Jeff Baker
@JetFBaker
Say it with me and you will feel better “The Federal Govts budget is NOT like a household budget” …. keep saying it.
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Like Port Arthur and the Lindt cafe? The only difference is that the ALP acted in a bipartisan way during these crises, not like the morally corrupt LNP who look for political point scoring at all times. Bad people, we see you.
“Printing money” Is a term that dates back to the gold standard. Not applicable to a fiat currency. Merry Xmas!
I don’t mind answering questions on MMT no matter how silly ppl may think they are but a lot of the replies here are “printing money” panic that shows not even the basic MMT texts have been read.
1/the UK can never go bankrupt in its own currency 2/the debt are the private sector net savings. 3/The debt doesn’t fuel inflation, the interest paid on it can, but that is a policy choice. 4/To run a country as if it were a business would be incredibly destructive.
A good starting point is theconversation.com/what-is-modern… Or Stephanie Kelton’s “deficit myth” of you have more time.
Preferred Liberal leader (One Nation voters) 🟦 DON'T KNOW: 43% 🟦 Andrew Hastie: 26% 🟦 Sussan Ley: 12% 🟦 Angus Taylor: 9% 🟦 Ted O'Brien: 5% 🟦 Tim Wilson: 5% Newspoll | 17-20 Nov
The right wing libs never wanted Ley. And now by backing down on net zero she’s losing the moderate liberals. Without them she’s gone. Did she learn nothing from Turnbull?
I’m going to do your trick and quote you and claim that it supports my point and that you’re too dumb to understand. Which you have accepted.
Just because media and politicians scream holy hell at any short term effects. War is a horrible allocation of capital.
Unemployment is a sign that either taxes are too high or govt spending is too low. It’s that simple.
There is no such thing as genuinely free trade. Markets need a legislative framework to survive. There are always rules. It just depends who sets the rules and in whose interests those rules are set.
Economists for decades: Results proving free trade aren't novel, we have known that since 1776. Rather, we will train generations of graduate students entirely in identifying exceptions to free trade based upon the assumption that if politicians are platonic philosopher kings,…
This will be another foot in mouth moment for Mathew! Seems a disgruntled ex Liberal never learns from failures! He thinks ignoring Climate change is a vote winner! And he thinks Joyce the person who shagged a junior staffer & was found drunk is a good person!
Climate change risks inflation through supply-side shocks. Central banks are not equipped to carry out climate change policy because they are not equipped to address supply-side shocks.
Nobody can be well-informed about the drivers of inflation without understanding Post-Keynesian price theory, & once you understand it you will know modern central banks are not well-equipped to manage inflationary pressures. The suggestion that they are will appear absurd.
I was a mainstream economist for many years. I understand the reaction MMT evokes in such people, as it triggered the same reaction in me. It is then a question of whether you are prepared to question things you have taken for granted, and admit to yourself they are simply wrong.
A message from this combined rabble. So out of touch.
It’s almost guaranteed that every right-wing cooker that feels the urge to make some moronic comment has the Australian flag in their handle. It’s sad. 😔
Conservatives once again scared of the Boogeyman they invented in their own heads 😂😂😂
1) Rich-country governments can't be forced into insolvency or austerity, except via artificial and self-imposed rules backed by ignorance. 2) Any 'nasty bout of inflation' in the near future will be rooted in climate change, war or pandemic (or a mix) - not government debts.
Economist magazine NONSENSE! 'This week we publish “Governments going broke”, an in-depth look at the looming threat posed by rich countries’ mounting debts. It is written by our economics editor, Henry Curr. He warns that the world could end up with a nasty bout of inflation.'
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