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William Bennett
Attends Queensland University of Technology
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William Bennett

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That tackle from Robinson
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'Ken oath. Stellar
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William Bennett

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Best winning reaction ever
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William Bennett

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As a libertarian leaning person, I cannot understand how so called libertarians think it is appropriate for a government to stop gay marriage as long as it is done at a state level. Just because the decision is more localised does not make it any less an infringement on personal liberty. 
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+William Bennett Of course I don't mean gays should have a separate church (although the idea of a proud gay marrying in a church is beyond me) or that they should be segregated I anyway besides their opinion on this specific issue. Also I would bring up the fact of the importance of the institution of marriage, and how no, of course gays getting married isn't going to stop straights from doing so, but how fundamentally changing the nature of marriage (divorce, gay marriage) ruins lives of families and children. The left's agenda on this is really more sinister than just getting the gay's their rights, it's about the strength and personal responsibility of a family they don't like, it's the independence from the government and the raising of children without lib brainwashing they want to change, teach kids marriage doesn't matter, not who it's with, not how long it lasts, not the kids adopted or birthed you neglect after divorce. Just sleep with as many people before, during and after as you can and you'll be happy in life.
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William Bennett

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Please find a new driver who trusts reed or at least has some balls. 
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The implied warning in that last speech would be one well headed by your current crop of politicians. It is a pity this mans life was cut short. 
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Brilliant thought from Schiff, don't look at the profits, look at where they are coming from. Back then it was over leveraged consumers, now its the companies themselves that are over leveraged along with everyone else. 
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William Bennett

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All hail Donger!
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William Bennett

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Very balanced video
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I love how this twat says at the start that the problem is conflating Islamic doctrine or violence with all Muslims, and yet when Sam says that at the moment Islam is the mother load of bad ideas he criticises Sam for attacking Muslims as people. Whose conflating what here? Typical liberal not noticing his own double standards. 
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Is Art Laffer actually serious with the shit he spouts? Schiff's comment that he should watch his own clip was brilliant. 
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Forbes had an article recently ridiculing Laffer and they talked about this segment. It really is damning piece of evidence against his crediblity.
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William Bennett

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The problem with money printing of the sort being undertaken isn't that consumer prices are going to be effected in the short term, its that it does nothing to help the economy recover, but when the economy does recover you are going to have so much money floating around that you either get enormous inflation or you get much higher interest rates. There is no way around this, in the long term you simply must either get inflation or have higher interest rates to counter rising prices, basic logic proves this. The reason you don't get short term inflation is because the money remains invested in low yielding instruments made available by the enormous government debts. As soon as the economy starts doing any good that money will find its way into the actual economy, but also everyone will struggle with their debt loads and then boom you have high inflation very quickly and also a debt implosion once again.

Its like the minimum wage debate, people against it say that it costs jobs and the people for it point to the studies which show no immediate short term job losses. The people against the minimum wage need to understand that in the short term it does have largely no effect, and focus on its long term effects. Why doesn't it have much short term effect?

Well, businesses are typically run as efficiently as possible. This means you have the least amount of labour for the output you can make. Increasing wages slightly might make your marginal product lower and decrease your equilibrium output, but only slightly and so typically it is going to be best to absorb the costs and maintain output. Also, most bosses would rather not sack people, and so employers tend to not replace people who leave rather than forcing people to leave. This is a more long term process, and so doesn't show up in short term studies.

Minimum wages also further increase the incentive for a business to replace labour with capital (ie technology). This is just common sense, if you make labour more expensive then you make technology relatively cheaper, which is going to cost long jobs. So why don't we see short term job cuts? Simple, again common sense tells you that it takes time to implement and develop technology that can replace these unskilled workers.

So basically, Peter, you would be better of if you stopped talking about the short term inflation which just really isn't there to any extent that might be deemed worrying, and focusing on the long term effects which are much more scary. It is just basic common sense that if you make more money available and that money does nothing to improve output then you increase prices in the long run. The only way out of that is to reduce the monetary supply by upping rates which as we all know the world simply cannot handle the way it is structured now.

I think Peter has perhaps rightly lost credibility for his talk of inflation being high now. The message that inflation is actually the increase in the money supply and that this will cause problems eventually (or rather, its causing the problem now, we just wont get the side effects until later) is obviously correct, but you open it up to attack by coupling it with the claim that inflation is extreme currently, which is just isn't. 
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William Bennett

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I'm on your side, but your not. Best thing ever said. 
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In his circles
58 people
Education
  • Queensland University of Technology
    Business Degree - Finance, 2013 - present
  • Griffith University
    Photonics & Nanoscience, 2011 - 2012
  • Wellington Point SHS
    High School, 2006 - 2010
  • Coolnwynpin SS
    Primary School, 1999 - 2005
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I work at Fresh Sensations and study at QUT Garden's Point, doing a business finance major.
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William Bennett's +1's are the things they like, agree with, or want to recommend.
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