Private debt in Australia has escalated beyond the $2 Trillion mark shooting past Australia’s GDP of $1.6 Trillion by 123%. Housing affordability is reaching crisis levels driven beyond the budgets of many Australians, by negative gearing and capital gains concessions. In fact, we have just bypassed Denmark (the previous first placeholder) to hold the prize for […]
Sovereign economics, National budgets and the ne0-liberal misrepresentation of economic issues in the face of more accurate economic and nuanced modeling represented by MMT.
Scott Morrison the magician, illusionist extraordinaire, has made all Australia’s failing job & economic growth problems vanish in a puff of smoke and mirrors (with apologies to John Passant for stealing his phrase). He has created a grand facade of jobs springing miraculously from the presumption of Australia’s economically fertile soil. Drought resistant and immune […]
The intergenerational report (IGR) produced by the government is another fraud like the “Budget Emergency” (which they seem far less panicked about since they doubled the deficit – which if you have read the main page you will realise means little). The prospect of not achieving a surplus is merely because their ideology prevents it, […]