks to look tough on immigration while cramming in even more migrants.
“Tony Burke remains the Minister for Mass Migration. Labor is trying to sell Australians a migration crackdown. But it’s just another Labor lie. Their own budget shows that they plan to bring in another million people over the next four years.”
“That’s on top of the more than 1.5 million people they have crammed in since taking office. That’s larger than the population of Adelaide.
“And given they have never hit a single migration target, even after moving the goalposts, you cannot trust this Labor government on immigration.
“Having flooded the country, they have also shown they are willing to throw regional Australia under the bus by starving them of labour and tourists in their desperate attempt to look like they are in control.
“The government would rather destroy industries in regional Australia than face the problem of unskilled arrivals and students head on.
“The Prime Minister’s $6 million golf course rort and these migration cuts say everything about Labor’s mindset. They will protect safe Labor seats and destroy the regional electorates they never expect to win. They will always look after their elite university mates over Australia’s farmers and regions.
“Australians now have a clear choice. Labor will bring in another million migrants over the next four years. One Nation will tackle mass migration head on and return the number of temporary migrants back to 2017 levels.”
I discovered that the lady who went on Australian national television the other day and said that white Australians have no culture is in fact the daughter of a Sudanese warlord who abducted and enslaved hundreds of child soldiers, dozens of whom starved to death
Human Rights Watch accused William Nyuon Bany of these horrific crimes against humanity in a September 1995 report titled ''Children in Sudan: Slaves, Street Children and Child Soldiers.''
South Sudanese Australian lawyer Nyadol Nyuon posted Instagram photos celebrating her warlord father as late ONE WEEK before Australian state broadcaster ABC selected her to speak for the pro-migration side in a national migration debate.
I can't even believe this, how is this real
Lots of people discuss immigration & crime in Europe, so I compiled what I think is ALL the data on the topic, which is hard because many countries hide it.
Do they commit more crime?
Is it because of age? Sex? Education? Poverty? Culture?
1. Sexual offenses & violent crime:
Our useless fucking prime minister and his gang of parasitical anti Australian twats Anthony Albanese Australian Labor Party, Liberal Party of Australia National Party of Australia
You clowns are collectively responsible for the managed decline of a nation that should be an absolute powerhouse.
After a cavalcade of useless corrupt anti Australian prime ministers and their cowardly gangs from Morrison Turnbull, Gillard, Rudd and whoever the fuck else selling out our natural advantage power base of natural resources and physical isolation.
Depleted our once proud military and attack our war hero’s
The destruction of our food and water security attacking our world class farmers
Carry on with net zero delusions to fuck our power bills up and destroy our national superpower
Importing a bunch of non assimilating deadshits from 3rd world bin fires to marry kids, wield machetes, rape our infidel women, and crap on about pork and bacon and beer. Assimilate of fuck off shove Sharia law up your arses.
Selling out our interests to foreign powers and bending the knee to countries that don’t put Australians first and I do t care if it’s a collapsed formerly Great Britain or the USA or China or Israel or fucking Palestinian they can all fuck off behind Australia .
You have destroyed our manufacturing to the point that we make and produce almost nothing.
ASIO now are empowered to detain and coerce Australian citizens without due cause or legal representation from the age of 14
Our education system has kids that can’t tell time and want to identify as cats while you fuckers steal $300,000 to millions of dollars for yourselves and trillions for your masters as houses becoming unaffordable and builders go broke in a housing crisis.
And you want to blame people for seeing some hope in the Ranga and her Orange machine Pauline Hanson's Please Explain
You fuckers did this and Australia has had enough a sleeping giant is awakening it’s the same silent majority that told you to shove your voice to parliament up your arse is now accepting that the ALP, LNP has sold them out and once the next step occurs and they realise the complete extent of your corruption and destruction of this great nation you guys will need those private planes to go and find somewhere new to destroy.
We will rebuild and Australia will once again become a world class A grade nation
@PaulineHansonOz 100 pro, please ensure you have the best possible security, they are the left and as we all know, violence is the next card they will play here.
The attacks from Chalmers and Albanese on One Nation have become increasingly desperate. Yesterday they crossed a line.
No matter how worried Jim and Albanese are about losing their jobs, telling Australians that their democratically elected opponents are “dangerous” and a “threat to our country” invites people to treat them as a threat.
Words have consequences.
That is how political violence is incited.
The murder of Ann Widdecombe in Britain should be warning enough about the dangers of poisonous political rhetoric.
Anthony Albanese says we need to turn down the heat and violent rhetoric in our political discourse.
Meanwhile, he and his Treasurer are pouring petrol all over it.
Australians are entitled to vote for One Nation without being told by the Treasurer and the Prime Minister that their democratic choice is a danger to the nation.
The real danger is that Jim and Albanese's incompetent economic management will continue to push your rent, your mortgage and your bills even higher.
The real danger to Jim and Albanese is that the people of Australia are coming for their government… at the ballot box.
Interesting how a few of the comments are using grok to explain and summarize, which is ironic, since the whole article is literally the blueprint, the long form process, absolutely required to properly "FDE" the firm being targeted.
You had me at - "The process is the product"
Just like Moderna 40 yr aged balsamic vinegar - no short cuts allowed here folks; so too is masterful weaving of Al into and replacing an incumbent business process.
Thanks for sharing, great read.