Too many things to unpack for now.

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Stop printing money.
Govts should not be allowed to have deficit budgets by law!
The Libbos new budget calls for deficits for the next 10 years!
Even that's a dream - it will be for the next 100 years
if our economy lasts that long.

We must live within our means.

Jovial Monk wrote on Apr 9^th, 2022 at 4:38pm:



What would you know Monk?
Tell that to people in Zimbabwe:

Jovial Monk wrote on Apr 9^th, 2022 at 10:22pm:



Can't you read?

       

Alan Kohler's take on options for government, given that economic flat-earthers (rejecting MMT)  are still  in control of the treasury and reserve bank: 

https://thenewdaily.com.au/finance/finance-news/2022/04/07/tax-more-happiness-al...

Bobby. wrote on Apr 9^th, 2022 at 2:45pm:


Yeh......

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But as your video proved, if banks stop issuing 'debt money' ,  money eventually runs out because interest on the debt has to be repaid (in our current evil system, as explained in YOUR video). 

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In MMT, currency-issuing governments do not NEED to deficit spend; the constraint for such governments is resources, not money.

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Owing to the present evil debt-money system, which forces  both government and private sector players  to pay interest on debt money (did YOU watch your video....?); but the currency-issuing government should NOT be forced to do this, so long as resources are available to (for example) train and provide  teachers, age and disability care workers, and builders to build the required stock of public housing.

See Alan Kohler's article (post #111) on the funding task  facing governments both Left and Right, in the coming years.

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Given advancing productivity associated with developing AI and IT, our economies will last if available resources are well-managed.
Your debt and deficit hang up is obsolete flat-earth economics. 

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Read Kohler's article (post #111); he's got bad news for you, unless you are prepared to pay much higher taxes in the coming decades. 

Hi TGD,
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You seem to be hung up on resources.
The richest continent on earth is Africa.
You name it and they have it:
gold, diamonds, oil, coal, minerals including rare earth minerals.
including sugar, salt, iron, cobalt, uranium, copper,
bauxite, silver, petroleum, and cocoa beans, but also tropical timber and tropical fruit......
Super rich soil and abundant rainfall for producing
enormous quantities of food.
https://en.wikipedia.org/wiki/Natural_resources_of_Africa

Those resources have led Africans to be the
poorest group of nations on earth.
It's full of 3rd world starving people.

Bobby. wrote on Apr 9^th, 2022 at 11:45pm:


That's because proper resource mobilization  is the key to our prosperity, not artificial money which is made out of nothing, as YOUR video patiently explained, and which has gone right over your head. 


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Correct, all controlled and exploited  by colonial capital which  charges interest on everything that moves - as patiently explained in YOUR video, so that the profits of resource development go to global capital, not to African workers.

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Yes, all exploited by evil private financiers who worked out how to create never ending debt money requiring ever increasing interest payments; that's why most African countries are (or end up) in the clutches of the IMF (Instant Misery Fund) run by the evil financiers exposed in YOUR video. 

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And now you know why; and indeed, why Oz itself -which has all the resources needed to house, clothe and feed (and employ) all 26 million citizens (the pop. of a large chinese city) - is scarred by public homelessness, in all its major cities.   

Bobby. wrote on Apr 10^th, 2022 at 12:10am:


No, the debt-money system itself needs to be changed, as patiently explained in your video.

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Mugabe kicked all the white farmers (not bankers)  off their farms (which occupied land stolen  by white colonialists  in the 19th century)....and Zimbabwe "went down the toilet" because the black tenants who were allocated the confiscated farms had no idea how to farm....

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Nothing to do with the white bankers who were not 'got rid of', - though they like all bankers  are part of an evil debt-money system ravaging the whole world, as explained at length  in your video.