How (modern) money works

Does this make it clearer? As clearly seen, Government Deficit is still Non-Government Surplus
You don’t need to understand MMT to know that the budgets that need repairing in Australia are household budgets; that any financial ‘black hole’ relates to household finances; and that our financial system is fragile, our property market inflated, and our economy at risk because of the explosion in household debt. That this is not obvious to all is the result of an exercise in mass delusion.




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How economic behavior will ‘settle into a new routine’ as the pandemic progresses

A Step From Homelessness:

Japan’s Recession -and a pandemic fallout.

During periods of economic disruption people would suffer less under socialism

2022 04 24 YOLO Markets Weekly Recap

Why can’t they “normalize” . . . what does it mean?

Module #6 Capital Markets

Roleplay of a policy maker spitballing about DeFi — PART 2

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adelaide University Economics Club

Adelaide University Economics Club

More from Medium

Basic money saving technique for me

Educating People on How to Enhance Their Investing by Using the Tools that the Wealthiest 1% Use

How to Manifest Money

Stop procrastinating when you feel stuck in your top priority project with 13 steps (1/3)