New Economics for Sustainability & Humans #MMT☘️
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maconnolly888.bsky.social
New Economics for Sustainability & Humans #MMT☘️
@maconnolly888.bsky.social
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It's amazing just how little people understand about how money, banks and our governments work
Here's a story that tells a small part of it ...
1/3
Since the UKgov/BoE are sole issuers of pounds, the size of the national debt is not a primary concern
The govt can never run out of money
It doesn't spend taxpayers money
It creates new currency electronically
Even the BoE website will tell you this
Wouldn't argue with some nationalisation though
Reposted by New Economics for Sustainability & Humans #MMT☘️
Reposted by New Economics for Sustainability & Humans #MMT☘️
Today, Mike Johnson will keep the House adjourned for the 91st day out of the last 103.

12 days of work in 103 days.

With full pay and benefits.

The senate has been working, so this is not about the shutdown.

It is about avoiding a vote to release the Epstein files.
Petger, apart from people like your good self, countless!
Which is exactly why I keep repeating it
Reposted by New Economics for Sustainability & Humans #MMT☘️
How much of your personality needs to be filled with sewage to have the first reaction of "I'm much better looking than him"?

Just a walking bag of rancid manure.
Trump on Mamdani: "I think I'm a much better looking person than him, right? It's gonna be hard for me as the president to give a lot of money to New York, because if you have a communist running New York, all you're doing is wasting the money you're sending there."
Reposted by New Economics for Sustainability & Humans #MMT☘️
‘Punishment before trial’:
Senator Lidia Thorpe will move an amendment to strike out Schedule 5 after the Government quietly inserted a measure to expand police power into the social safety net.

www.lidiathorpe.com/mr_reject_po...
‘Punishment before trial’: Thorpe calls on Senate to reject police powers buried in social security bill
Independent Senator for Victoria
www.lidiathorpe.com
Reposted by New Economics for Sustainability & Humans #MMT☘️
How do we, the people, find somewhere/something that might look like it will cause Labor some damage electorally?
Then how do we focus on that ONE THING & make it intolerably noisy so Labor can't ignore it?
They are fat & happy with the Coalition tearing itself apart
They must be goaded into action
Reposted by New Economics for Sustainability & Humans #MMT☘️
nb: he is talking about the Royal family, not the family of Virginia Giuffre.
Trump on Prince Andrew and the Epstein scandal: "I feel very badly. I mean, it's a terrible thing that's happened to the family. That's been a tragic situation. And it's too bad. I feel badly for the family."
Australian federal government doesn't spend 'taxpayer dollars'
They spend by creating new currency
So they don't have to 'take it from somewhere else'
So they have no excuses
IF THEY DON'T SPEND, IT IS 100% THEIR CHOICE
Lack of spending is usually based on politics, not economics
Reposted by New Economics for Sustainability & Humans #MMT☘️
Reposted by New Economics for Sustainability & Humans #MMT☘️
More bullshit israeli propaganda coming out of the abc, the headline alone makes it appear as though Hamas has been the one breaking the ceasefire and the remains they speak of are due to israel bombing the shit out of Gaza indiscriminately for 2yrs and killing their own people
abc is useless
Reposted by New Economics for Sustainability & Humans #MMT☘️
Reposted by New Economics for Sustainability & Humans #MMT☘️
O'DONNELL: The stock market doesn't affect everybody. Not everybody is invested in the stock market

TRUMP: It does

O'DONNELL: But grocery prices are up

TRUMP: No. 401ks. People have 401ks.
Reposted by New Economics for Sustainability & Humans #MMT☘️
Reposted by New Economics for Sustainability & Humans #MMT☘️

He’s already preparing the Pardon papers as we speak…….
Reposted by New Economics for Sustainability & Humans #MMT☘️
Hard to articulate just how much of a disappointment this so called "Labor" government is. They have failed on so many promises & realistic expectations. They become more Lib Lite by the day, & what's worse, looks like they have been all along. We woz robbed! Gough must be spinning.
Reposted by New Economics for Sustainability & Humans #MMT☘️
This is stupidity founded on ignorance
Yes taxes should be paid but federal govt doesn't 'need' the revenue from unpaid taxes
It could lwrite them off
Paying a private company $42m to have them chased is insanity
They could have just created more jobs at the ATO
www.theguardian.com/australia-ne...
ATO is paying private debt collector $42m to pursue taxpayers, including welfare recipients
Exclusive: The tax office’s increased reliance on Recoveriescorp has coincided with a spike in complaints to the watchdog
www.theguardian.com
Reposted by New Economics for Sustainability & Humans #MMT☘️