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Economic Ideology versus Everyday Reality
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Past and present federal treasurers voluntarily shackle themselves in the imaginary debt dungeon. We'd be happy to let them rot there, except they force the rest of us to suffer the real consequences of their flagellating fantasies. And so the current Australian Labor government refuses to spend enough to create the jobs that would lift all people out of poverty.How shall we free ourselves? Perhaps we could follow the example of lifelong "student" of economics, Wayne McMillan, who recounts his journey through the thickets of mainstream (orthodox) to a more enlightened (heterodox) understanding of the economy.Show NotesModern Monetary Theory: Snake Oil or Showing how to Fund a Good Society?An Evening with Wayne McMillan, Economic Reform Australia, and Frank Stilwell, Political Economy, University of SydneyOct 19, 2021Radical economics: The Political Economy dispute at Sydney Universityby ABC RN, 1 Sep 2013 CreditsTheme music:One in Ten by UB40St. Germain by Alice Ivyhttps://orangefreesounds.com/quiz-show-background-music-loop/The song is permitted for non-commercial use under license “Attribution-NonCommercial 4.0 International (CC BY-NC 4.0)”https://freesound.org/people/snaginneb/sounds/120591/This work is licensed under the Attribution 3.0 License.https://orangefreesounds.com/whip-sound-effect/The sound effect is permitted for commercial use under license Creative Commons Attribution 4.0 International License
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