Bobby. wrote on Oct 4^th, 2026 at 6:23pm:


Sense to you?

Yet you won't answer the question :how is the nation to fund/upgrade essential public services  (eg, aged-care, tertiary education, public infrastructure?)

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Labor is already telling us "there will be no c-o-l relief in the upcoming budget because "we have to balance the budget".

And you want reduced govt. spending, given pensions for people living in million dollar homes, while fewer young people can afford to buy a home.

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So:  market failure means those people (a small number of home owners)  can no longer afford council rates on their 1960s dumps....

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'Communism' seeks to house everyone - see Mamdani in New York; and while Labor is trying to make housing affordable for average workers again, it has abondoned public housing as a solution, resulting in bad outcomes for the small number of people you are bleating about (ie,  pensioners living in million dollar 1960s 'dumps' who can't afford council rates).


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Ah - at last (it's like pulling teeth) - you have noticed governments need to fund themselves, and are promoting taxes on companies.... well done. 

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So the question is: how to ensure the pension covers council rates for these 'poor' pensioners living in million dollar 60s 'dumps'.   

Answer: raise taxes on companies (and wealthy individuals) who avoid paying tax. 


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What a confused statement.

1. yes, Labor follows mainstream economists who demand balanced government  budgets (following the erroneous 'household budget' analogy), meaning Labor has to cut government spending.

2. "Wretched communism" is your wretched  ideological construct designed to ensure public spending is minimized in favour of private sector spending by the wealthy.

Deplorable. 

Better:

https://publicmoneypublicgood.net/

Note: public money, not 'taxpayer money'. 

flip

Bobby. wrote on Oct 5^th, 2026 at 1:42pm:


I told you why Labor is doing that: namely,  because mainstream economists - which you follow - insist the c-i government has to 'balance the budget', which means govt. must chase pennies wherever it can, including forcing pensioners living in $million "dumps" to downsize so they can pay their council rates.   


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Yes - disgraceful, the result of govts being forced into 'austerity' by mainstream economists which you follow.
Fact: a c-i-govt could of course pay council rates without taxing or borrowing from the private sexctor.

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Yes, mainstream 'public austerity' economists who defend private wealth from taxation obligations are evil bastards.

Hence concerned citizens promoting MMT:

https://publicmoneypublicgood.net/

Note: public money, not 'taxpayer' money.

TGD,
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It is still not fair.
It's not the old age pensioner's fault that the house and land went up so much -
it's funny money ideas like you have that caused excessive money printing and high inflation.


TGD,
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What is a c-i- Govt ?
Google doesn't know - stop using silly acronyms.

Govt's are issuing Govt bonds and the Reserve Bank is printing money to pay for them.
Inflation is caused by the Reserve bank -
they should say NO - we're not buying your Govt. Bonds - go to hell.


TGD,
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You think you've got all the answers.   

Your only answer is why Zimbabwe ended up in chaos -
where you needed a wheelbarrow of money to buy a loaf of bread.

Bobby. wrote on Oct 7^th, 2026 at 5:20pm:


Indeed, mainstream economics is aka  'the dismal science'; it certainly ain't "fair"...

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Your error: I want managed markets, as opposed to the free market which has resulted in the overpriced housing you are complaining about.

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Interesting  - I can only conclude you don't read my posts:

A c-i govt. is a legal currency-issuing government;  most national governments are such.

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You don't read my posts , I already quoted AI showing most money is created in private banks in normal times; and if (in an emergency) govts buy back the bonds they issued, they're not creating new money, they are...

(google AI)

repurchasing existing debt securities from investors and financial institutions before their official maturity date.

Ie, existing debt securities sold to the private sector which carries interest (on the bonds the private sector invested in).

C-i governments which COULD be authoirized to create public money, without taxing or borrowing from the private sector, should NOT sell bonds at all. 

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There is some concern reserve banks actually increase inflation when they lift interest rates, which causes rents to increase as landlords pass on the expense of higher mortgage rates.

But in general, inflation is caused by demand out-stripping the economy's capacity to supply goods and services. 

