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Real and immediate pressures on psychiatry services and those who work in them : Comments
By Peter Baume, published 21/1/2015The only way to avoid risk completely is to lock people up alone for a long time - and that kind of risk-averse behaviour has its own problems.
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I, like you and one of the Roy and HG duo, was in the audience of John Ralston Saul's talk in 1999 at University of NSW. Modern Monetary Theory (MMT) now really explains the situation of a currency issuing (Sovereign) government. Australia is nowhere near at full employment and the SG could use an effective Loans Council to fund the substantial improvements that you see as necessary, among the many other things that could be achieved.
Australia's principal problem is the current account situation. In years to come, under present policies, Australia will not be able to afford the import of all our white and electronic goods and transport needs such as cars, buses, trucks and rail rolling stock. From memory you were a wet liberal and we need people who understand the options available. One interesting book I suggest is Professor Mariana Mazzucato's, The Entrepreneurial State.
The other thing worth understanding is the concept of fiscal space as explained by Dr Stephanie Kelton (now Chief Economic Adviser to the minority in the US Senate) in her address in late 2013 to the Toronto, Canada, Fields Institute.