Pragmatic and Empirically Guided Solutions Institute. Explaining the truth behind some misunderstood realities of the modern world.
Joined September 2020
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Just in case you had any doubt that poverty is a policy choice, here's @JEChalmers lying to the face of @phonakins, saying there's too much debt & deficit for poverty relief, meanwhile @AlboMP is promising to "spend whatever is necessary" on the military.
youtube.com/shorts/IVIs1fgO0…
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CLIP: We hear a lot about the national debt.
But do currency-issuing governments really ‘borrow' their own currencies?
The answer might surprise you.
Watch FINDING THE MONEY documentary, In Theaters and On Demand TOMORROW May 3: FindingMoneyFilm.com
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This is the second of a series of articles I am writing leading up to @FindingMoneyDoc tour with @StephanieKelton , but if it helps @TorrensUni @modernmoneylab torrens.edu.au/courses/busin… too that is great.
Albanese Government can find money for infrastructure ~ Dr Steven Hail independentaustralia.net/pol… @independentaus @StevenHailAus
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“Haha, yeah you’re right, better things aren’t possible!” will be the name of every episode
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Outraged centrists are hapless. A world of huge crises delivered by the supreme dominance of neoliberalism, wealth, power, and the centrists get awfully upset when they experience power not playing by the rules. As if...
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"...They [social progressives] don’t really care one iota about tearing down the systems that exclude others, because they benefit from these very systems." - Arrernte writer Celeste Liddle for IX, in her latest story 👉🏾 pulse.ly/so3eh4exon
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🧵 Worth thinking about how all this bullshit is reliant on divine command theory to work. Why should debts be paid? B/c they must! Why should racial minorities have less access to education? B/c they shouldn't! Why should queer folks be discriminated against? B/c they should be!
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Congratulations on a landmark UN report on the #JobGuarantee, @srpoverty.
I look forward to the work of our growing global Job Guarantee coalition.
Report: documents-dds-ny.un.org/doc/…
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Labor's "we must torture the poor so we can save the poor" rhetoric is nothing but self-serving nonsense, trying to act like the LNP to show they're "tough economic managers" because they're all still trying to win the 2010 election #auspol
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Again, the people who most need support are going to do the heavy lifting on paying down national debt. I am disgusted and afraid. But unsurprised.
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So, umm, no, that’s not a trillion.
In fact the figures in the budget implied that net debt was on a trajectory to hit a trillion dollars in the early 2040s.
That's not what the public understands.
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THIRD, it doesn’t change the overall budgetary story – good now, challenging later.
But “good now” has been massively underestimated by official forecasters. If you’d like an example of that, the figures just released (financeminister.gov.au/media…) show net debt is $516.7bn.
A pointless surplus for the currency-issuing government, won on the back of depriving support to disabled people.
🙃
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ALT Fascism: Capitalism’s last resort By Ben Sagal-Morris
