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A review by campbelltaral
The Deficit Myth by Stephanie Kelton
informative
medium-paced
5.0
Added to my To Buy, Already Read list. I'd heard about Modern Monetary Theory on a podcast with the author and I'm so glad I checked out her book.
Premise: We the people must stop viewing the US Federal government in the same lense we use for our individual, business, city, county, and state budgets. The US is a fiat system, it issues currency, and therefore cannot run out. Our currency does not have a material dependency. Taxes only serve to keep inflation in check. The book dives deep into the way government money works and it's worth everyone's time to read.
Premise: We the people must stop viewing the US Federal government in the same lense we use for our individual, business, city, county, and state budgets. The US is a fiat system, it issues currency, and therefore cannot run out. Our currency does not have a material dependency. Taxes only serve to keep inflation in check. The book dives deep into the way government money works and it's worth everyone's time to read.