Search found 2343 matches

by Mickey_Raider
March 5, 2021, 10:52 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

To be fair, you're of the opinion the Government should just *checks notes* "print more money" to handle all of our financial woes, so I highly doubt you're in a position to argue which political party does a better job managing the economy. Lazy and reductionist comment which indicates t...
by Mickey_Raider
March 5, 2021, 10:17 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Not only that but you haven’t even attempted to address any of my points and have essentially resorted to an ad hominem attack.
by Mickey_Raider
March 5, 2021, 10:14 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Of course there is influence. I just believe it is far less than Labor would have us believe. The reason I believe this is that in an age of limitless access to partisan media, people are more than at any point in modern history simply consuming media that reconfirms their own views. I used the fee...
by Mickey_Raider
March 5, 2021, 10:10 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

The point of contention is whether the funds that have been created are associated with debt (such as a bond) or whether they just appear on the government's account ledger It is the latter. The funds are essentially created by keystroke and credited to the participating reserve accounts at the RBA...
by Mickey_Raider
March 5, 2021, 10:01 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Why stop at full employment though? If you're running with this flavour of economics then we may as well create enough money to build every homeless person a house, build national infrastructure for electric vehicles, kit out the Defence force with state of the art capability and give everyone a $1...
by Mickey_Raider
March 5, 2021, 9:29 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I will also add that I believe that Labor will be winning the next election as a minority government.

Labor will flip porters seat, the seat of boothby and a couple others in QLD, Tasmania and WA.
by Mickey_Raider
March 5, 2021, 9:23 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Of course there is influence. I just believe it is far less than Labor would have us believe. The reason I believe this is that in an age of limitless access to partisan media, people are more than at any point in modern history simply consuming media that reconfirms their own views. I used the fee...
by Mickey_Raider
March 4, 2021, 8:43 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

The MMT theory is obviously building momentum in some quarters, but there are still a lot of hairs on implementing something like this, including putting adequate controls or limits in place, as well as implementing a guaranteed employment program to manage wage growth and to control inflation. Cen...
by Mickey_Raider
March 3, 2021, 8:03 pm
Forum: Current Affairs
Topic: Where do you get your news from?
Replies: 26
Views: 445

Re: Where do you get your news from?

I watch sky after dark far more than any other news source, mostly for data gathering purposes. No one can accuse me of being stuck in a lefty echo chamber. I have a very firm grasp of the right wing formula they run back each and every night. And I disagree with the lions share of it each and every...
by Mickey_Raider
March 2, 2021, 1:22 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

You’ve spent several posts with weasel words to avoid answering the question. Safe to say then that you think the majority of Australians take their info from right leaning sources then? I think that's nothing more than an age demographic question though. Because i think you can pretty cut that dow...
by Mickey_Raider
March 2, 2021, 1:08 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

A stunningly strong and resilient economy, world-best or near world-best response to COVID 19...what issues do you think Australians vote on??? I mean, fair enough on the COVID front, notwithstanding the pretty real question of state v federal and how much proportional credit the latter should get ...
by Mickey_Raider
March 2, 2021, 11:34 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I want to know at what point “Labor’s messaging” or “Albos cut through” stops being the determinative factor in federal elections and the main question goes to what exactly are the achievements of this succession of LNP governments over the last 8 years apart from being constantly plagued by corrup...
by Mickey_Raider
March 1, 2021, 10:10 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I want to know at what point “Labor’s messaging” or “Albos cut through” stops being the determinative factor in federal elections and the main question goes to what exactly are the achievements of this succession of LNP governments over the last 8 years apart from being constantly plagued by corrup...
by Mickey_Raider
March 1, 2021, 7:30 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I want to know at what point “Labor’s messaging” or “Albos cut through” stops being the determinative factor in federal elections and the main question goes to what exactly are the achievements of this succession of LNP governments over the last 8 years apart from being constantly plagued by corrupt...
by Mickey_Raider
March 1, 2021, 12:36 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

https://www.smh.com.au/business/the-economy/the-real-reason-to-worry-about-mmt-is-not-the-theory-but-the-practice-20210228-p576fs.html?fbclid=IwAR2ZMLDv99n2m_99etOMdl_X3I9HRfpHPcUO4KOSesB78bhvrMjnR5-zaYA Gittins joins the likes of Garnaut, Kohler et al in endorsing the delightfully monikered Mickeyn...
by Mickey_Raider
February 25, 2021, 9:13 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

ALP have a messaging problem. They have, frankly, a piss poor leader who you'd be forgiven if you forgot his name. The country needs to push forward with some progressive policies and we need an ALP governement to do that. I find these sort of comments from the commentariat interesting. I find them...
by Mickey_Raider
February 25, 2021, 12:37 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

https://www.abc.net.au/news/2021-02-25/ross-garnaut-economists-unemployment-rba-government-critique/13186724 This is a great article which provides further insight into my recent macroeconomics dissertations on this thread. Pay particular attention to the destructive, neoliberal mythical construct o...
by Mickey_Raider
February 25, 2021, 11:07 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I don't think that Facebook are innocent in all of this. They've set their platform up to make news feeds an integral part of the experience, and they certainly benefit from it. While it's an n=1, my use of Facebook has significantly reduced since they canned news articles. I probably spend about a...
by Mickey_Raider
February 22, 2021, 8:50 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Yes big tech and their nefarious algorithms may be unhealthy but my contempt for Rupert Murdoch simply cannot be surpassed.

