Is the Magic Money Tree Real?

“For a very long time we've had a view that finance is a scarce resource.”

“What we have is this belief that the Government is just like a household and it could run out of money.”

“There appears to be no limit to the private financial sector’s ability to layer up more debt.”

“Politicians are scared to death of inflation… politically, it is a huge issue.”

“We argue we should focus on resource availability and the public purpose.”

“The economy decides what the deficit will be – it takes two to tango.”