Stephenie Kelton’s book The DEFICIT MYTH, Modern Monetary Theory and the Birth of the People’s Economy explodes the economic myths that have been dictating the U.S. economy for generations. The title speaks for itself and I could not recommend a more timely read to understand and explore a new approach for our economy to serve the needs of this generation. Kelton’s explodes time honored “bromides:” “We can’t afford it, We are mortgaging our children’s future, SS will go broke,” ” If our generation continues to use the wrong lens, we will not make the right investments at the scale and pace needed to avert ever greater social and ecological crises.”
Kelton’s Modern Monetary Theory pushes the envelope of economic thought and the book is even more appropriate during the current pandemic and economic disaster. Kelton advances MMT as new wave problem solving that ironically has its roots in 1936 with John Maynard Keynes. A perfect read for the time for those who are looking for answers beyond the myths of current economic thinking.
This is an A List recommendation from GGR.