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But Victor, how will you pay for it?

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A conversation with The New Liberal's Victor Kline about the influence of Modern Monetary Theory on TNL's policies

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But Victor, how will you pay for it?

Since its formation in 2019, TNL has made more of a mark on the Australian political landscape than, arguably, any new party since the formation of the Greens. Kline contends that the word "liberal" has been twisted into a misnomer by the Liberal Party of Australia, and that we need a new party that reflects the real meaning of the word.

Kline says that "We are our own party, but so far as it is helpful to fit us into political history, we are a cross between the economics of Menzies (real full employment and job security with investment in local business) and the social progressiveness and egalitarianism of Whitlam".

While the Menzies era is seen by many as a time of ultra conservatism, it was also a time of national prosperity, of large infrastructure projects, of affordable housing, of high home ownership and of virtually full employment.

Whitlam's era championed a host of public good policies: university studies with no cost to the user; the establishment of the Australia Council and a recognition that the arts are crucial to a healthy society; no fault divorce; equal pay for equal work; universal health cover; the Order of Australia replacing the British Honours system; the recognition and valuing that we are a multicultural society; a shift in Aboriginal affairs away from assimilation and toward self‐determination; and many more.

Can TNL emulate both of these?

Their policy platform is ambitious, and many of its planks would cost rather an enormous amount of money. So, Victor, how will you pay for it?

We'll explore this question and many more.

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Organiser Modern Money Australia Inc.

Organiser of But Victor, how will you pay for it?

Modern Money Australia is an organisation which exists to promote a better understanding of macroeconomics as described by Modern Monetary Theory. 

We aim to show that the policy space afforded by our monetary system for social and environmental justice is very much greater than the limits imposed by those who subscribe to classical macroeconomics.

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