May 02, 2023
Dr. Stangelove 2.0
This blog provides a critical analysis of the Australian government's burdensome debt and questions the pseudo-economics promoted by the Australian Broadcasting Corporation (ABC). The author argues that both the Coalition and Labor governments are not doing enough to address the rising debt, and highlights the dangers of Modern Monetary Theory (MMT), which suggests that the government can print its own money to cover deficits. The blog also cites the views of Dr. Bob Murphy of the Mises Institute, who highlights the negative impact of deficits and debt on private-sector investment and future generations. The blog concludes by urging readers to start worrying and asking for a proper explanation of the government's debt.
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