It was great to discover at last Wednesday’s Christmas drinks at Treasury (in Canberra) a number of “oldies” who said they were enjoying my Commentary and in particular the scepticism about the dangerous warming nonsense. While I resigned from Treasury in 1987 I later hoped that, with the danger thesis becoming more widely reflected in government policy both here and overseas, Treasury would publish analyses as John Stone and others had done on various controversial economic subjects during my time there. In fact, I edited a couple including one on the New International Economic Order(NIEO), which had an aim similar to one adopted by believers in the dangerous warming theme viz “save” developing countries by providing squillions of aid which would allow them to substitute costly fuel sources for cheaper fossil fuels.
What with the likely winners of both the women’s and men’s Australian tennis being Swiss and the address by Trump at Davos, the Swiss are in the News. Once again Trump found a phrase which helped rebut the criticism of his “America First” statement by adding “but not America alone” and, with China in mind, emphasising the need for “fair” trade as well as “free” . Separately, it is reported that Trump approved increased duties affecting about $US10bn of imports but it is not clear whether this was “justified” on a fair trade assertion. An article in The Economist, republished in yesterday’s The Australian, says that the actions were “broadly in line with the steer from the US International Trade Commission” and were weaker than sought.
It appears that the protests in Iran have virtually ceased following deaths and many arrests by the Revolutionary Guard. However, according to a Reuters report Supreme Leader Khamenei still felt it necessary to make a public statement that “citizens had a right to air legitimate concerns, a rare concession by a leader who usually voices clear support for security crackdowns.These concerns must be addressed. We must listen, we must hear. We must provide answers within our means", Mr Khamenei was quoted as saying, hinting that not only the government of Rouhani, but his own clerical leadership must also respond”. "I'm not saying that they must follow up. I am also responsible. All ofus must follow up" (see attached Khamenie Statement 10 Jan).