How about a budget analysis without a 'Spurt in sight?
Yes we had a federal budget this week. And yes it was in the context of recalibrating a budget that was formulated by the opposition just before it lost the election. So this is the budget that gives the new government its baseline; a budget to match its immediate policy changes. Anne and Kev do their due diligence with MMT-advocate Avis Williamson, to look at what this budget says about the Labor government's policies.
We also ask, what is an advocate of Modern Monetary Theory (MMT) to think, when a review of Australia's central bank assumes the bank's failure to manage inflation has something to do with the RBA's personnel, rather than the defunct economic theories that presume a central bank has the capacity to fine tune inflation.
Anyone can make a submission to the review of the RBA (Reserve Bank of Australia). They might need to hear that it is ok for them to abandon the discredited neoclassical, neo-Keynesian economic theories about monetary policy, and embrace theories that would actually enable them to contribute to the wellbeing of Australians.
One in Ten by UB40
St. Germain by Alice Ivy