Tag Archives: Economics

Tony Abbott and the debt ceiling playbook

The Government should be forced to specifically justify this, not to just sweep it under the carpet and allow it to go through in the appropriations because by convention the Opposition doesn’t oppose the appropriations. I think we do need to take a very, very seriously critical look at this question of the debt ceiling. [...]

Economic fallacies: debt

Following from the recent election, and all of the Tory hyperventilating about public debt, I thought I’d revisit an old post from another place that debunks some economic fallacies. The University of Newcastle has the excellent Centre of Full Employment and Equity, where William Vickery has an article called “Fifteen Fatal Fallacies Of Financial Fundamentalism” [...]