Category: Uncategorized

LibertyWorks analysed New York City’s Coronavirus data and came to a startling conclusion

๐Ÿ…‘๐Ÿ…ก๐Ÿ…”๐Ÿ…๐Ÿ…š๐Ÿ…˜๐Ÿ…๐Ÿ…– – ๐—–๐—ข๐—ฉ๐—œ๐——-๐Ÿญ๐Ÿต ๐—ณ๐—ฎ๐˜๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ฟ๐—ฎ๐˜๐—ฒ ๐—ถ๐˜€ ๐—ฎ๐—น๐—บ๐—ผ๐˜€๐˜ ๐—ฐ๐—ฒ๐—ฟ๐˜๐—ฎ๐—ถ๐—ป๐—น๐˜† ๐˜€๐—ถ๐—บ๐—ถ๐—น๐—ฎ๐—ฟ ๐˜๐—ผ ๐—ฏ๐—ฎ๐—ฑ ๐—ณ๐—น๐˜‚.

A random sampling of 7,500 New York City residents has provided the quality antibody data previously missing from Case Fatality Rate calculations. It indicates the virus has already infected approximately 25% of NYC’s 8.4M population of which around 12,400 people have died (so far).ย 

๐—ง๐—ต๐—ฎ๐˜ ๐—ถ๐—ป๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฎ Infection ๐—™๐—ฎ๐˜๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—ผ๐—ณ ๐—ฐ๐—ถ๐—ฟ๐—ฐ๐—ฎ ๐Ÿฌ.๐Ÿฒ%, ๐—ฎ ๐—ณ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—ผ๐—ณ ๐˜๐—ต๐—ฎ๐˜ ๐—ฐ๐—ถ๐˜๐—ฒ๐—ฑ ๐˜๐—ผ ๐—ท๐˜‚๐˜€๐˜๐—ถ๐—ณ๐˜† ๐˜๐—ต๐—ฒ ๐—น๐—ผ๐—ฐ๐—ธ๐—ฑ๐—ผ๐˜„๐—ป๐˜€.

No question this virus is serious and there is no vaccine, but an IFR of 0.6% is a fraction of what was claimed and of what is (at time of writing) stated on the World Health Organisation’s own website. The sample data will have a margin of error, so will the antibody test kits and there is likely some selection bias. Despite these issues, the conclusion is still clear; the virus is nowhere near as dangerous

Read the rest
Read more

A public register of child sex offenders is a really bad idea

In what would only amount to a win for big government, the
recent public register of sex offenders, proposed by Peter Dutton earlier
this week
, is a truly terrible idea for several reasons. However,
it should come as no surprise that Mr Big Government himself seems either not
to know about the research showing a public register doesnโ€™t
work
, or far more likely,
he just doesnโ€™t care. In addition, the Law Council of Australia publicly
condemned
the 36-hour time fame
for initial feedback on the proposal, calling it โ€œabsurdโ€ and โ€œan affront to
all victims of sexual abuseโ€.

The optimist in me wants to believe that the short
turnaround is in the interest of passing much needed legislation, but with a
lack of evidence to support the use of a public register, it is likely yet
another move by the federal government to introduce legislation that is neither… Read the rest

Read more

Jobs Guarantee: a guaranteed failure?

US economist Stephanie Kelton, a former adviser to Bernie Sanders, has just embarked on a tour of Australia. Kelton is promoting her vision  of government funded jobs to deal with unemployment and underemployment in Australia: a government Job Guarantee. While the idea sounds nice, a government guarantee is nothing but a guaranteed failure.

The economic rationale for this proposal is the idea known as Modern Monetary Theory (MMT), which  began gaining popularity in the early 90s, evolving from existing theories developed by economist Georg Friedrich Knapp in the early 20th century. The theory proposes that taxation does not fund government spending and is merely a policy tool to control inflation and unemployment. The same thinking applies to government spending being a policy tool. Further, MMT proposes that when a sovereign nation establishes its currency as fiat money and is the sole supplier, the government commands an unlimited ability to Read the rest

Read more

The liberation of the Chinese woman

How the free market freed women and entrepreneurs in Hong Kong.

The visitor to Hong Kong today sees a bustling hive of energy where even the New Yorker is a slowpoke. Itโ€™s a place where people of all races and cultures live and work in harmony. Itโ€™s also a place where, long before the change of sovereignty from Britain to China in 1997, the gweilos [โ€œlong-nosed barbariansโ€] were being displaced in all spheres of human action by locals. [Under British rule, only the government lagged behind โ€” only there could the criterion of race override the criterion of ability.]

Hong Kong is one of the most successful multi-racial societies in the world. But this is a relatively recent development.

The major difference between Hong Kong and other peaceful multi-racial/multi-ethnic societies like Australia (and the US) is that in Australia minorities, over time, lose their separate tribal identities and become members … Read the rest

Read more

Libertarians and the culture war

Libertarianism can be summed up in the motto โ€˜live and let liveโ€™. Libertarianism is about freedom to live according your own preferences and principles, and respecting the equal rights of others live according to theirs. Libertarians reject much or all of the state for breaching that core concept โ€“ we rightly see that the state is often used as a vehicle for one group of people forcing their preferences onto others, when those disagreements should be resolved outside of the coercive power of the state. Disagreement is to be resolved by debate and discussion, not through sending armed agents of the state to shut you down, and if we cannot agree then we agree to disagree and go our separate ways. One of the core strengths of the wide and deep civil society arrangement that libertarians favour is that there is a place for everyone, and people who fundamentally disagree

Read the rest
Read more

We Need To Take “Privilege” Out Of Our Public Policy Discourse

Writer Benjamin Law used the final Q&A for the year to claim discussion around 18C was just our privileged class claiming to be censored.

Among the chattering class, there is a prevailing belief that they are on the side of the disadvantaged and against entrenched privilege. A cursory glance of the major events of 2016 would tell you that that is no longer true. Nor can it be said that defence against 18C is a defence against the privileged.

The argument that 18C is needed to give power to the powerless has been blown out of the water with the QUT case. It saw a court case seven QUT students for comments they made on a Facebook forum about being kicked out of an indigenous only computer lab.

Four of the students settled out of court, but the three students โ€” Alex Wood, Callum Thwaites and Jackson Powell โ€” were Read the rest

Read more