First Nations people issued a letter to all Australians, called ‘statement from the heart’. They asked to be recognised in the constitution. In a national vote the people of Australia overwhelmingly rejected them. #TheVoice For those who never bothered reading it before voting, here it is…
If you are a disheartened Australian, do not let this backward step live long in your heart. Tomorrow the sun will rise and you will have another opportunity to push toward a better tomorrow.
#Referendum2023#VoiceToParliament#IVotedYes
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6) Central banks use of interest rates as a tool to regulate the #economy only serves to suffocate the low and middle class leading to #recession
I guess I better talk to my MP to get this all sorted out, right?
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Great episode @ProfSteveKeen! My take away:
1) #Inflation is the struggle over the distribution of income & is largely caused by wage growth, productivity, & business markups.
2) Markups are the only factor not scrutinised or even recorded! https://t.co/l2pLEfht6H
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5) Monetary policy (#InterestRates) will not address the cause of this inflation, fiscal policy needs to address markups (first step would be to begin recording markups).
@ProfSteveKeen, how do you recommend regular Australian citizens communicate with their elected government representatives to move away from harmful and destructive neoclassical economics?
@StevenHailAus who is advising them? I am always hearing from experts on the radio or on the news about deficits and debt. and I am always having to search you and @ProfSteveKeen for your opinion as they clearly don't understand what is going on.
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