“Agnotology – the study of culturally induced ignorance or doubt”
What happened to the surplus?
Remember that? It was sooooo important it trumped everything else. As a country, we had to be careful not to spend too much on education, health, public transport, employment, social housing or we would run out of money. It was something we were always reaching for but never attained.
We had the need for all those important services. We even had the resources. But sadly didn’t have the money. Which is strange because creation of money is an easy thing for a Federal government to do as the Covid-19 crisis has shown. Our media stars like Leigh Sales were never stuck for a question when they could ask: “Where will the money come from?” This passed for cutting edge journalism. No-one betrayed the secret.
My name is Warren Ross and I am a freelance writer and community organiser with a longstanding interest in finance and economics. For 25 years, I worked as an information, business and database analyst for leading Australian financial organisations in Sydney. In part, I have created this site to save myself from repeating the same posts and arguments over and over again in reply to questions raised on social media. I am not an economist and other than the simple introductory concepts raised in this blog will refer to the relevant experts beyond that point. (see Vital Videos).
A firm believer in community action, I was both director and committee member, for many years, of one of Australia’s largest community events – the Katoomba Winter Magic Festival, managed a local exchange trading system, am a board member of a local NDIS provider and am currently working in health care.