Ignorance is bliss

OK, some brainless vandal smashed my car window .. why ? To rifle through the glove box and then take NOTHING ... not the stereo, not the e-tag, they even left my sunnies. I suspect they were looking for a GPS unit, they seem all the rage for thieves these days .. from now on I'm gonna park my car with the glove and console boxes OPEN .. so they can see I don't have one.

I keep hearing from Malcolm Turnbull about how labor shouldn't say that interests rates will probably continue to rise - beacuse he thinks it's like a self-fulfilling prophecy. Don't mention the elephant Malcolm !! Just keep us all in the dark and feed us B.S. - yeah the libs had that down to a fine art. God save us from people who withold information for our own sake ! As they say the road to hell is paved with the best of intentions. It's all rather orwellian. But I'd rather be warned if I'm about to step into a hole before I fall into it, thanks very much. It's a bit like Jack Nicholson's character - 'You can't handle the truth' !! I say, Yes we can. To be forewarned is to be fore-armed

One other thing about interest rates .. In the economy (as well as many other things) there is a phenomenon called 'hysterisis'. I heard someone say 'See ? I told you interest rates would rise under labor!' When I mentioned hysterisis their eyes glazed over and they faded out (Or rather I should say their ONE eye faded out). Hysterisis is defined as 'The lagging of an effect behind it's cause..' Put your foot on the brake and there is a definite delay between pressure on the pedal on the car slowing down - same thing in the economy but the delay is months or even years rather than the milliseconds with the brake pedal example. My point is the current interest rates are an effect of the Liberal coalition policies, not Labor's ! Give them a chance, they've only just got into power! I don't want to go into lengthy explanations of how interest rates are a blunt tool used to control inflation and growth (not my field anyway) but I do want to say let's gave Labor a year or two before judgeing their handling of the economy.

Lastly, Shaun Macellef (sp??) made the very good point .. if no currency is based on the gold standard anymore but only judge their value in relation to other currencies, doesn't that mean that all currencies are ultimately worthless ? - absolutely true. The whole world of economics seems to me to be a house of straw built on shifting sand, and that's a worrying thought.

But .. Let's not tell the people that one eh Malcolm ? As George Orwell once said, Ignorance is bliss.