Category Archives: Modern Monetary Theory

Listen up, Scott Morrison. It’s time to bust the myth of the budget surplus – The Guardian

Posted on February 14, 2017 by Warwick Smith

Originally published at The Guardian on Jan 6 2017. Warwick Smith A fetish of recent decades, budget surpluses lead to private sector debt and are unsustainable in the long term. The current obsession could lead us to recession. On Facebook, … Continue reading →

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Why the federal budget is not like a household budget – The Conversation

Posted on December 17, 2014 by Warwick Smith

By Warwick Smith, University of Melbourne Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut government … Continue reading →

Posted in Australian politics, Economic theory, Modern Monetary Theory | Tagged , , , , , | 5 Comments