The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

The Deficit Myth

Modern Monetary Theory and the Birth of the People's Economy

2020 • 336 pages

Ratings25

Average rating4.1

15

THIS BOOK MADE MY HEAD EXPLODE. Apparently I had an incorrect understanding of the US federal deficit and it's a misunderstanding that is perpetuated by our politicians on both sides of the aisle.

I was thinking that the federal government had to manage its spending like a household when it most assuredly does not since, unlike a household, it issues its own currency.

If you haven't read this book and are interested in how money works you should read it ASAP. I'm going to go stare into the abyss. My brain feels broken in the best of ways

August 25, 2021