A FREE webinar brought to you by DEAs Healthy Investment Group.
Tuesday 17th November @7:30 PM AEDT
Modern Monetary Theory (MMT) challenges the deficit myth and offers a different way of thinking about government spending and the economy. It argues that governments such as Australia’s, which issue their own currency, do not need to balance their budgets like households. Rather than focusing on reducing deficits and public debt, governments should focus on balancing the economy: ensuring resources are used effectively, supporting full employment, improving social wellbeing and investing in essential infrastructure. This does not mean governments can spend without limits. Their capacity to spend is constrained by the real resources available, including workers, skills, technology and natural resources. Excessive spending can fuel inflation, while production and consumption can also exceed ecological limits. From an MMT perspective, the central question is therefore not whether the government can afford to spend, but whether its spending serves the public interest without creating inflation or environmental harm.
Presenters:
Steven Hail is one of Australia’s leading modern monetary theory economists, and has given seminars on modern money at the Department of Prime Minister and Cabinet in Canberra, for the Economics Society of Australia, and for ANZ Bank, among many others. He is an Associate Professor and Program Director at Torrens University, having previously been a Lecturer in the School of Economics at the University of Adelaide. He has also been a Lecturer in the School of Business Economics at Flinders University, and a Visiting Lecturer at the International Graduate School of Management at the University of South Australia. Steven also has extensive experience training banking and financial service professionals in the United Kingdom, including staff from the Bank of England.
Gabrielle Bond is the CEO of Modern Money Lab. An experienced administrator, climate activist and organiser, Gabrielle is a member of Extinction Rebellion and a co-founder of the Sustainable Prosperity Action Group. She is also a former professional musician and has worked for many years in the environment and conservation sector.
Facilitator:
Dr Rob Ferris: chair of DEAs Healthy Investment group, SA committee member and retired forensic psychiatrist.
Full Details and Book here: https://dea.supporterhub.net.au/events/modern-monetary-theory