11.2 C
Byron Shire
May 15, 2021

Economic cog what thingamy?

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Bluesfest announces October dates for 2021 festival

After two disappointing cancelations of their event, Bluesfest has announced that they will hold the 2021 festival over the...

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Any questions?

‘This is a great chance for foodies to ask me anything they want’, says local chef Darren Robertson, who...

School Strike for Climate next Friday

Next Friday from 10am Byron Shire students will be demanding political action on the climate emergency in what they and their supporters say is our present, future and reality. 

Go straight to the source on the Future Water Project

Rous County Council has announced a series of information days to be held this month where the community can ‘drop in’ and find out more about the revised draft Future Water Project 2060.

Bluesfest announces October dates for 2021 festival

After two disappointing cancelations of their event, Bluesfest has announced that they will hold the 2021 festival over the...

Interview with Bob Vegas

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Remembering Bentley

Saturday 15 May is the seventh anniversary of Victory Day at the historic Bentley Blockade, just west of Lismore.

Sapoty Brook, Main Arm

I apologise for boring the economic cognoscenti, but I experienced a light bulb moment recently when hearing the clear distinction that a national economy is not bound by the same rules as a household!

Besides the fact that a national economy can, to some degree, adjust interest rates, there is also the well known option to ‘print money’ (do not try this at home). In other words, a national economy can increase or decrease the money supply, which is known as a monetary policy.

Fiscal conservatives and neocons may have uncontrolled bowel movements when exposed to this option. But a few decades ago it was a commonly accepted economic tool.

Increasing the money supply tends to increase inflation, which is something we could, in moderation, benefit from right now. When an economy is paralytic, like ours at present, increasing the money supply can feed activity.

But moving beyond the money mentality, we could see this need to build the money supply as a wonderful opportunity for government investment to dramatically expand Australia’s renewable energy supply and storage.

Tic tok, tic tok, climate emergency, it must be time for an Extinction Rebellion.

This year is our last chance, and it’s only the head count that politicians respond to.


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