Australia Economist Steve Keen to Run for Parliament, Pursue MMT
- Keen wants to revive ex-PM Robert Menzies’ economic golden era
- Would seek lower house prices, central bank digital currency
Parliament House in Canberra, Australia.
Photographer: Rohan Thomson/BloombergThis article is for subscribers only.
Australian economist Steve Keen plans to run for parliament in next year’s election, campaigning for a radical reshaping of the nation’s economy that would be financed through Modern Monetary Theory.
Keen will be a senate candidate for the New Liberals and says he wants to revive the economic golden era of Robert Menzies, who was prime minister for a record stint from 1949-1966. The present ruling Liberal Party, originally founded by Menzies, is now dominated by “reactionaries” and is a shadow of its former self, Keen said this week.