Employment
“What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence.” David Graeber, Debt: The First 5,000 …
The post Don’t let the black hole debt doomsters suck us in with their lies. Enough is enough. appeared first on The Gower Initiative for Modern Money Studies.
Modern money and inflation Asad Zaman Milton Friedman was a powerful magician. His words charmed people into believing that night was day, against the evidence…
The post Modern money and inflation first appeared on Economic Reform Australia.When Labor leader Anthony Albanese couldn’t say whether the unemployment rate was 5% or 4% on Monday, he might have had a point.
It’s 4%. But for a decade – the entire decade leading up to COVID – it never strayed too far from five-point-something per cent.
Melbourne University labour market specialist Jeff Borland points out that in March 2010, Australia’s unemployment rate was 5.4%. Ten years later, before COVID changed things in March 2020, it was 5.3%.