There is a new variant of the global virus spreading again after being subdued throughout 2020. This is a very dangerous variant and if it takes hold will guarantee massive human suffering, and, a further, substantial shift in national income towards the top-end-of-town. I refer to the creeping infestation that is starting to pop up claiming that austerity will be required to pay for all the “profligacy” associated with government approach to the pandemic. I have seen this virus in the wild and it is creepy and being spread by those who seem to want to gain attention as time passes them by. Overheating threats, austerity threats – it is all part of the economics establishment trying to remain relevant. A vaccine will not work. They need to be permanently isolated.
Virus or fungus?
Bill Mitchell – billy blog
A very dangerous variant of the global virus is spreading again after being subdued throughout 2020
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Bill Mitchell – billy blog
A very dangerous variant of the global virus is spreading again after being subdued throughout 2020
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
2 comments:
Neera Tandenitis?
“If we bought a bond from Westpac, we would credit Westpac’s account at the Reserve Bank, and that creates the money electronically. That’s how a modern system works. And then Westpac could use that money hopefully to make some loans to some of its customers.”
This guy thinks “banks lend out the reserves “ like the Accounting abstractions are real... and Bill doesn’t correct him either...
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