by Q. » Wed Dec 19, 2018 11:50 am
by Jimmy_041 » Thu Dec 20, 2018 8:22 am
Q. wrote:The debt they've doubled?Jimmy_041 wrote:Good. Maybe we can start paying down some debt
Goes to show it doesn't matter and we should stop feeding the paradigm that it does.
by Booney » Thu Dec 20, 2018 8:35 am
Q. wrote:Fraudenberg caught telling porkies again yesterday. Or is he just an economic lightweight?
MYEFO shows growth down, investment down, wages growth down & consumption growth down. All while Morrison govt being the second highest taxing government in Aus history.
by Q. » Fri Dec 21, 2018 7:15 pm
Jimmy_041 wrote:Q. wrote:The debt they've doubled?Jimmy_041 wrote:Good. Maybe we can start paying down some debt
Goes to show it doesn't matter and we should stop feeding the paradigm that it does.
Debt will always be a runaway train if no-one gives a $hit or will sacrifice some stupid belief that it’s someone else’s problem.
by Jimmy_041 » Sat Dec 22, 2018 11:11 pm
Q. wrote:Jimmy_041 wrote:Q. wrote:The debt they've doubled?Jimmy_041 wrote:Good. Maybe we can start paying down some debt
Goes to show it doesn't matter and we should stop feeding the paradigm that it does.
Debt will always be a runaway train if no-one gives a $hit or will sacrifice some stupid belief that it’s someone else’s problem.
A government’s debt capacity can be infinite for advanced economies in good standing, Ie. Australia - no history of instability and we issue our own currency.
by Q. » Sun Dec 23, 2018 7:17 am
Jimmy_041 wrote:I am aware you subscribe to MMT but I don't
by stan » Sun Dec 23, 2018 7:37 am
Yes but in terms of infrastructure, not just roads or train lines etc but also for developing markets as well. The issue was Rudd and his mate Swanny just gave away loads if cash to people to spend up to keep the economy going.Q. wrote:Jimmy_041 wrote:I am aware you subscribe to MMT but I don't
Even Keynesianism applies. Run deficit to stimulate wage growth and employment.
by Q. » Sun Dec 23, 2018 7:39 am
That was during a GFC and it workedstan wrote:Yes but in terms of infrastructure, not just roads or train lines etc but also for developing markets as well. The issue was Rudd and his mate Swanny just gave away loads if cash to people to spend up to keep the economy going.Q. wrote:Jimmy_041 wrote:I am aware you subscribe to MMT but I don't
Even Keynesianism applies. Run deficit to stimulate wage growth and employment.
I'm pretty sure that's not what your talking about.
by stan » Sun Dec 23, 2018 7:57 am
Q. wrote:That was during a GFC and it workedstan wrote:Yes but in terms of infrastructure, not just roads or train lines etc but also for developing markets as well. The issue was Rudd and his mate Swanny just gave away loads if cash to people to spend up to keep the economy going.Q. wrote:Jimmy_041 wrote:I am aware you subscribe to MMT but I don't
Even Keynesianism applies. Run deficit to stimulate wage growth and employment.
I'm pretty sure that's not what your talking about.
by Q. » Sun Dec 23, 2018 8:16 am
stan wrote:As long as we have free money and big governments that are more concerned political correctness then I guess the left will be happy. At some point the debt needs to be sorted out and paid back, and if we havent used funds to better develop ourselves and just had bogans spending it on shit, then will be facing a large issue in the future.
But don't worry the traffic lights will be gender neutral and the other cultures wont be offended when some says Merry Christmas.
by stan » Sun Dec 23, 2018 8:45 am
Well dang that's good. Since the debt doesn't need to be addressed and I'm not suggesting the libs are any good at this either, then heck why is our health system shit, energy system shit and why isn't the spending out of this world.Q. wrote:stan wrote:As long as we have free money and big governments that are more concerned political correctness then I guess the left will be happy. At some point the debt needs to be sorted out and paid back, and if we havent used funds to better develop ourselves and just had bogans spending it on shit, then will be facing a large issue in the future.
But don't worry the traffic lights will be gender neutral and the other cultures wont be offended when some says Merry Christmas.
You're creating strawman arguments.
At no point does the debt need to be 'paid back' - and the Libs have demonstrated this clearly during their recent tenure.
