How can we be the largest gas exporter and receive minimal royalties compared to Qatar's 76 billion a year and Norway's 13 billion a year? The royalties we are missing out on could make us one of the richest countries in the World. How did this happen? The irony of this matter is that we give gas miners over half a billion dollars in substitutes. This is madness.
He ignores the massive amounts of debt taken out and then redeployed into the economy. Fiscal stimulus was one thing, sure that can be saved or debt paid down. However where is the acknowledgment of access to money supply through borrowing that gets shunted round the economy? He's missed the other side of government spending as a part of AD.
Somehow you missed the part where he said rasing interest rates was a bad idea because people need to borrow money to build new solutions to the problems that last minute supply chains caused. You're (I suspect purposefully) conflating the stimulus payments to individuals with high interest rates hurting business.
@@attilajuhasz2526 I was referring to current inflation, which is caused by currency devaluation, and only exacerbated by supply/demand and competition issues. Government policy determines the former, and has almost no control over the latter.
@@jinnantonix4570I agree with you except for the part that the government has almost no control of the latter. Largely the supply issues were caused by goverment policies to shut off borders, trade routes, reducing 40% of the workforce as "non-essential", engaging in wars. You can agree or disagree that was the right thing to do in light of the pandemic, however, those policy responses most certainly were contributors to the current inflation.
@@zen1647Generally yes, in the current period no. The Reserve Bank of Australia's balance sheet expanded from 170B in January 2020 to 630B in January 2022 largely to provide stimulus to the economy due to impacts of the reasons I listed in my previous comment. This is signficant, about the same size as the entire federal budget pre pandemic.
Excellent discussion. Thank you both. ⭐️⭐️⭐️⭐️⭐️ 47:45
How can we be the largest gas exporter and receive minimal royalties compared to Qatar's 76 billion a year and Norway's 13 billion a year? The royalties we are missing out on could make us one of the richest countries in the World. How did this happen? The irony of this matter is that we give gas miners over half a billion dollars in substitutes. This is madness.
Australia standard of living is going down because of the Ponzi economics (house and holes)
🫡give some respect to this man for raising such issues
Detective of Money Politics is following this very informative content cheers VK3GFS and 73s Frank
He ignores the massive amounts of debt taken out and then redeployed into the economy. Fiscal stimulus was one thing, sure that can be saved or debt paid down. However where is the acknowledgment of access to money supply through borrowing that gets shunted round the economy? He's missed the other side of government spending as a part of AD.
Somehow you missed the part where he said rasing interest rates was a bad idea because people need to borrow money to build new solutions to the problems that last minute supply chains caused. You're (I suspect purposefully) conflating the stimulus payments to individuals with high interest rates hurting business.
He fails to mention the primary cause of inflation which is devaluation of currency from printing money.
Sure.
But this lecture is about negating the recent spike of price rises, not the inflationary effect of printing fiat currency over the long term.
@@attilajuhasz2526 I was referring to current inflation, which is caused by currency devaluation, and only exacerbated by supply/demand and competition issues. Government policy determines the former, and has almost no control over the latter.
@@jinnantonix4570I agree with you except for the part that the government has almost no control of the latter. Largely the supply issues were caused by goverment policies to shut off borders, trade routes, reducing 40% of the workforce as "non-essential", engaging in wars. You can agree or disagree that was the right thing to do in light of the pandemic, however, those policy responses most certainly were contributors to the current inflation.
Don't listen to all those crypto bros. Printing money in major countries is miniscule compared to the size of the economy.
@@zen1647Generally yes, in the current period no. The Reserve Bank of Australia's balance sheet expanded from 170B in January 2020 to 630B in January 2022 largely to provide stimulus to the economy due to impacts of the reasons I listed in my previous comment. This is signficant, about the same size as the entire federal budget pre pandemic.
Mate please 😑
I cannot take any man seriously who thinks Kamala is a great and honest polititian
Tax .everything as high as possible and give the money to the most unproductive people in the country
What? Why? You like what we already do but just want more of it?
@@Tasmantor no being sarcastic
propadees and bureoucrats?
First problem is the welcome to country.
Well now we've pushed through that trial what's the next problem?