Today's cracker from Prof Bill Mitchell - A cracker from Prof Bill Mitchell today - 'The data shows that between 1953-54 to 2022-2023, the Australian Federal Government ran deficits for 52 of the 74 years or 74 per cent of the time.'. Gee I wonder - did the sky fall in?.

RT @StephanieKelton: “[T]he Richmond Fed president extracted an uncomfortably honest answer…. ‘You can probably appreciate this from your M….

RT @StephanieKelton: Richmond Fed president asks business leaders about Trump’s tariffs and learns that firms are “raising prices not becau….

RT @DavidMcNab17: “The public finances do not add up”. Public finances haven’t added up for 400 years. How much longer are we going to h….

RT @LizGlab: Neoclassical economics as an academic discipline is much more like an organized religion, with the unfortunate drawback that i….

RT @StevenHailAus: Warren Mosler once said that a lack of understanding of the monetary system is the worst enemy of the progressive agenda….

RT @StevenHailAus: I see a couple of Aussie journalists today worrying the US govt might be unable to repay its debts. Firstly, that is not….

RT @noplaceforsheep: It’s worrying that privatisation of childcare is being so conflated with #csa. Child care should not be privatised.….

RT @IrisDuane: The problem with privatisation is that you eventually run out of public things to sell.

RT @malcolm_reavell: @MartinSLewis The government doesn’t need to raise money to fund itself. It creates £ when it spends. Taxes do not fun….

RT @Partisan_12: “What they've done to Gaza is f***ing insane. & if you can't see that, if you can't say that, your response is, Israel has….

RT @davidsirota: The Powell Memo was written in 1971 — which may have been the most important turning-point year in American history. Tak….

RT @StevenHailAus: Why does the British government borrow its own currency, of which it is the issuer?.

RT @UN_SPExperts: "From economy of occupation to economy of genocide": new report by UN Special Rapporteur @FranceskAlbs exposes corporate….

RT @wmhuo168: Milton Friedman didn’t just shape modern capitalism. He gave corporations a moral license to gut the public and call it freed….

RT @DEhnts: Balancing the budget or targeting public purpose? You can only pick one. There is an alternative.

RT @StevenHailAus: Cameron is right about this and I don't see how anyone reasonable who doesn't have a prior bias and understands the mone….

RT @richyphillips: The average qty of reserves held by commercial banks in 2024 was £850bn. At an IOR rate of 5.25%, the govt paid over £44….

RT @andrewfeinstein:

RT @StevenHailAus: There is more nonsense being written about fiscal deficits at the moment than I can remember. We provide the periodic t….

RT @Scotonomics1: It's fair to say that all those climate models need to be updated. Land and seas warming at a far faster rate than we tho….