{"id":4107,"date":"2012-04-18T21:49:16","date_gmt":"2012-04-19T01:49:16","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4107"},"modified":"2012-04-18T21:49:16","modified_gmt":"2012-04-19T01:49:16","slug":"end-of-the-age-of-entitlement-joe-hockey","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/18\/end-of-the-age-of-entitlement-joe-hockey\/","title":{"rendered":"End of the Age of Entitlement | Joe Hockey"},"content":{"rendered":"

<\/strong>THE END OF THE AGE OF ENTITLEMENT<\/strong><\/p>\n

JOE HOCKEY’S SPEECH TO THE INSTITUTE OF ECONOMIC AFFAIRS, LONDON<\/p>\n

…Let me put it to you this way: The Age of Entitlement is over.<\/p>\n

We should not take this as cause for despair. It is our market based economies which have forced this change on unwilling participants.<\/p>\n

What we have seen is that the market is mandating policy changes that common sense and years of lectures from small government advocates have failed to achieve.<\/p>\n

via The Age of Entitlement | Institute of Economic Affairs<\/a>.<\/p>\n

Hat tip to Houses and Holes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

THE END OF THE AGE OF ENTITLEMENT JOE HOCKEY’S SPEECH TO THE INSTITUTE OF ECONOMIC AFFAIRS, LONDON …Let me put it to you this way: The Age of Entitlement is over. We should not take this as cause for despair. It is our market based economies which have forced this change on unwilling participants. What … <\/p>\n

Continue reading “End of the Age of Entitlement | Joe Hockey”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,29],"tags":[428,1250,3151],"class_list":["post-4107","post","type-post","status-publish","format-standard","hentry","category-economy","category-the-big-picture","tag-big-government","tag-entitlement","tag-small-government"],"yoast_head":"\nEnd of the Age of Entitlement | Joe Hockey - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"End of the Age of Entitlement | Joe Hockey - the patient investor\" \/>\n<meta property=\"og:description\" content=\"THE END OF THE AGE OF ENTITLEMENT JOE HOCKEY’S SPEECH TO THE INSTITUTE OF ECONOMIC AFFAIRS, LONDON …Let me put it to you this way: The Age of Entitlement is over. We should not take this as cause for despair. It is our market based economies which have forced this change on unwilling participants. 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Those are big numbers \u2014 but if you add up the amount of\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37279,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/09\/10\/us-debt-is-crowding-out-growth\/","url_meta":{"origin":4107,"position":2},"title":"US debt is crowding out growth","author":"Colin Twiggs","date":"September 10, 2022","format":false,"excerpt":"No. The US is not bankrupt but it has a major problem. https:\/\/youtu.be\/CFFfi0uAYkM The 13-minute video by Eric Basmajian explains how growing US government borrowing, fueled by rising entitlement spending, is crowding out private investment. 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What's needed is simply for both parties to accept that neither is likely to be in full command of the government\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6836,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/02\/matt-busigin-on-peak-capitalism-business-insider\/","url_meta":{"origin":4107,"position":4},"title":"Matt Busigin On Peak Capitalism | Business Insider","author":"Colin Twiggs","date":"March 2, 2013","format":false,"excerpt":"Joe Weisenthal presents the following two charts to illustrate how government is coping with falling manufacturing wages: You've probably seen this chart many times, which shows wages declining as a percent of GDP over the last few decades. But things look a tad different when you look at wages PLUS\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5628,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/01\/david-murray-australian-government-spending-on-alarming-trajectory\/","url_meta":{"origin":4107,"position":5},"title":"David Murray: Australian government spending on alarming trajectory","author":"Colin Twiggs","date":"October 1, 2012","format":false,"excerpt":"David Murray, former Chairman of the Future Fund and former CEO of the Commonwealth Bank warns growing debt-funded entitlement could end with a Europe-style debt crisis. http:\/\/youtu.be\/g1wxwSDzNRs Hat tip to Unconventional Economist at Macrobusiness.com.au","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/g1wxwSDzNRs\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4107"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4107\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}