Important facts

• The Australian Government is a monetary sovereign and as such it issues its own floating, non-convertible, fiat currency
• The Australian Government cannot be insolvent regarding liabilities (debts) issued in its own currency
• The Australian Government's spending is not constrained by tax receipts or borrowing
• Any Australian Government fiscal surplus (deficit) is exactly equal to the non-government fiscal deficit (surplus)
• The single biggest cause of unemployment is a lack of aggregate demand
• The economy can be actively managed to maintain and promote the well-being of all Australians
• Global warming is a real phenomenon and humankind's activities have contributed to it