To those who are unfamiliar with'Money Heist';a group breaks into the Bank of Spain not to steal the money already in the vaults ,but to print new Euros . The leader of this gang calls himself 'the Professor ' .

In this scene the Professor explains to the chief 'inspector of the case 'stimulus ' or 'liquidity injections' better than any economist . https://www.youtube.com/watch?v=59xjFfSFYZw

This is a case of art imitating life . Or maybe it is life imitating art .

https://www.cnet.com/personal-financ...-second-check/

Or maybe it is a comedy based on the US economy

https://www.aph.gov.au/About_Parliam...p-sum_payments


What was the Aussie liquidity injection ? $8.8 billion ? Just like the US ,the Aussies create money that doesn't exist and expects future generations to pay for it .

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Originally Posted by tomder55

https://www.aph.gov.au/About_Parliam...p-sum_payments


What was the Aussie liquidity injection ? $8.8 billion ? Just like the US ,the Aussies create money that doesn't exist and expects future generations to pay for it .

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a mere $8.8 billion has you exasperated, but you need to understand the difference between a $ sign and a % sign. we have just taken a leaf out of the US book and decided that debt is great, but unlike you we have a heart and no one goes hungry or without medical care. Watch this space because the tap will be turned off soon, before it reaches 50% of GDP. you really must keep up Tom the real bill is more than $8.8 billion

https://blog.grattan.edu.au/2020/04/...-in-the-world/

back to the days of the banana republic and the recession we really didn't need to have

and I'm sure none of that money will be going to rent seeking corporations under the guise of helping the worker or some other sort of bleeding heart cliché .

What? what are you talking about? rent moratoriums and eviction moratoriums are in place, actually the money you complained about went to people like me, pensioners, and I used it to pay for a cataract operation, you could call my doctor a rent seeker

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Originally Posted by tomder55

and I'm sure none of that money will be going to rent seeking corporations under the guise of helping the worker or some other sort of bleeding heart cliché .

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I'm sure the banks are getting fees from that PPE money they funnel to the best and biggest customers. Look at the list of recipients and you tell me.

This is a better movie Tom. Bankers are illusionists.

Tal I'll add it to my list .

Clete . You got the crumbs that they left for the pigeons .

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Originally Posted by tomder55

Tal I'll add it to my list .

Clete . You got the crumbs that they left for the pigeons .

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No Tom you just don't understand the concept

Tom understands the supply side economy rather well Clete, and the skimming off the top as it trickles down.

yes tal so do I, but in times of rising unemployment the tide must be stemmed

Care to share?

unfortunately, CV-19 response in lockdown at government direction has created a recession, therefore the government has responsibility to ease the pain inflicted on the community. One of the impacts is rising unemployment thus lower economic activity, the recovery must be supported

What bugs me is the piecemeal short term fixes, since it would seem prudent and more efficient to see this as a longer term disaster than we have so far. It's already been 6 months here and the problem is still growing which, incompetence aside indicates at least a year, maybe two of stagnant economic activity. That's a lot of sickness and death ahead, and little or no mitigation. Everybody is waiting for the quick easy fix, and not considering adjustments to weather a storm with no end in sight. Even where they have done great at slowing the spread of the virus, they still face the challenge of rebuilding and recovery while it is still very much present and active.

I agree government, no matter what ideological label you put on it, will be greatly pressed to live up to it's responsibility to it's people. Say good bye to what was normal though. That no longer applies.

Agreed, we are in a new era