There is no nexus that demonstrates that borrowing has anything to do with “financing” government net spending. Borrowing is a monetary operation aimed at interest-rate maintenance.  … Read more “What would happen if a Sovereign Currency Issuing Government with a floating exchange rate ran a Fiscal Deficit without Borrowing?”

After several interest rate reductions over the past two years, a tool used by the Reserve Bank to stimulate activity, not much has happened. Business has not… Read more “We are governed by Idiots”