Turning the economic tide: could a radical monetary theory fix Australia's woes?

Bill Mitchell, the leading Australian proponent of modern monetary theory, argues that governments should abandon their obsession with budget surpluses Another week and another glut of evidence that the Australian economy is flatlining. Growth figures showed that households have stopped spending and that the economy is being propped up by a few government projects. The next day, retail sales growth came in at exactly 0%, showing that consumers have taken the Coalition's tax cuts and used them to...