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Why the Government Loves Red Ink—and Your Rising Home Value

∙ 22 min read Public
in Opinion

Money is just an IOU, so every federal surplus must come from our pockets. Modern Monetary Theory (MMT) shows why Canberra keeps the budget in the red and nudges house prices ever higher to shore up stamp duty, CGT and land-tax flows. Here’s how it works.

Government loves debt and spending - getting the balance right is the trick
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