Sir Grappler Truth Teller OAM wrote on Mar 20
th, 2023 at 12:35pm:
Hang on - 'government money' isn't the same as 'taxpayer's money'?
Ok, given the current ancient monetary orthodoxy in which
only private bankers have the privilege of creating money (when they lend it to - hopefully - credit worthy customers), the government TOO has to go begging for "taxpayer money" ie via taxes and borrowing.
This is the evil system that needs to be overthrown.
Quote:So in your eyes government is separate and thus may exercise whatever powers it wishes without so much as a consultation with or notification to the people, and has this reservoir of money set aside for its exclusive use outside the treasury?
.
Yes, the public sector (government), as opposed to the private sector (non-government sector) SHOULD be separate when it comes to money creation, because a
currency-issuing government should be concerned with a nation's
mobilization of its resources, while the private sector should be concerned with incentive and reward of private sector players in the private market.
Quote:Are they planning to pay for it out of the $230Bn stolen Future fund or something?
Addressed above; indeed Labor's proposals for funding affordable housing' and Oz industry are ridiculous, relying as they do on investments in stock markets and bonds.
Quote:Government of the People, by the People, and for the People....
Indeed, with the people informing the nation's Treasury re the people's spending choices, rather than the people being held to ransom by unelected "independent" central bankers serving the interests of commercial bankers.
Quote:Have you just dropped in from Medieval Feudal Europe or something? Truly you make some startling connections....
Gosh Graps you sure do get it back to front: the current bankers' sole privilege of creating money IS a relic of mediaeval Europe.
Quote:Government stands alone and above the people..... not here, sonny.
refuted above; "independent", unelected central bankers, not the people, are indeed running the show.