The real voodoo is the national headfuck that austerity has caused. Working people don't want to spend or invest because nobody knows if there will be a safety net to catch them if it doesn't work out.

I've been clinging onto my savings for dear life the last few years. I wouldn't give a toss if they got wiped out by inflation if I could believe in earning them back again though.

Something is going to have to give eventually, either fiscal or monetary. I'm glad the Greens are talking about both because it will have to be addressed - it's just a question of whether that happens instead of a rightwing nightmare or after one. I personally don't want to have to wait until the mid 2030s to find out what is left to pick over.

Archive link for the Modern Monetary Theorists of us.

An interesting article. I hadn't heard of MMT before this. Well... at least not stated in such a way.

Spend too little while resources sit idle (unemployed workers, empty factories) and you condemn the economy to stagnation.

So is this suggesting that we should rapidly ramp up spending? And that will bring the unemployed back to work? I think that's rather simplistic, no? People are unemployed for a multitude of reasons, not simply that there isn't enough work to go around.