For years now, I have been a zealous shouter about the MMT insights Stephanie Kelton describes with such clarity, wit, and authority. Just about through my first pass through her amazing book, The Deficit Myth, and will no doubt be sharing more thoughts in coming days.
This is imo the most important book to be published in recent years. Its insights have been called Copernican (by Kelton herself–and she’s right).
This passage right here is about as important a paragraph as any of us are likely to come across. Read, re-read, mull it over. Tell your friends. Order Kelton’s book.
It’s OUR FUCKING MONEY.