Other entries featuring Bert Kelly»

by a Modest Member of Parliament, “The handout honeymoon’s nearly over,” The Australian Financial Review, February 23, 1973, p. 3.

Mark Anthony and Cleopatra were voyaging down the Nile in a galley.

At 12 o’clock the captain of the galley came down and expertly flicked a wasp off the eyebrow of one of the rowers with his whip, and said:

“Now men, I have some good news and some bad news for you. Which do you want first?”

“The good news, please captain,” they replied.

So he told them that shortly after lunch, the royal couple wanted a quiet time together, so there would be no more rowing till 4 pm.

“What is the bad news?” they asked.

“Well, then they want to go waterskiing!”

I have an uneasy feeling that it will not be long before the honeymoon is over for us and the waterskiing starts.

Since the election we have had an endless series of announcements of money being given or promised to almost everyone.

Every time a State Government complains that more money is needed, more money is found; more for Aborigines, for social services, for health, for education, for the arts — almost no one is missed out.

People must have the impression that the Government has a bottomless spring full of money.

I do not say that all the money will be wasted — although I have a healthy scepticism of the ability of Government to spend money wisely or economically. But, although a lot of the money will go to good causes, it will still have to be found.

The extra money could come from increased direct or indirect taxation.

This solution will not be popular, but more serious will be the effect of the increased taxation on the economy as a whole and on the morality of our people.

I know that Mr Crean has the fond belief that he can make everyone good by passing laws to close off the bolt holes which people have been using to escape paying their proper tax dues.

But as soon as one bolt hole is closed, some clever sod will open up another — this has been the common experience in this country and in all others.

If Mr Crean had done as much rabbiting as Fred and I, he would have a clearer picture of the problem.

And certainly increased income tax will destroy the incentive to produce, so we will have a smaller economic cake to cut up.

The recent finding of CEDA on this question is generally accepted by those who are too shiny-eyed to see clearly.

If the money isn’t to come from increased taxation, it must be obtained by creating credit, or deficit financing or by printing money — use which phrase you like, they mean the same thing in the end.

You can do a certain amount of this kind of thing with advantage, sometimes.

But in Eccles’ opinion we have had too much deficit financing in recent years with serious effects on inflation.

Now it looks as if we are to have a deficit of at least $900 million and the inflationary effect of this kind of credit creation will be serious indeed.

I know that many people think that inflation is unimportant and money is easily created, and so on. Some think that the concern about inflation is part of a capitalist plot.

But these people would surely grant that Mr Chifley was hardly a tool of capitalism. In his Budget speech in 1949 he said:

I am deeply grateful for the support that my colleagues have given me in my fight against the great danger of inflation.

I know that some of them have not readily seen the force of many of the economic theories on which I have had to act, and that they were apt to regard my ideas as fossilised. But they have stood by me.

Mr Chifley knew that inflation is dangerous to the economy as a whole but fatal to the little man — the small wage earner or the person on a small fixed income. They are the defenceless ones — they pay for inflation in the long run.

As I said, I have an uneasy feeling that the post-election honeymoon will soon be over and the waterskiing will soon begin.

This will be fun for those at the end of the rope, but damn hard work for most of us who will be doing the rowing.

