Bazz,
Silencing ex public servants wouldn't help. This site is full of idiots with similar views to him, and most have never worked in the public service.

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Hasbeen,
Greece and Spain had the problem of being unable to get more credit. Australia owns the Reserve Bank so is totally immune to that problem.

Stop pretending we're a poor country.

So Australia owns the Reserve Bank, does that mean we can just output
pixel money until the cows come home ?

The massive increases in education spending over the last 30 years have only resulted in dumbing down the population. When gw passes for science, sexualising kids means anti bullying and teachers wages have increased dramatically for no net gain to continue is just silly. Having Pollies cry over people with disabilities just follows those who cried over the state of aboriginal communities. The more money spent the worse the situation. Labour/Greens and now the Turnbull Government have set up grandkids up for much pain.

Bazz,
Sort of. We can always create money when we need it.

And contrary to popular belief, doing so will NOT result in hyperinflation; that only happens to countries that have fixed currencies (or in rare cases, to countries that have to make large foreign currency repayments and/or don't have an effective taxation system and/or are blockaded).

However, normal inflation is still a concern. Though government spending is no more inflationary than private spending, too much spending does result in too much inflation. So don't EVER make the mistake of assuming I'm saying we can spend as much as we like without consequences! There are always consequences, and I'm happy to discuss them.

But most people on this board, and quite a lot of politicians, aren't interested in the real consequences. Stirring up fear of events that are actually totally impossible is a much more effective tool for getting the public to support policies that adversely impact both them and future generations.

@Alan B I think you have say it all and i agree with your opinion.

@Bazz i do reads to your opinion but do think the ban can be 100% achieved?