A lot of my friends have posted in favour of the demonstrations held across Australia yesterday on the issue of aboriginal deaths in custody. But I think the demonstrations were irresponsible. Hopefully, we are not “in the middle of a pandemic” as some commentators have stated. With no new cases over the last few days, […]
Monetisation of Public Debt
The public debt of a government that can issue its own currency is the amount the government has spent into the economy which has not yet been taxed back. If you were the government of the only village in the world, and you had the only money printing machine in the village, why would you […]
El Salto de Fe
En su libro ‘God’ Reza Aslan, él mismo un creyente, afirma que la creencia religiosa necesariamente requiere un ‘salto de fe’. Él dice que cualquier creyente que te diga lo contrario probablemente está en el proceso de tratar de convertirte. Aunque es un creyente, Aslan no es un Evangelista. Aslan comienza su libro discutiendo teorías […]
A new narrative around Federal Government Debt
Labor’s current national platform provides: “Labor will deliver sound public finances by adhering to a fiscal strategy that achieves a balanced budget on average over the economic cycle… Achieving a balanced budget is not an end in itself, but it is an appropriate medium-term objective, as part of sound fiscal policy and economic management which […]
‘The Deficit Myth’- the next best seller on economics?
In 2013 French economist Thomas Piketty’s book ‘Capital in the Twenty-First Century’ was released and became a best seller. On May 18, 2014, the English edition reached number one on The New York Times Best Seller list for best selling hardcover nonfiction and became the greatest sales success ever of academic publisher Harvard University Press. As of […]
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