(in order of appearance on Economics.org.au)
  1. Bert Kelly on Journalism
  2. Move for a body of Modest Members
  3. Modest Members Association
  4. Bert Kelly's Maiden Parliamentary Speech
  5. Government Intervention
  6. 1976 Monday Conference transcript featuring Bert Kelly
  7. Petrol for Farmers
  8. Some Sacred Cows
  9. Experiences in Parliament
  10. Spending your Money
  11. Who needs literary licence?
  12. A touch of Fred's anarchy
  13. Supply and Demand
  14. Bert Kelly on Disaster Relief
  15. Bert Kelly Wants to Secede
  16. Under Labor, is working hard foolish?
  17. An Idiot's Guide to Interventionism
  18. Bert Kelly Destroys the Side Benefits Argument for Government
  19. Bert Kelly gets his head around big-headed bird-brained politics
  20. First Modest Member (Bert Kelly) AFR Column
  21. Second Modest Member (Bert Kelly) AFR Column
  22. Third Modest Member (Bert Kelly) AFR Column
  23. Fourth Modest Member (Bert Kelly) AFR Column
  24. Fifth Modest Member (Bert Kelly) AFR Column
  25. Sixth Modest Member (Bert Kelly) AFR Column
  26. Bert Kelly on the 2011 Budget and Australia's Pathetic Journalists and Politicians
  27. Bert Kelly, Bastard or Simple Sod?
  28. Liberal Backbencher Hits Govt. Over Import Restrictions
  29. Bert Kelly feels a dam coming on at each election
  30. Bert Kelly Enters Parliament
  31. Why take in one another's washing?
  32. Bert Kelly breaks the law, disrespects government and enjoys it
  33. Gillard's galley-powered waterskiing
  34. Can price control really work?
  35. Should we put up with socialism?
  36. We're quick to get sick of socialism
  37. Time the protection racket ended
  38. Can't pull the wool over Farmer Fred
  39. People not Politics
  40. Bert Kelly admits he should have had less faith in politicians
  41. Labor: a girl who couldn't say no
  42. Why leading businessmen carry black briefcases
  43. Ludwig von Mises on page 3 of AFR
  44. Mavis wants the Modest Member to dedicate his book to her
  45. Time to Butcher "Aussie Beef"
  46. Bert Kelly reviews The War Diaries of Weary Dunlop
  47. Bert Kelly reviews We Were There
  48. Tariffs get the fork-tongue treatment
  49. Bert Kelly reduces government to its absurdities
  50. Politician sacrifices his ... honesty
  51. It's all a matter of principle
  52. Bert Kelly Destroys the Infant Industry Argument
  53. Bert Kelly Untangles Tariff Torment
  54. Bert Kelly resorts to prayer
  55. Eccles keeps our nose hard down on the tariff grindstone
  56. "Don't you believe in protecting us against imports from cheap labour countries?"
  57. Even if lucky, we needn't be stupid
  58. Great "freedom of choice" mystery
  59. Small government's growth problem
  60. Tariffs Introduced
  61. More About Tariffs
  62. Sacred cow kicker into print
  63. Modest Member must not give up
  64. Traditional Wheat Farming is Our Birthright and Heritage and Must be Protected!
  65. Bert Kelly brilliantly defends "theoretical academics"
  66. The Society of Modest Members
  67. John Hyde's illogical, soft, complicated, unfocussed and unsuccessful attempt to communicate why he defends markets
  68. Modesty ablaze
  69. Case for ministers staying home
  70. The unusual self-evident simplicity of the Modest Members Society
  71. Animal lib the new scourge of the bush
  72. The Association for the Prevention of Cruelty to Krill
  73. Repeal economic laws, force people to buy new cars and enforce tariffs against overseas tennis players
  74. Thoughts on how to kill dinosaurs
  75. Let's try the chill winds
  76. Taking the Right's road
  77. Bert Kelly: "I did not try often or hard enough"
  78. Bert Kelly "lacked ... guts and wisdom"
  79. A look at life without tariffs
  80. The Gospel according to Bert
  81. Tiny note on Bert Kelly's column in The Bulletin in 1985
  82. Why costs can't be guaranteed
  83. Hitting out with a halo
  84. Paying farmers not to grow crops will save on subsidies, revenge tariffs, etc
  85. "The Modest Farmer joins us" | "How The Modest Farmer came to be"
  86. Bert Kelly Destroys the Freeloading Justifies Government Argument
  87. Government Intervention
    vs
    Government Interference
  88. Bigger Cake = Bigger Slices
  89. Bert Kelly on the Political Process
  90. Charabanc: Part 1
  91. Charabanc: Part 2
  92. Charabanc: Part 3
  93. Relationships with the Liberal Party
  94. Tariffs = High Prices + World War
  95. Bert Kelly's Family History
  96. Bert Kelly's Pre-Parliament Life
  97. Why Bert Kelly was not even more publicly outspoken
  98. WEATHER IS USUALLY UNUSUAL
  99. How to stand aside when it's time to be counted
  100. How the Modest Member went back to being a Modest Farmer
  101. My pearls of wisdom were dull beyond belief
  102. Bert Kelly on Political Football
  103. Ross Gittins Wins Bert Kelly Award
  104. Interesting 1964 Bert Kelly speech: he says he is not a free trader and that he supports protection!
  105. This is the wall the Right built
  106. Has Santa socked it to car makers?
  107. Is the Budget a cargo cult?
  108. Will we end up subsidising one another?
  109. Do we want our money to fly?
  110. Can a bear be sure of a feed?
  111. How to impress your MP -
    ambush him
  112. The time for being nice to our MPs has gone ...
  113. Don't feel sorry for him -
    hang on to his ear
  114. Trade wars can easily end up on a battlefield
  115. Tariffs Create Unemployment
  116. Bert Kelly recommends Ayn Rand
  117. Bert Kelly's Satirical Prophecy: Minister for Meteorology (tick) and High Protectionist Policies to Result in War Yet Again (?)
  118. Bert Kelly in 1972 on Foreign Ownership of Australian Farmland and Warren Truss, Barnaby Joyce and Bill Heffernan in 2012
  119. Parliament a place for pragmatists
  120. Of Sugar Wells and Think-Tanks
  121. Bert Kelly: "I must take some of the blame"
  122. A Modest Farmer looks at the Problems of Structural Change
  123. Government Fails Spectacularly
  124. Know your proper place if you want the quiet life
  125. Bert Kelly on political speech writers
  126. Perish the thawed!
  127. Modest Farmer sees his ideas take hold
  128. Max Newton: Maverick in Exile
  129. Why no-one nails the Big Green Lie
  130. A case for ministerial inertia
  131. Why politicians don't like the truth
  132. Ominous dark clouds are gathering
  133. Better to be popular than right
  134. Crying in the wilderness
  135. Ivory tower needs thumping
  136. Bert Kelly asks, "How can you believe in free enterprise and government intervention at the same time?"
  137. Rural Problems
  138. Unholy state of taxation
  139. Boring economics worth a smile
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