Sunday, September 25, 2022

Tax reform in Australia is needed but not because the government needs more of its own currency to spend — Bill Mitchell

The public debate is conditioned by who gets a platform in the mainstream media. Even those publications that purport to be informed and appeal to a more reasoned type of reader are highly selective in who they give a voice to. I see this as a huge constraint in advancing alternative ideas that challenge the mainstream narrative and the vested interests that support it. The problem is that on economic matters these vested interests have not only captured what we might call the conservative voice. They also dominate and craft the so-called progressive agenda such that Green groups and movements, for example, are indistinguishable on macroeconomic matters, which makes it hard to contest ideas that are abroad. The UK Guardian, for example, thinks it presents a progressive angle on issues and is ‘above’ the crudity of the tabloids. But it regularly gives voice to writers who promote macroeconomic fictions and refuse to give space to those who challenge these fictions. Today (September 26, 2022) for example, it published am article – Without radical tax reform, Australia faces an insoluble public finance problem – by one Satyajit Das, who gets regular Op Ed columns in the Guardian and appears regularly on Australian public radio. His analysis distorts the public debate. Selective platforming is a blight in our media....
Media capture is essential to narrative control. Since overt government censorship is ruled out in liberal democracies, other means need to be adopted, and they have been.

Bill Mitchell – billy blog
Tax reform in Australia is needed but not because the government needs more of its own currency to spend
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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2 comments:

Matt Franko said...

“ But it regularly gives voice to writers who promote macroeconomic fictions and refuse to give space to those who challenge these fictions. ”


They are not “fictions!” they are the monetarists thesis…

Bill is doing the same thing he complains about all the time which is mischaracterizing the monetarists thesis as “fiction”…

They are not doing “fiction”…

Peter Pan said...

What they are doing involves friction...