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I've certainly got an alternative to the current dysfunctional public austerity/private wealth monstrosity.

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...proving you are incapable of learning: hyper-inflation in Zimbabwe, Weimar Republic, Venezuela  etc are all examples of suddenly curtailed supply (whether food, factories, or loss of oil income, wrecking those states' finances, respectively).

As we have discussed many times.

More important is soaring US debt (and eg, the UK and France)  which - while not causing inflation - will result in crippling interest payments on the debt which will eventually swamp government spending.

All because of the ancient system forcing govts to borrow money from usurious private sector money lenders: 
 

(googe AI)

During the Middle Ages and the Renaissance, governments (monarchs and empires) did not have modern tax collection systems or public central banks. When they needed to fund wars or royal lifestyles, they were forced to turn to wealthy private financiers, merchant-bankers, and syndicates.

And indeed "public central banks" are still banned from  creating debt free public money..... 

Hence the necessity for a new solution, an alternative to the current increasingly dysfunctional economic nightmare:

https://publicmoneypublicgood.net/

lee wrote on Oct 8^th, 2026 at 12:43pm:


Dummy lee: given the lack of global financial oversight (eg Keynes' famous 1944 "clearing union" and 'Bankor' proposals), nations who authorize their c-i governments to fund themselves (other than by taxing or borrowing from the private sector) may be faced with a one-off devaluation of their exchange rate, the effect of which is to raise the cost of imports.

But the nature of the imports in important**; and the advantage of a self-funded government  may still deliver a better standard of living with a sustainable financial system - unlike the present system where governments everywhere  are going broke as they are forced to pay ever more in interest payments to bond holders - even as they cut spending on essential public services in a politically impossible attempt to cut spending on essentials. 

** eg, in Oz's case, we don't need to import food or building materials, hence the federal government can fund public housing for free.   

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Correct: AI makes it possible for governments to account for the productive capacity of each enterprise in the entire economy, hence enabling avoidance of inflation caused by excess demand (ie, demand beyond the economy's capacity to supply) in the macro-economy.

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Your confusion of terms is evident: the "invisible hand" refers to the blind self-interest-driven private sector market economy.

Whereas the public sector represents the deliberate/planned  counter-balancing interests of the collective, enabling the supply of essential public services for all.

https://publicmoneypublicgood.net/

Whereas mainstream economists hand the burden of inflation control to the reserve bank, using their blunt/very blind tool of interest rate manipulation.

Even Kochie is upset:

(NewsWire)

Kochie slams gut punch on mortgage holders

thegreatdivide wrote on Oct 9^th, 2026 at 11:21am:



Ah yes. And what the imports from businesses that have moved offshore, with the attendant loss of jobs, they also lead to inflation.

And after the High Court has said we must calculate Scope 3 exports, there goes another of our jobs. meanwhile China hasn't hamstrung itself. Scope2 emissions are carried by the trading partners who actually burn the fossil fuels.  But you are fine with China having free rein.

thegreatdivide wrote on Oct 9^th, 2026 at 11:21am:


We just need to import the building materials. EG  Autoclaved concrete.

thegreatdivide wrote on Oct 9^th, 2026 at 11:21am:


You mean the same AI that keeps going rogue?

thegreatdivide wrote on Oct 9^th, 2026 at 11:21am:


Actually NO. It doesn't say anything about "blind" self-interest.

thegreatdivide wrote on Oct 9^th, 2026 at 11:21am:


No that's socialism.

thegreatdivide wrote on Oct 9^th, 2026 at 11:21am:


"David Koch blasts government spending as Australians hit with another interest rate hike and extra mortgage costs"

https://7news.com.au/sunrise/david-koch-blasts-government-spending-as-australian...

Bobby. wrote on Oct 9^th, 2026 at 11:28am:


??

(google AI)

...the specific modern economic phrase "currency-issuing government" gained prominence primarily through Modern Monetary Theory (MMT) starting in the late 20th century

Stop blaming me for your own ignorance.