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Today's cracker from Prof Bill Mitchell - A cracker from Prof Bill Mitchell today - 'The data shows that between 1953-54 to 2022-2023, the Australian Federal Government ran deficits for 52 of the 74 years or 74 per cent of the time.'
Gee I wonder - did the sky fall in?
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Avis Williamson retweeted
Tuesday October 27, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
A more honest and effective way to begin an answer to the “pay for” question.
Avis Williamson retweeted
Monday October 26, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Sunday October 25, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Saturday October 24, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
“Governments must manage their finances like households".
Great. Now find a household that issues the currency, levies taxes, and has a central bank.
MMT doesn't deny economic constraints. It denies that household analogies explain monetary systems.
Avis Williamson retweeted
Friday October 23, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Thursday October 22, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Replying to @NewmanJ_R
If it's about putting people to work the public sector can simply hire the unemployed.
The JG is meant to/does promote a transition from unemployment to private sector employment, which it does as private employers prefer hiring those already working.
But what do I know...
;)
Avis Williamson retweeted
Wednesday October 21, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Tuesday October 20, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Replying to @GrattanInst
@GrattanInst @monetary_imf
are old school “neoclassical” economists
call for ⬆️ GST to fix “debt & deficits”
but they have no clue about reality of monetary operations:
- nat’l “debt” is not really debt
- deficits are normal & normally required
- tax does not fund gov spending
Avis Williamson retweeted
Monday October 19, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
In 60 years, “Made in USA” gave way to “Made in Japan,” then “Made in China.” An industrial transfer unfolded in plain sight while most Americans barely noticed. Capital moved production across the world in pursuit of profit. History was printed on the label. #MadeinChina
Avis Williamson retweeted
One car can trigger a traffic jam involving thousands of vehicles through cascading feedback effects. You can't understand the resulting congestion by studying that car in isolation. Yet economists still think a representative household can explain an entire fucking economy.
Best idea we will see for at least the next month!
#insiders David, Trump is looking for another Press Secretary. You'd meet his criteria.
Avis Williamson retweeted
Sunday October 18, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
Saturday October 17, 2026
644 #DeathsInCustody
Hundreds of #MMIW
#AboriginalLivesMatter
#BlakLivesMatter
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Avis Williamson retweeted
The U.S. calls China authoritarian while ignoring its own corrupt system. What is democracy when capital dominates politics and wealth buys power? China delivers material results for its people. The dictatorship of capital puts profit before people. #DictatorshipOfCapital









