Kleenmaid Bankrupt

Kleenmaid is (was) an Australian whitegoods manufacturer. I have owned a few of their products over the years, and found them to be well-designed and well-made. Creditors including the Westpac bank (the same bank that mistakenly deposited $10 million in a NZ customer’s account), voted this morning to wind up the company, which has nearly …

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Stephen Long Doesn’t Know What Puerile Means

Otherwise this is a pretty good article about the problems with economics predictions, and the difficulty of developing policy on the basis of those predictions. Stephen seems to think puerile means pointless, because there can never be any definitive answers. But it doesn’t. Puerile means childish, immature, trivial. Debate about economic policy is certainly not that. Even …

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