Darren Quinn

Australia has Monetary Sovereignty. We issue our own currency; we can never "run out" of money. But that doesn't mean we have Economic Independence.
If global supply chains break, you can't eat a spreadsheet surplus.
Tomorrow, we break down the difference.
Subscribe to get it first 👇 buff.ly/JhVrvKg

We call ourselves the "Smart Country," yet our top 3 exports are Iron Ore, Coal, and Gas.

We aren't selling our intelligence; we are selling our dirt.

It is time to close the gap between what we know (Research) and what we do (Dig).

👇 buff.ly/8xSUkNo

Smart Country, Vulnerable Economy The Translation Problem

Why doesn't excellent research lead to excellent policy in Australia?

We have a "Translation Gap."

We don't need to get "smarter." We need to fix the bridge between what we know and what we do.

Here is the blueprint 👇 buff.ly/B9p8SgI #auspol

Do the buttons on the calculator feel like religious dogma?
Or can you see innumerable (pardon the pun) ways to use them, dogmatically and otherwise?

Check the current economic narratives, see if they feel like dogma.

It does not say just create money. Never has, never will and that would ignore endogenous processes and endogenous money (mostly bank money).

That's not what it says at all. It is a detailed examination of the operations of how money is created by the Nation State and Banks and how it flows throughout the economy and how it is destroyed. From this process it offers some insights on what can be done that is not usually offered.

All institutions are contested. I'd only say the implicit contestation of money is overlooked by those who only give conventional accounts a surface read.

Sane Economics as opposed to #neoliberal #capitalism you mean.

It does not surprise me that we are likely working in parallel.

How Deep Do Buffer Stocks Go? Student Seminar

"... which seeks to understand money and accounting as instruments of coordination..."

It looks like this intersects with my work. Watch darrenquinn.substack.com/p/how-deep-d... to see more.

That said, I have a lot of MotL to catch-up on.

I admit to not having read this yet, but I agree with the sentiment.

Smart Country, Vulnerable Economy The Translation Problem

We invented Wi-Fi, but our policymakers still talk like we are a "banana republic" living beyond our means.
We have world-class scientists screaming about climate adaptation, while our institutions pretend disasters are just "bad luck."
It isn't incompetence; it’s a systemic trap. 👇 buff.ly/ziDVBHq

Turns out it was 19 hours, but not long now :)

Approx 20 hours time I respond: open.substack.com/pub/darrenqu... #MMT

Modern Money Matters | Darren Quinn | Substack The economy isn't broken; it's fixed. Darren Quinn reveals the hidden mechanics of money, inflation, and power—and the MMT-informed policies we need to build a just society. Click to read Modern Money...

Or if you prefer an Australian version darrenquinn.substack.com
If you want it simple, start with MMT for the Rest of Us

Just doing this in the hopes that @zackpolanski.bsky.social does see it.

Or you could just pay interest on reserves and never issue any more securities. No more debt.

Quickest way to get rid of national/government debt is to name it something else. Not satisfied with that? Don’t let any government agency issue securities or be named after any agency (only CBs issue & don’t call them Treasuries). Again no more debt.

Pet peeve/bugbear: calling any abbreviation an acronym. Acronyms form words like SCUBA, SWAT.
If you want to call it an abbreviation or initialism, by all means!

I find them great as accessibility tools for myself. And not having to track down experts in their fields who never respond to emails. Guardian Australia, Crikey! and the Fabians are already good at never responding to emails, especially pitch emails sent to correct addresses.

Smart Country, Vulnerable Economy The Translation Problem

Australia ranks #3 in the world for research complexity.

Yet our economy is structurally fragile, with a 217% private debt overhang.

We are a research powerhouse trapped inside a quarry. Why doesn't our brilliance translate to resilience?

The "Translation Problem" explained 👇 buff.ly/sxfpDNB

How Smart Countries Build Dumb Export Structures The China Dependency Nobody Talks About

We have the scientists. We have the engineers. We have the resources.

We don't have a capability problem. We have a political problem. #complexity #auspol

How we bridge the "Translation Gap" and reclaim our #sovereignty 👇 buff.ly/huQBEjF

How Smart Countries Build Dumb Export Structures The China Dependency Nobody Talks About

We let our economy become a "quarry with a university attached."

We dig up the rocks, ship them to China, and buy back the finished goods.

When #trade tensions rise, we have nowhere to hide.

Stop the denial. Read the reality check 👇 buff.ly/erUaLK0 #auspol

How Smart Countries Build Dumb Export Structures The China Dependency Nobody Talks About

ICYMI: Australia ranks #3 globally for research complexity. We invented Wi-Fi.

Yet our export profile looks like a developing nation: 55% rocks and gas.

How does a "smart country" build such a dumb export structure?

The full detective story 👇 buff.ly/2WP2pig #auspol

Friday Fightback: When Austerity Makes the Weather Deadlier Disaster by Design

The #disaster doesn't start when the #rain falls. It starts when the #budget is cut.

Every #flood or #fire is a test of who gets #protected and who gets #abandoned.

Our #vulnerability isn't about what we know. It is about what governments #refuse to build.

Disaster by Design 👇 buff.ly/shOdHfm

Friday Fightback: When Austerity Makes the Weather Deadlier Disaster by Design

"Resilience" has become code for "You are on your own."

Politicians cut budgets, ignore warnings, and then rely on your GoFundMe donations when disaster strikes.

Stop calling it "nature's fury." It is #Class War by Weather Report.

The fightback starts here 👇 buff.ly/nwhmyT6 #auspol

Friday Fightback: When Austerity Makes the Weather Deadlier Disaster by Design

We have world-class climate data. We knew the Black Summer fires were coming. Yet they cost us $4.6bn in lost GDP.

Why? Because technical knowledge cannot fix an economic structure built on neglect.

Austerity is expensive. Here is the cost of "saving money" on survival 👇 buff.ly/VnAEtOC

The Sectoral Balances Reality Check Why Foreign Desire for Australian Assets Isn't the Problem

There is a "zombie idea" in Australian politics that the government should run a surplus to "save for a rainy day."

The "Deficit" isn't a burden; it is the money supply in your bank account. The math they hide from you 👇 buff.ly/4dPCYsi #zombie #budget #auspol

The Sectoral Balances Reality Check Why Foreign Desire for Australian Assets Isn't the Problem

You cannot have a government surplus without forcing the private sector (us) into #deficit.

Every time a politician brags about "balancing the books," they are bragging about #draining your savings account.

Stop letting them frame your #poverty as their success.

👇 buff.ly/UKL4lYr