There are some Op Eds that are bad, and then others that transcend that standard to become terrible. Such was the case last week when I read this article in the Australian press (Sydney Morning Herald) (February 18, 2022) – It’s time to return to Costello economics, whoever wins the federal election – which was written by a former advisor to the last Labor Prime Minister in Australia. The article is dishonest in that it completely ignores the most significant aspects of the period he seeks to eulogise. It is also scary if it reflects current Labor Party thinking, given the author’s previous associations....Bill Mitchell – billy blog
The last thing we need is a return to fiscal surpluses and rising household debt
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Australian officials - The first thing we need is a return to fiscal surpluses and rising household debt
ReplyDeleteBill is a master of reverse psychology.
January was US surplus… about 20b.. December deficit about 20b … so last 2 calendar months a US balanced fiscal… cash basis …
ReplyDeleteKeep running those surpluses, Brandon!
ReplyDelete20b = 20 billion?
ReplyDeleteGotta scale that up to receive credit from the fiscal hawks.