tag:blogger.com,1999:blog-5952277586613848648.post5942475334731105247..comments2024-03-02T11:36:17.816-08:00Comments on ALP Socialist Left Forum: Covid 19 has hit the economy hard; But where is the Recovery going to come from?Vaughann722http://www.blogger.com/profile/11604027151490275320noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5952277586613848648.post-64122363493531506082021-12-07T22:33:57.927-08:002021-12-07T22:33:57.927-08:00Thank you so much for writing an interesting artic...Thank you so much for writing an interesting article on this topic. This really made me think and hope to read more.<br /><a href="https://happyufa88casinoonline.wordpress.com/" rel="nofollow">wordpress</a><br /><a href="https://ufa88kh.blogspot.com" rel="nofollow">ufa88kh.blogspot</a><br /><a href="https://www.youtube.com/channel/UCvflNChuDEwDbYJEoKB0Upg" rel="nofollow">youtube</a><br /><a href="https://www.ufa88cambodia.com/" rel="nofollow">កាស៊ីណូអនឡាញ</a><br />Ufa88khhttps://www.blogger.com/profile/12259594029966556639noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-965952184254179452021-11-06T22:05:06.013-07:002021-11-06T22:05:06.013-07:00Thanks for posting this info. I just want to let y...Thanks for posting this info. I just want to let you know that I just check out your site and I find it very interesting and informative<br /><a href="https://happyufa88casinoonline.wordpress.com/" rel="nofollow">wordpress</a><br /><a href="https://ufa88kh.blogspot.com" rel="nofollow">ufa88kh.blogspot</a><br /><a href="https://www.youtube.com/channel/UCvflNChuDEwDbYJEoKB0Upg" rel="nofollow">youtube</a><br /><a href="https://www.ufa88cambodia.com/" rel="nofollow">website casino online</a><br />Ufa88khhttps://www.blogger.com/profile/12259594029966556639noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-68569613775724766282020-06-03T17:53:17.851-07:002020-06-03T17:53:17.851-07:00I'd be glad for this forum to host discussion ...I'd be glad for this forum to host discussion of modern progressive economics.<br />Vaughann722https://www.blogger.com/profile/11604027151490275320noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-67558629792100055362020-06-02T17:06:17.528-07:002020-06-02T17:06:17.528-07:00MMT takes a very mathematical approach to the econ...MMT takes a very mathematical approach to the economy and can test their arguments thoroughly. (Neo-Liberals/Conservatives have a flawed mathematical base - chaos leads to stability??). <br /><br />Printing money by the Reserve Bank should mainly be spent on infrastructure as this would multiple existing value and have a less impact on inflation. Inflation is the limiting measurement.<br /> <br />Privatisation of infrastructure (Natural Monopolies) is a gift to the new owners but a disaster for the society. NSW's flirtation with Transurban Company will prove this. <br /><br />The Private Banks have been allowed to print money in the form of fractional reserves (0% Reserve - Costello 1990). ABS data tells us that there is an enormous gap between the amount of money in private savings accounts compared to the size of the current loans the banks have made, mainly to housing. The wrong way to use printed money as the rising house prices continue to prove. Real wages have not risen for many years. <br /><br />There is plenty of infrastructure to build: Education, Hospitals. Intercity Rail, Energy, Backbone communications, Social housing etc. <br />Much of this has been privatised and could be brought back into public ownership. It could be that private companies be contracted to run (not own) these socialised companies would be paid on how they meeting public performance indicators.<br /><br />I hope this crisis will result in these new economic issues being discussed rationally. This forum could foster background discussion to considered the issues.<br />Bill Filsonhttps://www.blogger.com/profile/10755176184828065169noreply@blogger.comtag:blogger.com,1999:blog-5952277586613848648.post-52894910240031788542020-05-25T00:51:50.622-07:002020-05-25T00:51:50.622-07:00Re MMT. Under MMT taxes should not be thought of ...Re MMT. Under MMT taxes should not be thought of as "funding government", so why should the govt ever "go to the people" with a budget if they can print money at will? Govt becomes detached from the need for constraint and can spend at will as under MMT money only comes into existence when govts spend. <br />MMT also means taxes are only used to "balance the economy". What of progressive taxation as a means of inequality? Crickets. What of corporate taxation? MMT proponents view them as "evil". <br />In short MMT has serious shortcomings that would weaken democracy and reinforce inequality. If it sounds too good to be true - dig deeper. Anonymoushttps://www.blogger.com/profile/10762952085325910277noreply@blogger.com