A warning to Oz Labor, from NZ Labour:

https://www.msn.com/en-au/news/australia/youthquake-rumbles-to-a-stop-support-fo...

Failure to deliver

The (NZ) youth vote’s swing away from the centre left could partly be an incumbency effect, says the Green party’s Chlöe Swarbrick – parliament’s youngest sitting MP at 29. It may also reflect disillusionment with the initial promise and perceived lack of follow-through on radical change during the Ardern years, she says. “Reflecting on the last five, six years, a lot of people were initially really excited by the rhetoric of transformation, but it feels like what has largely been delivered is tinkering,” Swarbrick says. While the Labour government made strong commitments to take action on climate change, housing and child poverty, progress on those central issues – particularly housing and emissions reduction – has been achingly slow.

Hmmm...and Albo wants to pay himself an extra 5K a year (via stage 3 tax cuts) while young people are facing unaffordable housing in Oz.

https://profstevekeen.substack.com/p/brics-wouldnt-be-silly-enough-to?utm_source...

BRICs wouldn’t be silly enough to develop a gold-backed currency, would they?

From James Galbraith, (son of the famous John Galbraith), on the madness of government 'austerity'.

https://www.project-syndicate.org/commentary/us-soft-landing-not-the-feds-doing-...

'Nothing to see here' according to the Right:

https://thenextrecession.wordpress.com/2023/08/22/1-2-of-adults-have-47-8-of-the...

1.2% of adults have 47.8% of the world’s wealth while 53.2% have just 1.1%

Frank links to this gem from the ABC's 'The Philosopher's Zone', and claims MMT has nothing to offer in the current global debt malaise.  You can trust Frank to get it wrong on anything to do with economics.

...........

Guest: Francis Russell, Lecturer in Humanities, Curtin University, Perth WA

https://www.abc.net.au/listen/programs/philosopherszone/neofeudalism-techno-lord...

"For many on the political left, the end of capitalism is a cherished ideal - but what if capitalism ended and we found ourselves with something worse? This week we're exploring the possibility that Western liberal democracies could be sliding in the direction of "neofeudalism" and devolving into a much nastier set of economic and social structures than the ones we presently have."
.......

Well, at least Russell is aware something is wrong with the current neoliberal orthodoxy...but he should stick to pontificating in the faculty he is trained in.

He is no doubt driven by the mainstream delusion currency-issuing governments can run out of money and have to balance their budgets - like he has to balance his own household budget, ie, he is just another prize dummy talking about ecocomics, not wanting to upset the apple cart despite the fact homelessness, and indebtedness are increasing, and home ownership rates are falling - a disastrous long-term trend which will indeed result in "neo-feudalism".

If Russell wants to make himself useful, he could explore ideas for controlling inflation, OTHER than by Central Banks' raising interest rates.

Miserable mainstream economists with their faux debt concerns.

https://www.msn.com/en-au/money/markets/no-real-fix-to-the-sharp-rise-in-public-...

No real fix to the sharp rise in public debt loads, economists say

"High public debts are here to stay," they wrote. "Like it or not, then, governments are going to have to live with high inherited debts."

Doing so will require limits on spending, consideration of tax hikes, and improved regulation of banks to avoid costly blow-ups, they wrote."
..........

"Economists"?

No - charlatans.

Skillz....
https://twitter.com/buitengebieden/status/1695439851510706578