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Category Archives: Modern Monetary Theory
Listen up, Scott Morrison. It’s time to bust the myth of the budget surplus – The Guardian
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
Why the federal budget is not like a household budget – The Conversation
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
Reconstructing Economics 