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MMT is a Scientific Approach

MMT is mostly the result of having a scientific approach to economics rather than an abstract theoretical approach. It's what you learn about economics if you look at facts and data rather than contemplating abstract hypotheticals.

Classical/Austrian/Chicago economists: "I wonder how money and taxes work? Let's suppose that Robinson Crusoe is stranded on a desert island with his friend Friday...."

Fiscal policy is monetary policy

Fiscal policy is monetary policy. You can't have an efficient and functional monetary system or market without taxation. The only feasible vision of market anarchism is geo-mutualist, where you have something like democratic confederalism, a sovereign money issuing bank of the people, and a system of taxation. Most modern anarchists think that geoism, Proudhonian mutualism, and democratic confederalism looks a lot like statism. Perhaps. The lines do blur. It's a spectrum, not a binary. The anarchist social democracy that I used to advocate really does look a lot like statism.

Leadership Squabbles

Worried about no one running the country while the Government squabbles over the leadership?

Worry no more.

Scott Morrison has been appointed to replace Peter Dutton’s as the minister in charge of Border Force, so the country of Nauru will continue running as normal.

With Dutton heading off to the backbench to pad out his CV and assist Tony Abbott with the sniping duties, Morrison has been given the opportunity to return to his favourite pastime of abusing children in Immigration detention.

Resigned to do nothing

This week in Canberra politicians on both sides of parliament made speeches condemning racism and congratulating each other for them.

This week on Nauru Medical staff reported a 12-year-old refugee boy on a hunger strike for more than a fortnight is close to death.

The boy has been held with his family on Nauru for five years since fleeing Iran. They have been assessed as refugees but refused resettlement in the USA, as are all refugees from Iran.

The Stench of Fraser Anning

Lovely to hear both sides of Parliament condemn Fraser Anning’s repugnant speech today. It’s been a change from the rhetoric we’re use to hearing from Parliament in recent times.

We’ve heard George Christensen constantly attack Muslim immigrants calling for them to be banned. He’s also spoken to the far right-wing Q Society and appeared on a Neo-Nazi podcast.

Election Fraud in the US

Democrats got more votes than Republicans in the Senate. However, the American system is rigged to favor white conservatives. The majority of the population doesn't want these fascist shit-bags in power, but the system is rigged in their favor. Democrats actually won the majority of the votes in the Senate race, but they ended up losing seats. This is how rigged the system is in favor of the rightwing. Repeatedly, Republicans can't win the popular vote but still remain in power. As you'll recall, Trump didn't win the popular vote either. Why was our system rigged this way?

Neo-Republicanism and Social Democracy

Neo-republicanism, which tends towards social democracy, departs from classical republicanism in one important sense. Whereas traditional republicans wanted liberty for propertied white men, neo-republicans want liberty for all, which means universal healthcare, abolition of wage-slavery, etc.

Willful Ignorance of European Marxism

I once knew a person on Facebook who was reasonably intelligent, a network engineer by profession, but alas has been infected by that strange political expression of methodological individualism. In other words, they were a Libertarian, of the capital 'L', good ol' U.S.A variety. Now I have some sympathy for such people, especially when what they are talking about in terms of civil rights and liberties, self-governance, and so forth.

Bludgers Beware

I’ve posted all this before, but New Corp have posted this headline before too. So once again, here is a reminder of why the true bludgers have nothing to beware of:

The Newstart allowance is nearly $200 per week below the poverty line.

Over 730,000 children are dependent on welfare payments to their parents/careers.

32% of people receiving Newstart allowance are over 50.

50% of Australians and 70% of households have accessed welfare at some time in the last 15 years.

The Republican Party is not republican

The Republican Party is not republican. They are conservative with propertarian leanings. Modern conservatism is the bastard child of traditional conservatism and classical liberalism/individualist libertarianism.

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