@bvst7dxxpk@dodona777#MMT explains how fed govt spending on welfare - & everything else - results in the creation of brand new $$$. And tax $$$ paid to the govt are destroyed. As the monopoly issuer of Australian $$$ our govt has no financial constraints. It is only a matter of political priorities.
This moment passed without fanfare.
A new peak for renewable energy generation happened on Tuesday when 73.87% of our electricity nationwide was delivered by renewables.
2 things are true.
1) This record will soon be broken again.
2) It will weirdly upset people.
Just as everyone was knocking off for Xmas, the Australian Government approved a massive new gas field that will provide free gas to notorious tax cheats Shell, and add half a BILLION tonnes of emissions to our atmosphere. 🧵👇1/5
https://t.co/AOcAzNoslo
"Across the board, we found almost no effect of government spending on inflation. For example, in our benchmark specification, we found that a 10 percent increase in government spending led to an 8 basis point *decline* in inflation." https://t.co/ccHPBzuhNU #ejmr#econtwitter
This is huge. This is absolutely monumental. We just shut down an event honoring Exxon CEO Darren Woods. The whole room fled. We showed up & prevented this monster from uttering a word. We will resist him with all we've got. There is no choice.
This week's @CheeseMacro podcast episode featuring @FadhelKaboub, Associate Professor of Economics @DenisonU and President of @GISP_Tweets, will be released on Sat, Dec 9 @ 8 AM EST. Listen @ https://t.co/RN1O8TbCMc
Governments under #capitalism immiserate workers through #austerity, keeping us desperate & dependent on a wage that profits the 1%. #UniversalBasicServices would break this model & set the #workingclass free. @jasonhickel
Full ep: https://t.co/59VQot6HZf
https://t.co/cubM61RgbP
#BREAKING: A Tiwi Traditional Owner has won his bid for an urgent injunction to prevent Santos from beginning work to lay an export pipeline for its Barossa Gas Project.
More to come!
I am thrilled to share this policy report "Just Transition: A Climate, Energy and Development Vision for Africa." I had the privilege of co-authoring this report with a group of independent experts, chaired by Dr. Youba Sokona (Vice Chair, IPCC).
https://t.co/85NGxNNKx2
@DanielBleakley@jeromelaxale Plus Lab has history in directly funding housing, it’s what Lab Gvt’s did in the past (look up Dept Housing & Construction)
@DanielBleakley as yr a listener of @ProfSteveKeen u’ll also recognise no need 2 fund as per options @MChandlerMather lists, in spending Fed Gvt creates $$
The gas lobby called for more public subsidies at its annual shindig this week (APPEA, representing Australia's most profitable sector) but why have their own financial reports disappeared? #whatsthescam
https://t.co/goDjxvY5aI
@ninaturner I agree w/ the intent of this Tweet but taxes do NOT fund spending on the federal level. It's critical that we refrain from using the "taxpayer $s" framing otherwise we are playing into the hands of the folks who will fight us tooth & nail from making these things a reality.
The complaints outline that Indigenous peoples have deep spiritual connections to the Tiwi Islands and Larrakia country, and the Santos project would disrupt their songlines, sacred sites and cultural practices.
https://t.co/Tonw71ReI1
We stand with Tiwi Island and Larrakia Traditional Owners who have lodged grievances against @ANZ_AU, @NAB, @Westpac, @CommBank and international banks for human rights violations by financing the dirty $4.7 billion @SantosLtd gas project.
https://t.co/xJiPAMFWJU