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Economic Reform Australia 

for a just and sustainable society

working for a just and
sustainable society

Could anything be more insane than for the human race to die out because we “couldn’t afford” to save ourselves?
John Hotson, co-founder of the
Committee on Monetary and Economic Reform

As if there was need for any more evidence, with the $trillions currently being spent into the economy by governments around the world. Yes, sovereign currency governments do that by legislative fiat and it is time to finally draw the veil on the misconceptions and deceit befuddling this issue. Here in Australia government money creation is simply a policy decision for allocating resources and social entitlements within society.

No future generations burdened with debt, nothing to pay back!

The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy: Kelton, Stephanie: BooksIn the recent seminar organised by the New Approaches to Economic Challenges (NAEC) initiative within the OECD Professor Stephanie Kelton makes a compelling argument drawing from her latest book, “The Deficit Myth”. Chapter 3 is available online: The National Debt (that Isn’t).

The full recording can be found here on the OECD website.

Listen to an interview in June 2020 between Alan Kohler and Stephanie Kelton.

Economic Reform Australia has no party political affiliation. Our goal is to promote debate amongst decision makers and the wider community about the economic foundations for a financially stable society based on social justice and ecological sustainability.

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The ERA Review is our bi-monthly journal, bringing together a range of articles from contributors in Australia and around the world.

Check out our latest ERA Review here for a list of recent articles as well as links to past editions. While many articles are written on topical issues, revisiting past contributions can also be most instructive.

We are affiliated with Rethinking Economics Australia, part of an international movement advocating for a thorough review and overhaul of the economics curriculum taught in universities around the world.

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