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@billyboy We do. An argument can be made it's been getting eroded due to our individual prosperity. The housing market is a good example where the welfare state has fundamentally failed to provide a minimum housing solution when bad times occur. Alternatively, with the IGR and the costs of...

@trevorjohnson33 He said a lot of waffle, but what he is advocating for is a strong welfare state to ensure a minimum standard of living coupled with a progressive tax system to fund it.

@supercow In your title you wrote "It's ridiculous that some people consider economics a "science" you dope. Then you went on some inane rant showing nfi what the RBA can and can't do. Then finishing it off again with just to reinforce your point.

@supercow You need to go back and read the definition of 'science.'