Debt update, page-64

I'm quite interested t see that the entire conversation is about debt. The Australian government is not a household. They can create money without incurring debt, and, as long as it doesn't cause inflation, it does no harm. Borrowing $ at effectively no interest is a similar outcome.

The capitalist system we currently live in requires constant growth to continue. There will be no growth this year, or next. So how does that work? Answer: It doesn't. The world will change forever after this pandemic. The money borrowed at minimal interest is not a burden going forward. Not stimulating the economy WOULD be a burden going forward. A big one.

Let's hope we don't go back to the same ugly solutions that have been not working for decades. As an indicator, if the ultra wealthy are getting richer, while the underprivileged suffer more, in a pandemic, the systems have failed badly. They need to change.