I can't fully put into words what it feels like when you see people who have taken a course you designed running a workshop better than you could have done it yourself.
I will have to make do with "magnificent".
It was a wonderful experience watching Modern Money Lab/Torrens University students and graduates James Rosier, Katy Swain, Joseph Hateley, John Haly and Fred Stuart, alongside two other excellent speakers, presenting at the Public Money, Public Good workshop at the Torrens campus in Sydney today.
There are lots of ways people can join the movement for a paradigm shift - among them, developing a further depth of knowledge and getting qualified to be even more credible in debates and when communicating generally.
We aren't going to stop.
But the old misleading narrative, which is weaponised too often by people who should know far better, in government, opposition and the media, keeps on rolling on.
So we can't stop.
Our students and graduates are writing on-line, in newspapers and magazines, and in some cases in journals.
They are running events, conferences, lobbying and offering advice and consultancy.
It is not as though there is no progress being made.
And so we go on.
Tomorrow, some of our students are running an event in Sydney.
Next month, I will be in Auckland and Dunedin.
In June, we will be in Brighton, Stockholm and Brussels, and perhaps Durham.
Even people who seem to get it when you are talking to them slip back into their comfortable but misleading old ways, next time you hear them on the radio or see them on television.
and I realise most of my colleagues in the economics profession, and those they advise in the media and government, have learned nothing.
I occasionally think by now the message is getting across and we can back off, where the monetary system is concerned. Then I read or hear the same old nonsense about budgets, inflation and interest rates all over again,
An outstanding piece of writing by Modern Money Lab's Susan Borden, inspired by Adam Smith (and a little bit by Jason Furman).
On the Wealth of Nations
open.substack.com/pub/susanbor...
This half-day April workshop in Dunedin will be based on discussions led by economists Associate Professor Steven Hail and Morgan Edwards, author of the New Economic Management Substack. The focus will be on #MMT and economics and well-being in New Zealand.
events.humanitix.com/anti-austeri...
This half-day April workshop in Auckland will be based on discussions led by economists Associate Professor Steven Hail and Morgan Edwards, author of the New Economic Management Substack. The focus will be on #MMT and economics and well-being in New Zealand.
events.humanitix.com/anti-austeri...
For Swedish speakers, www.mmtforsverige.se/post/en-nati...
The event itself will be in English.
All are welcome!
And people can still train in the approach to economics which is explored in the movie, with Modern Money Lab.
We need a lot more of us to train and gain credentials, as there are still very many (too many) of them in economics and politics and not enough (not nearly enough) of us.
Two years on, the documentary is every bit as relevant today as it was then, and can now be seen on line, either free or for a very low rental charge, depending on where you are.
It doesn't seem like two years since we toured Finding the Money to packed houses in Adelaide, Melboune, Sydney, Brisbane and Canberra, with Maren Poitras and Stephanie Kelton, with Maren also going to Hobart.
We would love to see you at the Torrens University Australia campus in Sydney, in Foveaux Street, near Central Station, if you are in New South Wales and can come along, on Saturday 14th March.
Steven will be in the audience, as will Gabrielle Bond.
Come and say hello!
Off to NZ in April, so I wrote a short (and not uncontroversial) piece. It was not supposed to advocate for growth for the sake of growth, but was supposed to be anti-austerity.
Written (almost entirely) before Trump's latest madness.
www.interest.co.nz/economy/1374...
Sydney Saturday 14th March! A fresh look at modern economic policy, debunking cruel austerity regimes and putting wellbeing and the planet first.
PMPG advocates for a real-world understanding of money: how we can afford a better world now, and why we must demand it.
events.humanitix.com/pmpg-syd26
Our students never cease to amaze us - especially Darren.
Soft Launch: MMT President Simulator (Standard Edition) - MMT President Simulator - Standard Edition
dquinn03.itch.io/mmt-presiden...
You are giving them credit for getting full marks from a bunch of neoliberals when they don't need to borrow foreign currency anyway, so don't need the rating.
Buckle up.
p.s. Australia's national credit rating from the big private agencies really doesn't matter, and yes we can prove it. Please friends stop giving the ALP credit for AAA status.
a resolutely 1990s central bank, and behind all that Professor Holden and others cheering it on. Where will it end?
If we are not lucky, and Australia is often 'lucky' given its immense (if abused) natural resources, it will end up with Pauline Hanson and Barnaby Joyce at the wheel.
Many of us are taking more time on international political economy now than here in Australia, as we have a misleading narrative, perpetuated by a government with no viable opposition, a largely non-thinking economics profession,
and when there are no significant signs of demand-side inflation, and your knee-jerk reaction is higher rates (thanks, RBA - have you learned nothing yet?) and 'tough' decisions on spending (thanks ALP - have you no conception?), then despair is the obvious reaction.
But when a major factor in driving up the CPI is essentially administrative decisions which have been made relating to electricity pricing, when real wages are actually falling,
There was so much to admire in the newly appointed Jim Chalmers, even if his framing of macroeconomic policy and view of the relationship between the federal government and its central bank was not what I would have liked.
But if we are now going to see an ALP Government reverting towards austerity and deliberately creating unemployment because of taking advice from that kind of economist then I am going to finally start losing hope that the ALP can ever be saved from neoliberalism.
Nothing personal against Richard Holden, although my first ever article in The Conversation was a necessary rebuttal to something he had written.
