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Almost had me there Dave!
This is one of those trick questions, isn’t it?
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RBA independence is a myth.
It will act in the best interests of the finance sector.
Recessions benefit the capital class, crush wages and help accumulation of devalued assets.

Agree not erroneous. Disagree, not same principle. The justification is tax to fund spending. It’s the wrong argument and hence very limiting. Fossil fuel companies already running ad campaigns claiming what their “taxes” supposedly “fund”.

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Federal taxes don’t fund federal spending. 😞 #MMT

Three weeks away from being three weeks away.

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👇🏻🧵 Fark 🫣

Better argument - that’s not how federal spending works! #MMT
The fed gov is currency issuer.
Only way it can spend is by creating money. When it taxes, money is deleted, not saved.
Without the tax-payer-dollar myth, what reason does Coatsworth have for denying services to people with needs?🤔

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👇🏻An example of the religious fundamentalism mainstream media sane-washes from the conversation.
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Neoliberalism and austerity will persist for as long as we cling to debt/deficit and the tax-payer-dollar myth. A pernicious lie. #MMT

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Financial colonialism

Such ludicrous framing.
Trump was never in control of this “war” or its economic consequences to start with.
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Enough with the tax-payer dollar myth. 🤦🏻‍♂️ You guys are smarter than that!
It undermines the issue and is used by fossil fuel companies in counter campaigning.
The federal government doesn’t tax to spend.
Fossil fuel use (and mining) needs to be reduced to a bare minimum as soon as possible.

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The federal government can’t “save” AUD.
Just like a shop can’t “save” its own coupons.
They just don’t get issued.

Should never be referred to as a “paper of record” ever again.

Antony Blinkin, former US Secretary of State for Biden Admin.

It’s like the Terminator 2 version of Clippy. If the first version wasn’t bad enough, now it’s back, evolved and seems almost impossible to get rid of.

Raising interest rates protects the value of financial loan assets. The biggest $ maker for banks.

Yeah Dome, like, don’t be THAT guy.🤦🏻‍♂️

This is not new. Hegseth not the mastermind.
Prof. Jiang Xueqin and Mikey Weinstein attorney and president of Military Religious Freedom Foundation have much to say on this.
Sounds like a crazy conspiracy, but then so did all the Epstein stuff.
Theocracy to worry about is definitely not Iran.

Raising interest rates to combat price shocks due to gulf conflict SHOULD kill interest rate-inflation connection myth once and for all.
Unfortunately, it won’t.😒
Reserve Bank are the kid with the plastic steering wheel while thinking they’re driving the car.🤦🏻‍♂️

And don’t forget the coal-lobby-adjacent lobbyists.

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