Kudos to the Australian contingent getting this sketch on The Weekly. Can’t see the BBC doing something like this - either about MMT or a decent comedy show.
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Why do those people who agitate for a fixed exchange rate between currencies also advocate for a floating rate between government bonds and the currency?
If a move between bonds and currency needs to be discouraged by a floating rate, then why doesn’t a move between a local currency and a foreign currency need to be discouraged by a floating rate?
If the Euro is such a great idea across such a wide area, why aren’t Eurozone government bonds payable at par on demand at any bank in the Eurozone?
[ This blog post was cross-posted from the blog at Software Freedom Conservancy where I work. ]
I've been concerned this week about aggressive negative reaction (by some) to the formation of an additional organization to serve the Free and Open Source (FOSS) community. Thus it seems like a good moment to remind everyone why we all benefit when we welcome newcomer organizations in FOSS.
The epidemic, and the lockdown responses to it, have shifted the ground for great numbers of students. School closures meant a vast number of families suddenly had to do home-schooling and distance education. University closures have driven students online, even more than they were before. With social distancing, peer groups have been disbanded and many of the opportunities for informal learning have gone.
In a recent conversation with a non-Australian it struck me that people don’t know what a Ute is. It is a small utility truck. Basically a car with the back end replaced by a tray. They are incredibly useful and much loved in Outback Australia.
There is a house …