Archives
Discover the Real Impact of MMT: What You Need to Know!
Posted on August 4, 2023 Leave a Comment
I explain how MMT reveals the inner workings of modern money, challenging faulty mainstream assumptions. MMT shows spending is not constrained, and tools exist to achieve full employment and manage inflation. MMT provides an accurate systemic analysis of a sovereign currency, despite claims it merely restates orthodoxy. Read more on Substack
Grattan: Through the Looking Glass
Posted on August 4, 2023 Leave a Comment
I counter mainstream warnings against money creation and deficits, arguing governments create money at will and affordability depends on real resources, not financial constraints. If materials and labour exist for the public purpose, money creation enables it under inflation monitoring, not inherent limits. Read more on Substack
Who am I? I am a Social and Economic Pariah
Posted on August 4, 2023 Leave a Comment
As an unemployed Australian versed in MMT, I share my personal journey of marginalisation and explain how MMT revealed systemic failures, not personal deficits. This drives my advocacy for reforming our economic system through a Job Guarantee to foster inclusion and recovery for those like me left behind. Read more on Substack
Modern Money: A New Hope
Posted on August 4, 2023 Leave a Comment
I argue MMT examines economic fundamentals and is not a trap for progressives but an empowering framework if harnessed correctly. MMT reveals expansive democratic policy space by debunking conventional assumptions about public money through a modern, fact-based understanding of balanced inflation risk. Read more on Substack
Australia’s Fight Against Inequality is Only Short-Term Relief at Best
Posted on August 4, 2023 Leave a Comment
My in-depth budget analysis argues the government’s focus on a fiscal surplus and austerity betrays vulnerable Australians, as meagre relief ignores inequality and rising joblessness. I contend genuine progress requires long-term investments in equitable growth, not political optics. Read more on Substack
Unpacking How Governments Spend Money
Posted on August 4, 2023 Leave a Comment
I explain how MMT recognizes appropriation legislation, not bond markets, enables government spending. With central banks purchasing bonds, debt issuance is now an asset swap, not funding. MMT reveals the outdated myths used to demonize deficit spending and cut public services. Read more on Substack
MMT Inflation Dynamics
Posted on August 4, 2023 Leave a Comment
I explain MMT’s view that government spending as price-setter, interest rates, and wage policies influence inflation. While criticized, MMT provides unique insights on using fiscal policy, full employment, and institutional changes to shape a sustainable economy Read more on Substack
A response to Fabian Wintersberger
Posted on August 4, 2023 Leave a Comment
I rebut critiques of MMT, arguing it provides vital, overlooked insights on deficits, inflation, money, and policymaking. By embracing complexity and new evidence, MMT gives a more accurate understanding of economics to craft effective fiscal policies based on social benefits. Read more on Substack
Australia’s MiS-FIRE Industrial Complex
Posted on August 4, 2023 Leave a Comment
When Policy Misfires! I analyse how policy aligned with influential Australian industries often fails vulnerable citizens like Christine, worsening inequality. Using Christine’s real experiences, I argue systemic neglect of the disadvantaged must be countered through reforms prioritising public welfare over elite interests to create an equitable system. Read more on Substack
Macroprudential Tools: How They Help Prevent Financial Crises
Posted on August 4, 2023 Leave a Comment
Darren counters mainstream economist Ross Gittins’ critiques of Modern Monetary Theory, arguing financial crises stem from inadequate regulation, not tenets of MMT. He highlights the crucial role of macroprudential tools and oversight in preventing instability while emphasizing the need for nuance in assessing economic ideas. Read more on Substack
Darren Quinn 