An economic recovery program to follow economic rescue measures
The Reserve Bank of Australia should consider buying "zero coupon perpetual bonds" from our federal and state governments over the next two years. This is, in effect, a no-interest and non-repayable loan from the Reserve Bank to fund public works while the economy is sub-par.
It could fund a capital spending surge over two to three years for constructing social housing, schools, hospitals, roads and railways. This increase in the money supply and public spending would underpin the private sector’s recovery.
“Competent government is a beautiful thing to
behold. So much militates against it“… in modern-day Australia.
“Politics also offers a venue for the playing out
of ancient tribal bonds. Large minorities will ally themselves with a political
party for life – although today this attachment is diminishing. The bond is
visceral and not compromised by poor performance, corruption and mediocre
Putting the focus back on "common good solutions"
that the majority of the community support, via inclusion and evidence-based
policies, rather than political party dictate or individual ego drive is what
If we measure democracy
by whether living standards are improving, then it has failed us in the last
decade. Lots of solutions are being proposed. Some are about reform of the
instruments of democracy, such as codes of conduct for politicians. Others are about
increasing participation by we the people in democracy through things like
citizen’s assemblies. They’re all good but they wouldn’t help reverse the
decline in our quality of life. To do that, we need a well thought out long
term plan. Now there is a way to build that together. See how at https://johnmenadue.com/our-democracy-is-broken-but-it-can-be-fixed/
“How we can restore hope, rebuild trust and inspire
"…If we dare to dream of a more loving country – kinder,
more compassionate, more cooperative, more respectful, more inclusive, more
egalitarian, more harmonious, less cynical – there’s only one way to start turning
the dream into reality: each of us must live as if this is already that
country. If enough of us live like that
- and in turn, demand our elected representatives embrace those same
values and aspirations – change will come. Revolutions never start at the top.”