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@TheAusInstitute’s #RevenueSummit A post-Keynesian/#MMT perspective – questioning the premise of the Summit. In short, a washout – putatively sensible people nodding sagely at the repetition of neoliberal talking points.

#auspol #ausecon 1/12
Contra *every single speaker* at the #RevenueSummit, fiat money is not a scarce commodity that the government needs from us, it’s a tool that the government creates ex nihilo and *we, the populace, need it*. 2/12
Don’t take my word for it, take that of noted socialist Alan Greenspan’s:

Or Ben Bernanke’s. Or the Bank of England’s. Bankers know this stuff. 3/12
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