I find it really hard to support any cause which assists him.

To that end...carry on.
by Mickey_Raider
February 12, 2021, 12:56 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Uh oh.

Detective Peta Credlin has already begun production on her next groundbreaking documentary into this outbreak. Keen to find out whether she uncovers some more Labor incompetence.
by Mickey_Raider
February 11, 2021, 4:49 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I have a feeling the conviction will fall about half a dozen votes short...I think a few more Republicans will come to the table. For the 40-50 Republicans who will vote to acquit, could you be any more of a Trump cuck? Like imagine you're cowering in the Senate chamber, fearing for your life, with ...
by Mickey_Raider
February 11, 2021, 4:45 pm
Forum: Current Affairs
Topic: Climate change
Replies: 444
Views: 48951

Re: Climate change

First time reading this thread... In regards to coal, it is so blindingly obvious where the industry is headed. Libs know it, Greens know, Labor knows it, the banks know it, Matt Canavan knows it. At this stage it is all about who can create the best narrative for protecting jobs, all the while (alb...
by Mickey_Raider
February 5, 2021, 9:05 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

There are cases in history where that has happened, where government spending was out of control, butget deficits were exploding, inflation was rampant, there were perpetual devalutations, and that country's monetary and governmental system has collapsed, along with living standards. I'm not sugges...
by Mickey_Raider
February 5, 2021, 8:38 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

You seem to be conflating the Reserve Bank with Government. In economic terms they are different entities. The RBA is a financial institution, engaging in financing transactions. The Government doesn’t determine the official cash rate, the RBA does (effectively through its market operations). If go...
by Mickey_Raider
February 5, 2021, 8:07 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I think in general there is a divergence between us in that you believe that our money system is controlled exogenously, when I have to stress that it simply isn't. It may have been way back when; before our dollar was floated in 1983.
by Mickey_Raider
February 5, 2021, 7:37 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Yes, central banks can effectively “print money”... though they don’t actually do that. They impact the liquidity of the financial system through their market operations, so as to establish the basic price of money (the official interest rate). They can do that through leveraging their balance shee...
by Mickey_Raider
February 5, 2021, 5:39 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

https://www.google.com.au/amp/s/amp.news.com.au/finance/economy/australian-economy/rba-boss-philip-lowe-on-how-he-can-print-money-out-of-thin-air/news-story/ac8db88678ae9392a68be844528f13ec Asked to explain where the RBA got its money from, Dr Lowe explained he could create it “out of thin air.” “Th...
by Mickey_Raider
February 5, 2021, 2:25 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

https://twitter.com/RBAInfo/status/1357170095840198659?s=20 This is a short little video published by the RBA itself yesterday which explains how bonds are issued. Please note the part about the RBA purchasing bonds in order to control interest rates (monetary policy) - it does this by simply credit...
by Mickey_Raider
January 15, 2021, 1:46 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

A quote from Voltaire springs to mind with the cult of Trump. "Those who can make you believe absurdities can make you commit atrocities." This. I was trying to get to the bottom of all this and I have diagnosed it as epistomological fallibilism. Attack the institutions, attack the media,...
by Mickey_Raider
January 14, 2021, 8:51 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

As the House is controlled by the Democrats, the House vote was always going to be a fait accompli to impeach. Therefore the House Republicans probably felt they could take the politically expedient route of just saying Nay as their vote wouldn't determine the outcome in any case. In this way they c...
by Mickey_Raider
January 7, 2021, 8:33 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

I am no expert in the US Civil Code, but I am finding it very hard to see why Trump and his cronies shouldn't be locked up for 20 years for seditious conspiracy. At a minimum, Rudy Giuliani should be in huge trouble. How can you stand within 2 miles of the Capitol prior to a march to same and declar...
by Mickey_Raider
January 7, 2021, 5:04 pm
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

This however is pretty amazing. To be fair I’m actually impressed with the fact no real force was used. I’d expected more from both sides. https://twitter.com/igorbobic/status/1346911809274478594?s=21 Man, that video sent chills down my spine. Yeah that was insane. Could’ve easily gone another way....
by Mickey_Raider
January 7, 2021, 11:50 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

Edit - Fui that Twitter handle doesn’t match well the content. That guy very confused? Yeah I thought the same when I saw it. It’s actually not Joe Biden has a complicated history with his race politics His remarks around the time it was being drafted and his role in the 94 crime bill, which has be...
by Mickey_Raider
January 7, 2021, 10:48 am
Forum: Current Affairs
Topic: The Politics Thread 2021
Replies: 579
Views: 12981

Re: The Politics Thread 2021

For me the most worrying thing is there are still a not-insignificant number of Trump apologists out there, marinating in their social media ecosystem which is nothing more than a farcical echo-chamber of baseless propaganda. They genuinely, wholeheartedly believe that they are the true patriots and...
by Mickey_Raider
January 4, 2021, 2:53 pm
Forum: Current Affairs
Topic: Coronavirus
Replies: 2259
Views: 135394

Re: Coronavirus

Yeah, that NSW situation sure got out of hand pretty quickly, didn't it? So-called Gold Standard indeed... Agreed Nickman. It sure made sense to shut the borders straight away to the entire state of NSW (cough, WA, cough). It’s easy to scoff at preventative measures. There’s a big difference betwee...