How the RBA is Deliberately Crushing the Little Guy
Okay, lots happening behind the scenes, so apologies for the lack of posting, but here’s an article to make up for it. The Reserve Bank of Australia (RBA) raised interest rates again this week, claiming the move is necessary to keep inflation low and stable. But according to proponents of…
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Darren Quinn: A Personal Story
How I came to the Modern Money view. How I came to the Modern Money view. I wrote this roughly three years ago – three years in October. I am a 40 year old white male that has slipped through the cracks due to my lack of knowledge and support over the years. I have had…
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Keen/Mosler Follow-Up
Eric Tymoigne outlines the potential pitfalls of when dealing with foreign transactions, the external economy but notes there are workarounds. See the image below taken from the Levy Institute. Mitchell, W. F. 2000. “The Job Guarantee in a small open economy.” In E. Carlson and W.F. Mitchell (eds.), The Path…
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Reconciling Keen and Mosler
The US Real Progressives had a friendly debate between Steve Keen and Warren Mosler in 2018 on monetary transactions in trade surplus and current account surplus economies. You can see this in the first 10 minutes of this video. You can stop when Steve Keen says “Oh C’mon!” if you…
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Ailing Albanese
“If we are fortunate enough to form government, we will form government at a time when debt is heading towards $1 trillion, whereby you can’t repair all of the damage or do everything that you want to do immediately. “You will be fiscally responsible, and one of the things I…
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Australian Real Progressives 