Rudd Crashing The Australian Economy

Chris Leithner, Director of Leithner & Company, a private investment company in Australia is interviewed on 612 ABC radio with Steve Austin. 8th of December, 2008. www.leithner.com.au

To find out more about Austrian Economics and how followers of the school, were able to forecast the failure of the Brenton Woods system & the current financial crisis. Please visit:

www.mises.org

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[LibertyAustralia]

It's probably important to note; whilst Mr Rudd, Swan and the Labor party are economically ignorant. So are the Liberal Party. There is no difference. 'They are all Keynesian now'.

Reject the status quo.

[portantwas]

Rudd is thinking so short term - I can't believe another payment is due to come out after the one in December (which a lot of people didn't get anyway). It is screwy. Once its spent then what? Another one? Why not just have some people pay no tax at all, say the number you need to get your re-elected?

[edmack4me]

Keynesian is exclusively taught at schools and university because it does hand and hand with central bank manipulation. Austrian economics is NEVER even mentioned in our educational institutions and we call this education. IT IS INDOCTRINATION PURE & SIMPLE.

[fireupgoku]

@portantwas For thinking so short term Rudd sure called the crash! If my research is correct he said the crash would happen in the year 2000. Thats not really short term. he looks to the future.

[Gantzer1]

i fully agree peter schiff the man tellin all the grown in the world their aint no santa claus

[mickeykozzi]

most of you people do not hold an economics degree...enough said;)

[Fallen0paper]

Problem with saving is nobody buys. nothing is paid back, the goverment will still try to ply the money from our cold dead hands, like making us pay $100 for bloodtests. It isn't about saving it's about greed, it's about our culture and the fact we let these corportions take our money and we get nothing back except debt! talk about push overs

[Deathridesahorse2]

Anarchy is the only way to deal with Governments giving your hard earned to those companies that have become too big to fail! (Unless, of course, you support it!)

[mlndstream]

spend it on precious metals...hedge against inflation of pumping too much cash into society, the coins are minted here and the metals probably came from Australian mines too? and the premium on the bars and coins goes to Perth Mint for instance with taxes going to govt, the Australian retail bullion dealers get a cut etc.., so your investing and spending all at once and if US dollar tanks(Amero is coming anyway) then you hit the jackpot sooner than you expected :) and we're all happy

[Easydollars]

Australia was lost during the 70s. The fight was on then to stop big business taking over the country. After that came along deregulation of the bank. Why is the Australian dollar always hanging around 65 U.S. Cents. So Overseas countries can buy us out. Now they wanna shut us up.

[edmack4me]

Australians don't even want to go to Europe. At present it is the best life in Australia.

[billsaintkilda]

I don't know anyone who wants to move to America - not in Australia or Europe anyway.

[jaheira2016]

Im learning about other countries economy and we all know america has the worst, i see it, i talked to a lot of american for a few months, i looked up other countries etc. to see what other places i can trust...better... but why the hell does people still want to move to america? oh yeah, i forget the "american dream" its a dream cause all the spoiling and wasting, and its hard for me too since im dating a american that is in the ariforce, hes coming up here in the summer ^_^ Knowledge IS power.