@amonkeyinsilk@theblower.au#ABCNewsAustralia Spreading the myth that Australia’s national budget is like a household’s budget.
The Australian government prints its own (fiat) currency. It can’t run out of money, like a household.
@MsDropbear42@infosec.space@amonkeyinsilk There's so much i loathe & hold in utter contempt re RWNJ pollies, media, & acolytes, but one of the biggies is how they peddle this lie incessantly to fool the credulous Great Unwashed, who then vote for them.
@sister_ratched@toot.community@MsDropbear42 @amonkeyinsilk Absolutely Droppie. Even Labor, despite their knowing all about #MMT.
@MsDropbear42@sister_ratched @amonkeyinsilk So galling, gaaaaaah [bet you didn't know that 
]. Tell me Jude... why are they all so shit, & why aren't we running the show?
@sister_ratched@toot.community@MsDropbear42 @amonkeyinsilk Very bloody good Q darls. Grrrrr.....
@MsDropbear42 @amonkeyinsilk
All major parties in #AusPol are still stuck on the made-to-order (By Reagan & Tatcher) Chicago School of Economics’ Neo-Liberal Economic Theory (Absolutely debunked by the GFC) and that’s where the ‘responsible economic management’ mantra comes from. Polies might have heard of MMT (though some definitely know enough about it to understand it and compare) but they cannot comprehend it from their current perspective hence it doesn’t get consideration.
I’m not saying that #MMT is THE global answer to our economic woes, but as a Theory, it makes a hell of a lot more sense then #neoliberalism.
@RaymondPierreL3 @MsDropbear42 @amonkeyinsilk Also all economic models in use today still have Neoliberalism at their core.
@Old_IT_geek @MsDropbear42 @amonkeyinsilk
Unfortunately so, yes.
Requires generational changes to govt to tackle that one as well as some vigorous and thorough public debates (which will require citizen led political activism - and the break up of media monopolies).