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#monetary

5 posts2 participants0 posts today
Continued thread

Day 22 💰💰💰🏡⚠️

“At the time, the International #Monetary #Fund (#IMF) had just released a staff report on Australia's economy which contained this graph of Australian house prices. It shows how #PropertyPrice #inflation had really accelerated in the early 2000s (in real terms, once inflation had been taken into account), which explains why people were so worried.

The index of real property prices in major #Australian #cities jumped by 46 per cent between 2000 and 2003. (Source: International Monetary Fund, Australia, Staff Report for the 2003 Article IV Consultation, September 3, 2003.) In its report, the IMF noted that investor demand was contributing to the property price increases. It said that was understandable, because the expected returns on housing were far outstripping returns on other assets in Australia in the early 2000s.”

"Consequently, by the end of 2002, investor housing accounted for 30 per cent of the stock of housing loans, compared to 18 per cent a decade ago,"

Australians are being played for mugs by the *Investor Class.*

#AusPol / #LNP / #Liberal / #Nationals / #Labor / #HousingCrisis <abc.net.au/news/2025-04-20/whe> / Original transcript <pmtranscripts.pmc.gov.au/relea>

Right this minute, Elon #Musk and the #Trump administration are trying to subject America to a rapid program of 💥destructive austerity.

There is no one better to discuss the economic implications of this than the economist and professor #Stephanie #Kelton.

A former chief economist to the Senate Budget Committee and economic advisor to Bernie Sanders’ presidential campaigns,
Kelton is the author of
“The Deficit Myth,”
the book that catapulted the ideas of #Modern #Monetary #Theory into the mainstream.

Much of Kelton’s career has been spent on dismantling the intellectual underpinnings of the idea that the government cannot afford to help us all.

I spoke to her about the Republican economic agenda, inflation, crypto, Donald Trump’s inexplicable beliefs, and what the feckless Democrats should be doing now.

Our conversation, lightly edited for length and clarity, is below.

hamiltonnolan.com/p/stephanie-

How Things Work · Stephanie Kelton on the Disastrous Republican Economic AgendaBy Hamilton Nolan

#Colonialism is still a thing, rather we call it #imperialism, #neocolonialism or global neoliberal #capitalism.

CaspianReport: *France secretly owns 14 countries*

"Using the #CFA franc system, #France controls the #monetary sovereignty of 14 nations, making up nearly 200 million people."

youtube.com/watch?app=desktop&

Update: todon.nl/@joenepraat/113708686