Tags » Australian Economy

Lehman Brothers 2008 Revisited

When a small businessman borrows £9000 from a bank and his income halves, he has a problem.

If a UK dairy farmer who has borrowed £900,000 from a bank, sees his income half, it’s still the dairy farmer who has the problem. 109 more words

Financial Crisis

John Quiggin, MMT and Russia

Professor John Quiggin ruffled a few MMT feathers with his recent blog entitled “MMT and Russia”


Does he have  a point? Well, yes and no.   714 more words

MMT General

Australian politics: the year that was 2014

The end-of-year reflections by Prime Minister Tony Abbott and Treasurer Joe Hockey were a reminder of the federal government’s surprisingly poor year. The measure has been the government’s perilous position in the polls. 903 more words