You can't eat theories, though if you gather enough of them together you could build a house of paper pages...

Grappler Truth Teller Feller wrote on Apr 15^th, 2022 at 11:25am:


The point is newscorp journos know nothing about money creation, which is why they ask stupid questions of politicians (Bandt and the Greens are actually MMT-literate, and can therefore blow away stupid journos' questions).

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Addressed above, journos deliberately ask stupid questions to ensnare politicians who are all constrained by the present evil debt-money system.

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You mentioned 'real butter', I explained you are actually eating shite (ie money as debt) , though you don't know it because private banksters have convinced you otherwise.

There is nothing theoretical about real resources, whereas the illusion that money is a real resource is certainly problematic.

Money is like  the 'points' used to keep score in a game; it is 'drawn from the ether' - like 'points' - ie created ex nihilo as required to enable convenient mobilization  of real resources. 

The problem is that private banksters claim the sole right to create money, meaning that governments  cannot fund the needs of the community, given that no-one wants to pay higher  taxes, and everyone thinks - erroneously - the government's budget is like their own household budget.   

wombatwoody wrote on Apr 15^th, 2022 at 9:30pm:


Exactly. Hawke was captured by the then new global neoliberal economic orthodoxy, without being aware of it.

And so today the major difference between the parties is in housing policy...and both fail to deal with the problem of sky-rocketing housing prices,  falling home ownership, and un-affordable rent.

Hawke forgot that Menzies was able to build sufficient public housing for low-wage earners to house everyone
(and eliminate unemployment) ......by running continuous government deficits in a growing economy.

MMT offers the next stage in the evolution of a functioning economy, ie one which provides housing and jobs for everyone, by achieving continuous rises in living standards, in a non high-population-growth environment (in contrast to the immigration fueled, post war Menzies years).

TUZENBAKH. The yearning for work, oh dear, how well I understand it! I've never worked in my life. I was born in cold, idle Petersburg, in a family that had known nothing of work or cares of any kind. I remember, when I came home from the military school, a valet used to pull off my boots. I used to be troublesome, but my mother looked at me with reverential awe, and was surprised when other people didn't do the same. I was shielded from work. But I doubt if they have succeeded in shielding me completely, I doubt it! The time is at hand, an avalanche is moving down upon us, a mighty clearing storm which is coming, is already near and will soon blow the laziness, the indifference, the distaste for work, the rotten boredom out of our society. I'll work, and in another twenty-five or thirty years every one will have to work. Every one!

Chekhov, The Three Sisters, 1901.


And he was right about Russia  - and look what happened to Russia.

Baronvonrort wrote on Apr 13^th, 2022 at 9:22pm:





my internet stop working almost every time it rains or when the guy down the road waters his lawn

Thanks to the libtard party

John Smith wrote on May 17^th, 2022 at 7:38pm:

Move out of the Italian ghetto, Planks. They have been dudding you, the compadres.

Privatisation is a great idea - Never.

freediver wrote on May 17^th, 2022 at 9:20pm:


You have some examples of this happening? I can not say that I have ever seen this . As often as not we get the argument that privatisation forces the price down through competition though we know that isn't true either.

So now we have the argument that Government run will price too low and the competition from privatisation will reduce the prices by more.

Does that sound about right?