Ausbuy

The Rule of Law

July 18th, 2008

Life in Australia is governed by the rule of law - or is it? Before we can answer that question we must consider the purpose of laws, how they are made and how they are applied. Let us look at the various aspects as follows.

Purpose of Laws. These can be summarised as follows:

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The Right To Reply

July 9th, 2008

Ausbuy is not a political organisation but expresses views on the major issues of the day. Our readers may not agree with the views expressed. In that case they have the right to comment. Subject to the laws of libel and a natural desire to stay out of court their views will be published, even if Ausbuy does not agree with them. Our aim is to promote debate and increase understanding of complex issues which impact Australian prosperity.

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The Credit Trap

July 7th, 2008

Credit generates activity and usefully focuses saving. Remember what was said about Christopher Columbus? He didn’t know where he was going, he didn’t know where he was when he got there, and he did it on borrowed money. We must, however, remember that it is a potentially dangerous tool. Companies do not get bankrupt because they lose money. They go under because of cash flow and an inability to service or repay their debt. The world forgot this simple rule and we now have the sub-prime mortgage crisis and the credit crunch.

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