Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Monday, 28 June 2010
Banks tried to foist debt on Australia which Australian didn't need.
We all know that banks are into skullduggery. But this takes some beating: they tried to foist extra debt on Australia when Australia was running a surplus and happily paying off its national debt!!!!