That isn’t the problem here; the resources in question are available for purchase in Australian dollars.
The problem we have, is that the private interests with money benefit from the current situation. They see no need to spend the money they have to solve the problem, because they don’t see it as a problem.
The grocery stores businesses and buildings already exist and can be purchased, by mandate if necessary; there is plenty of food grown, farmers want to sell it for decent conditions at a decent predictable price; there are plenty of people willing to work for a decent wage and decent conditions. Those people have debts for essential needs, they have bills to pay, they will not hoard the money they receive, they will spend that money back into circulation, to materially improve their lot. Creating money by paying for those, will not cause inflation.
And, as I pointed out, an effective way to combat the inflation drivers we have today, is to tax excess wealth (thereby removing outsized purchasing power from those who have no need of it). This creates space for those who need goods and services, to begin to afford to pay for them.
MMT. So while this is true you run the risk of runaway inflation, way worse then now.
hell, I’m all for it though.
You’re referring to the inflation that occurs when people with too much money want to pay, for resources that are not available to satisfy demand.
That isn’t the problem here; the resources in question are available for purchase in Australian dollars.
The problem we have, is that the private interests with money benefit from the current situation. They see no need to spend the money they have to solve the problem, because they don’t see it as a problem.
They don’t want to break the private monopolisation of grocery stores, nor improve the terrible deals that farmers get, nor improve the crappy conditions and wages of grocery workers. This is a problem of, partly, a collusion to extract and hoard wealth from the system instead of circulating money to those who have those resources to offer.
The grocery stores businesses and buildings already exist and can be purchased, by mandate if necessary; there is plenty of food grown, farmers want to sell it for decent conditions at a decent predictable price; there are plenty of people willing to work for a decent wage and decent conditions. Those people have debts for essential needs, they have bills to pay, they will not hoard the money they receive, they will spend that money back into circulation, to materially improve their lot. Creating money by paying for those, will not cause inflation.
And, as I pointed out, an effective way to combat the inflation drivers we have today, is to tax excess wealth (thereby removing outsized purchasing power from those who have no need of it). This creates space for those who need goods and services, to begin to afford to pay for them.