Frank wrote on May 28
th, 2022 at 11:42pm:
Ross Gittins, who understands (MMT)
Yes he does (though still susceptible to 'fossilized central bankers, as noted in the post a couple back).
http://www.rossgittins.com/2021/03/funding-budget-by-printing-money-is.html
"
Many people are alarmed by “modern monetary theory”, the seemingly radical idea that the government should cover its budget deficit simply by creating money. But in his new book, Reset, Professor Ross Garnaut, one of our most respected economists, has joined the young turks". Quote: Be careful about asserting who is "laughing at you": as Hazel Henderson - a brilliant early researcher of ecological economics - said: "(mainstream) economics is a form of brain damage". (see #171).
(IMO, neoliberalism is merely a reflection of the
law of the jungle dressed up as a 'science').
Quote:Gittins has been wrong about everything. He is an older version of Peter van Olselen - always wrong.
Amusing.
Ah...dissension among writers in your favourite rag 'The Australian'?:
(tweet)
"Replying to
@vanOnselenP
and
@australian
I like the look of that headline but I'm still not spending a penny.
Let's face it, Economics is not a science but the economic values of the Coalition are 40yrs old and decidedly dated. As long as Labor remember that deficit is not debt they'll do better than LNP.
1:20 PM · May 24, 2022