When Donald Horne wrote
The Lucky Country, the title was an ironic indictment of mediocrity. And one can point to fortunate things about the land of Oz. The rich resource base. Being settled by the British rather than by, say, the Spanish
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I am not in a position to emigrate right now, but I'm seriously considering it if it becomes possible for me. I'm not sure what good it would do for me to stay here in the US and watch my country be consumed by a hyperinflationary spiral. Australia is my top choice, for the reasons you named and because everything I learn about Australian culture charms me.
In many countries, the immigrants are being thrust upon the general population by an out of touch elite who doesn't care how much social disruption immigration is causing. Do you think Australians are actually happy to have so many new immigrants?
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While I am happy to spruik the country my family has been in since 1792, I am sceptical that hyperinflation is a serious prospect in the US: I take my cues from my favourite economic blogger, Scott Sumner. Moreover, the markets generally clearly do not think hyperinflation is a serious risk.
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There is a large stock of money, due to the amazing surge (which has apparently peaked) in money creation by the Fed, but there is also clear unused capacity in the economy. Besides, people holding on to money is not a sign they think it is going to lose value sharply.
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I am very behind on understanding the issues though.
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There are much more guilty parties for the current fiscal mess than the Clinton Administration.
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But your point that Congress is far more responsible for budgetary shenanigans than the Executive is mostly correct. Since they wrested sole control of the purse strings from Nixon while he was going down in flames, Congress has had primary responsibility for Fed.gov's financial health. Look how well that's worked out.
This is not to say that the Executive branch is blameless or powerless (LOL Obama), but Executives are able to accomplish very little without the aid and abetment of their co-conspirators on Capitol Hill.
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