Past and present federal treasurers voluntarily shackle themselves in the imaginary debt dungeon. We'd be happy to let them rot there, except they force the rest of us to suffer the real consequences of their flagellating fantasies. And so the current Australian Labor government refuses to spend enough to create the jobs that would lift all people out of poverty.
How shall we free ourselves? Perhaps we could follow the example of lifelong "student" of economics, Wayne McMillan, who recounts his journey through the thickets of mainstream (orthodox) to a more enlightened (heterodox) understanding of the economy.
Modern Monetary Theory: Snake Oil or Showing how to Fund a Good Society?
An Evening with Wayne McMillan, Economic Reform Australia, and Frank Stilwell, Political Economy, University of Sydney
Oct 19, 2021
Radical economics: The Political Economy dispute at Sydney University
by ABC RN, 1 Sep 2013
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