Modern Monetary Theory

Discussion in 'Markets & Economies' started by mmm....shiney!, Sep 14, 2019.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Gee there’s a shock. :p
     
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  2. whay

    whay Well-Known Member

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    Just mint enough of these and there will never ever be any problem with the economy ..............

    $1Trillion.jpg
     
  3. precious roar

    precious roar Active Member

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    Nice work, shiney.
     
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  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    It’s not my fault! :eek:

    :D:p
     
  5. OneDay

    OneDay Active Member

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    It'd be more accurate if it said "In Google we trust".
     
  6. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Federal government should abolish all taxes on consumer goods, including ciggies and alcohol and fuel.

    These taxes, especially alcohol and tobacco only serve as behaviour modifiers.
     
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  7. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I was once going to start the "Browns" Party. No tax on coffee, tea, tobacco, whisky, chocolate, hash, etc. There's even something in there for the gays.
     
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  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I didn’t see you mention glitter?
     
  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Glitter is not brown!
     
  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    What about white wine?? Racist!!
     
  11. willrocks

    willrocks Well-Known Member Silver Stacker

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    What about medicare?

    I'm sick of paying ~$2,500 each year to pay for sick people, many of whom are sick, directly or indirectly, because of alcohol and tobacco.
     
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  12. Lovey80

    Lovey80 Well-Known Member

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    alcohol and tobacco taxes currently subsidise the rest of the populations healthcare. Not the other way around. Your $2,500 is there because there’s a government/corporate rip-off scheme going on.
     
  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Taxes don’t pay for services. Governments don’t tax to collect revenue, taxes control the amount of credit in the private sector and to force us to accept their monopoly fiat currency.
     
  14. Lovey80

    Lovey80 Well-Known Member

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    What pays for services then?
     
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  15. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I can’t find @leo25 ‘s keyboard. Maybe he’ll post it here for us. :p

    Basically national governments are not revenue constrained.

    The fact that most think that taxes are collected to pay for services is an outdated concept.
     
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  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    The sinister side to our modern monetary system is that it cements the centralisation of power under the political behemoth that is the State. If we returned to private currencies we’d destroy the monopoly that the State has.

    I’ll be watching “Washington” on Foxtel with a keen degree of enthusiasm.
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

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    This.

    rba print2.jpg

    Allows this.

    aus gov debt.png
     
    Last edited: Jul 1, 2020 at 1:34 AM
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  18. dozerz

    dozerz Well-Known Member Silver Stacker

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  19. dozerz

    dozerz Well-Known Member Silver Stacker

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    correct, and ripped from the guardian article above

     
  20. leo25

    leo25 Well-Known Member Silver Stacker

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    Inflation is mostly a choice. So if you have government spending while the private sector is increasing its debt/spending, then yes there will be inflation. Some inflation is fine and is design into the system, while too much is bad.

    Now we just wait and see.
     

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