There's no point in forecasting a budget surplus if it means cutting funding to essential services and doing nothing to address stagnant wage growth.
by stan » Wed Dec 26, 2018 4:08 pm
by Psyber » Wed Dec 26, 2018 6:07 pm
stan wrote:Well dang that's good. Since the debt doesn't need to be addressed and I'm not suggesting the libs are any good at this either, then heck why is our health system shit, energy system shit and why isn't the spending out of this world.Q. wrote:stan wrote:As long as we have free money and big governments that are more concerned political correctness then I guess the left will be happy. At some point the debt needs to be sorted out and paid back, and if we havent used funds to better develop ourselves and just had bogans spending it on shit, then will be facing a large issue in the future.
But don't worry the traffic lights will be gender neutral and the other cultures wont be offended when some says Merry Christmas.
You're creating strawman arguments.
At no point does the debt need to be 'paid back' - and the Libs have demonstrated this clearly during their recent tenure.
There's no point in forecasting a budget surplus if it means cutting funding to essential services and doing nothing to address stagnant wage growth.
Doesn't need to be paid back. Free money from the sky.
Whoot.
by shoe boy » Wed Jan 02, 2019 8:15 am
by Jimmy_041 » Wed Jan 02, 2019 10:20 am
shoe boy wrote:It is the current Greek philosophy - if you owe them enough they have to bail you out and keep supporting you.
But Gemany won't be happy when they are left holding the basket case economies up on their own eventually...
by Q. » Wed Jan 02, 2019 10:45 am
Greece doesn't fit the criteria and had other underlying issues (shadow economy and massive unemployment)Psyber wrote:stan wrote:Well dang that's good. Since the debt doesn't need to be addressed and I'm not suggesting the libs are any good at this either, then heck why is our health system shit, energy system shit and why isn't the spending out of this world.Q. wrote:stan wrote:As long as we have free money and big governments that are more concerned political correctness then I guess the left will be happy. At some point the debt needs to be sorted out and paid back, and if we havent used funds to better develop ourselves and just had bogans spending it on shit, then will be facing a large issue in the future.
But don't worry the traffic lights will be gender neutral and the other cultures wont be offended when some says Merry Christmas.
You're creating strawman arguments.
At no point does the debt need to be 'paid back' - and the Libs have demonstrated this clearly during their recent tenure.
There's no point in forecasting a budget surplus if it means cutting funding to essential services and doing nothing to address stagnant wage growth.
Doesn't need to be paid back. Free money from the sky.
Whoot.
It is the current Greek philosophy - if you owe them enough they have to bail you out and keep supporting you.
But Gemany won't be happy when they are left holding the basket case economies up on their own eventually...
by Psyber » Wed Jan 02, 2019 4:36 pm
by stan » Thu Jan 03, 2019 7:45 am
Well put Psyber.Psyber wrote:It seems that the very left leaning favour spending, regardless of national or state income and accumulating debt, while the Conservatives favor cutting costs and debt even at he risk of harm to the genuinely needy. Devotees of each seem to be able to find and put up economic arguments and philosopies to supprt their case, backed by self-selected statistics and studies to back their case.
It seems to be a bit like religion really...
I'm attracted to balance and the middle ground - as I see it I must admit - I've seen too much manipulation of statistics and studies to swallow any of them myself with access to the detailed paper and a chance to look closely at the method. (That's why I treat new pharmaceutical products with a certain caution, no matter how good they look on the papers the reps pass out.)
by Q. » Mon Jan 07, 2019 10:26 am
Psyber wrote:It seems that the very left leaning favour spending, regardless of national or state income and accumulating debt, while the Conservatives favor cutting costs and debt even at he risk of harm to the genuinely needy. Devotees of each seem to be able to find and put up economic arguments and philosopies to supprt their case, backed by self-selected statistics and studies to back their case.
It seems to be a bit like religion really...
I'm attracted to balance and the middle ground - as I see it I must admit - I've seen too much manipulation of statistics and studies to swallow any of them myself without access to the detailed paper and a chance to look closely at the method. (That's why I treat new pharmaceutical products with a certain caution, no matter how good they look on the papers the reps pass out.)
by Booney » Tue Jan 08, 2019 2:18 pm
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