How MYEFO masks Deception and Ignorance

A terrible deception has been perpetrated on the Australian people. We have been led to believe that we borrow our own currency from foreign nations, that the money gathered from borrowing and collected from taxing, funds spending.

It’s simply not true. And why is it important for us to know this? Because, empowered with this knowledge we can change the way our country is run. We can call out our politicians for their deception, their ignorance and force them to address the issues that are most important to us.1446420860697

Read more at: The Australian Independent Media Network

It’s taxpayers’ money….er no, it’s not!

image.adapt.1663.mediumWhen we hear that a politician has abused his/her expense entitlements, or that federal cabinet has decided to carry out a postal survey costing $120 million, we throw our hands up in despair and cry out, “that’s taxpayers’ money you’re wasting,” and ask why isn’t this money being spent to build a hospital or a road or better still, to give aged pensioners a bit extra?
What will it take to convince people that the emotive outcry, “it’s taxpayers’ money” is a fallacy and a fraud? What does it take to have our ignorant politicians and economists be properly informed?

Read more at: The Australian Independent Media Network

Money is a Scary Subject

85The devaluation of peoples’ hard-earned money is what Australians fear most. People fear inflation. Never mind the crime rate, political corruption, nuclear wars, family violence, pestilence and the like, inflation is the king of fear factors.

Read more at: The Australian Independent Media Network

The False Debt-Scare ‘Own Goal’

imageSo, inflation has gone down further to 1.3% for the year to September 2016 from 1.7% in the first quarter of 2016. This is against the RBA’s target rate of 2-3% and all the economic boffins are turning their eyes toward the Reserve Bank guessing as to whether Governor Philip Lowe will reduce interest rates further to 1.25% on Cup Day.

 

Read more at: The Australian Independent Media Network

Foreign Debt Explained: It’s not what you think.

imagesZYE2J0BKDuring a recent Q&A with Adelaide University’s Economics lecturer, Dr Steven Hail, I asked several questions about the much misunderstood subject of Australia’s foreign debt position. Steven has a Ph.D. in economics, from Flinders University, and Bachelors and Masters degrees in economics from the London School of Economics. 

 

Read more at: The Australian Independent Media Network

The Case for Overt Monetary Financing

Full-EmploymentLong term economic stagnation, such as we are facing now, poses serious social risks for all nations currently recovering from the GFC. Unemployment, underemployment, a lowering of living standards and greater inequality will, if not checked, eventually lead to civil unrest.

Read more at: http://theaimn.com/case-overt-monetary-financing/

Here’s something to think about…

iain-dooleyStarting a new political party is not that difficult. The recent surge in start-ups demonstrates this. It’s largely just a matter of paperwork. Getting it off the ground, however, is something else. Being heard and supported in great numbers though, is often a bridge too far.

Here’s something to think about…

Read more at: The Australian Independent Media Network

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