Economist in MMT & ecological macro, completing a M. Economics of Sustainability. On a crusade for economic enlightenment, even experts can’t resist my wit.
Wiradjuri Country
Joined December 2010
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Richard Murphy’s rejection of the Job Guarantee is a profound category error.
By stripping the JG out of MMT, we allow the establishment to extract the "fiscal space" while leaving the NAIRU intact.
We cannot let MMT be strip-mined. Here is why: 👇
xitter.gq/AusMMT/status/20591387…
#mmt Card 7 of 12, Inflation Management: Plural Tools. Combine fiscal, regulatory, industrial-policy and institutional tools, coordinated to the specific drivers and their distributional impacts. Match the tool to the diagnosis. A table pairs each driver with a tool. 1/4
Genuine excess demand: Taxation or spending restraint. Points: Raising the policy interest rate, the orthodox default, faces the same test rather than being assumed: What is driving prices, and who pays? 3/4
#MMT Card 6 of 12,
Inflation: Multi-Causal and Contextual.
Icon: A thermometer and a magnifying glass. Inflation has multiple, interacting causes and distributional impacts. Measurement is imperfect and context-dependent: It needs plural indicators and careful diagnosis.
Common mechanisms, shown as labels: Demand pressing on capacity. Supply bottlenecks. Market-power mark-ups. Wage–profit conflict. Import prices after a currency falls. Points: First question: Which mechanism is binding? Each calls for a different remedy.
The Myth of the Deficit Dial vs. The Reality of the Buffer Stock
Turn the dial all you like. It's the anchor that holds the boat.Who Gets to Define What MMT Is?Economics is a struggle over meaning.
darrenquinn.substack.com/p/t…
Card 5 of 12, Unemployment and Demand. Icon: Three people, the third drawn only in dashed outline. Unemployment signals insufficient spending. Fiscal policy should be used to achieve full employment, within real resource limits.
Skill and location mismatches are real, but they are fixed through hiring and training, not by leaving the demand gap open. Full employment includes job quality, underemployment and involuntary part-time work.
Darren Quinn | Modern Money Economist/Educator retweeted
💚 Ask Senators to support the motion to overturn NDIS support cuts, currently scheduled for 17 November.
Act: everyaustraliancounts.com.au…
Share: forms.gle/HwzQQzcsWjV97SjEA
Disability Gateway 1800 643 787
Lifeline 13 11 14 (24/7)
#ProtectOurNDIS
ALT A white note pinned to a red background reads: “Ask your Senators to vote against NDIS support cuts”. The word “against” is highlighted in dark red. Every Australian Counts logo below
When you pay tax, the money doesn't go into a vault to be spent later. Your bank account is debited, and the reserves are extinguished. Tax destroys currency. Spending creates it. The Commonwealth is not a piggy bank being filled and emptied. #MMT
#MMT Card 4 of 12, Deficits, Surpluses and the Function of Tax. Icon: A tap labelled "spend" fills a bucket that drains through a pipe labelled "tax". Taxes do not fund spending. They release real resources by regulating non-government purchasing power.
Points: A deficit adds to the money and bonds the non-government sector holds: Its net financial assets. A surplus drains them. That supports macroeconomic stabilisation and, where the spending is directed at it, industrial development.
Whatever you do, don't watch the video or listen to it.
#askanyeconomist What happens if a price goes up? #econ youtube.com/watch?v=06Ce6QWW…
All about today's interest rate rise FYI
Darren Quinn | Modern Money Economist/Educator retweeted
A question worth sitting with: before the Commonwealth had ever spent a single Australian dollar, where would anyone have got the dollars to pay tax in them?
They couldn't have.
Spending comes first. It has to.
The sequence is not a preference, it's a logical necessity. #MMT
Darren Quinn | Modern Money Economist/Educator retweeted
MEDIA RELEASE:
Total Australian property listings reach 300,000 residential properties.
Melbourne (51,264) and Canberra (5,548) listings both reached the highest levels on SQM records.
New listings increased 8.0% nationally but remain 1.2% lower year-on-year.
Old listings rose 6.3% nationally and are now 16.2% higher than October 2025.
Distressed listings increased a further 10.2% to 5,368 properties, the highest level since late 2024, and are now 42.3% higher year-on-year, with every state and territory above October 2025 levels.
sqmresearch.com.au/uploads/T…