Unlock the Treasury door, Modern Monetary Theory has transformed the debate over government spending, writes Dan Murphy. When Treasurer Dominic Perrottet stole NSW public servants’ pay rises in 2020, he trotted out familiar lines. Government workers must “make sacrifices” for the “greater good”. Come the budget, while rebooting the economy required stimulus, it was important to maintain “discipline” and engage in “budget repair,” starting with…
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