Day after day, year after year, we are told we need to balance our budgets. There are three ways we can do this. The first is reduce our expenditures; the second is to increase our income, and the third is to reduce the cost of transferring money and use the savings to balance the budget.
The largest variable costs in running the economy are the cost of using money with interest and the cost of inflation. We can remove these costs by using money with zero interest. We give investors a return on their savings by paying them back more over a longer period. With no interest money, our debt does not compound. The cost of Capital Works reduces by half.
It is remarkably easy to change to no interest money because we can do it one loan at a time.
What it means for the ACT is that we can afford to build hospitals, schools, Light Rail, more roads, more footpaths and cycleways. What it means for the Federal Government is that we can afford to compensate coal companies for closing mines, and we can afford to build as much renewable energy capacity as we can use.