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Created
Thu, 23/02/2023 - 15:33
The mainstream press is now seeing through the Reserve Bank of Australia’s behaviour, which I take as a sign of progress. For example, there was an article on the ABC News Site yesterday – Reserve Bank accused of ‘economic gaslighting’ as wages growth misses forecasts, again. I noted yesterday that the latest evidence contradicts the RBA’s claims that wages are growing too fast and provide it with a rationale for further interest rate increases, despite the inflation rate falling over the last several months, and real wages declining by more than has ever been recorded. Last week, the RBA Governor and his staff appeared before a parliamentary committee to justify thee rate hikes. We learn a lot from the session – none of it good. The basic conclusion is that the RBA thinks they can hoodwink our politicians into believing that their is a ‘technical authority’ based in statistics for their actions, when in fact, no such authority exists.
William Mitchell — Modern Monetary Theory
RBA appeal to NAIRU authority is a fraud
Created
Thu, 23/02/2023 - 13:38
The mainstream press is now seeing through the Reserve Bank of Australia’s behaviour, which I take as a sign of progress. For example, there was an article on the ABC News Site yesterday – Reserve Bank accused of ‘economic gaslighting’ as wages growth misses forecasts, again. I noted yesterday that the latest evidence contradicts the…
Created
Thu, 23/02/2023 - 12:00
I’m just going to leave that here for you to contemplate. He’s lying. We are not looking at insolvency. The shortfall we are facing is largely because of the big bulge of the baby boom coming on line. It is easily fixed if they will just do what’s necessary to lift the cap. Mike Pence will never be president. But he is speaking for Republicans, even if they’ve been admonished not to say it out loud as long as Dear Leader is still in charge. They will never stop believing that those programs must be destroyed. It’s fundamental Republican ideology.
Created
Thu, 23/02/2023 - 10:53
Right-winger now backs Starmer and despatched by Starmer to veto left-wing candidates Labour right-winger and national executive (NEC) member Luke Akehurst has admitted on camera to being one of an unspecified number of people who spent Jeremy Corbyn’s leadership of the Labour party working ‘inside the party’ ‘trying to get rid’ of him: The clip […]
Created
Thu, 23/02/2023 - 10:30
Jack Smith subpoenas the spawn and her hubby The NY Times reports: Former President Donald J. Trump’s daughter Ivanka and his son-in-law Jared Kushner have been subpoenaed by the special counsel to testify before a federal grand jury about Mr. Trump’s efforts to stay in power after he lost the 2020 election and his role in a pro-Trump mob’s attack on the Capitol on Jan. 6, 2021, according to two people briefed on the matter. The decision by the special counsel, Jack Smith, to subpoena Ms. Trump and Mr. Kushner underscores how deeply into Mr. Trump’s inner circle Mr. Smith is reaching, and is the latest sign that no potential high-level witness is off limits. The disclosure about the subpoena comes two weeks after it was revealed that Mr. Smith had subpoenaed former Vice President Mike Pence to testify before the grand jury. Mr. Pence plans to fight the subpoena, invoking his role as the president of the Senate to argue that it violates the “speech or debate” clause of the Constitution. It is unclear whether Mr. Trump will seek to block Ms. Trump and Mr.
Created
Thu, 23/02/2023 - 09:32
Preparation time: 20 min. Creamed dishes can be elegant and economical. This cream sauce, made with milk and broth, is a perfect complement for ham and hard-cooked eggs. Spoon over steaming old-fashioned cornbread. For 4 servings you will need:1 cup diced, cooked ham2 Tbsp. all-purpose flour2 Tbsp. butter or margarine⅔ cup warm milk⅓ cup chicken […]