Ancient and Ice Cream Fan. Believes federal govt debt is not the same as household debt! Understands accounting.

Joined March 2009
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.
Money is created when government spends. Money is not the problem. The question is what we do with money and for whose benefit. Let's start with renewable energy, insulated homes, rent controls and council houses? Their economics has delivered poverty and billionaires. Enough!
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Monday October 26, 2026 644 #DeathsInCustody Hundreds of #MMIW #AboriginalLivesMatter #BlakLivesMatter 🖤 🖤 🖤 💔 🖤
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Sunday October 25, 2026 644 #DeathsInCustody Hundreds of #MMIW #AboriginalLivesMatter #BlakLivesMatter 🖤 🖤 🖤 💔 🖤
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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.
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Avis Williamson retweeted
Replying to @Evanshm
Tax liabilities are fundamental. Currencies are tax credits. Tax credits have no value without tax liabilities. If you can't follow this it's all too hard for you. ;)
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Friday October 23, 2026 644 #DeathsInCustody Hundreds of #MMIW #AboriginalLivesMatter #BlakLivesMatter 🖤 🖤 🖤 💔 🖤
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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... ;)
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Wednesday October 21, 2026 644 #DeathsInCustody Hundreds of #MMIW #AboriginalLivesMatter #BlakLivesMatter 🖤 🖤 🖤 💔 🖤
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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
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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
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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.
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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.
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Sunday October 18, 2026 644 #DeathsInCustody Hundreds of #MMIW #AboriginalLivesMatter #BlakLivesMatter 🖤 🖤 🖤 💔 🖤
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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
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