Modern Monetary Theory and the Birth of the People's Economy
Ratings30
Average rating4.2
I love talking with people about the policies I support: M4A, GND, UBI, universal pre-k, etc.. Inevitably, it always comes back to the thought-terminating cliché “but how are ya gonna pay forrr ittttttttt?” Before, I would wax poetic about taxing billionaires and cutting defense spending and the conversation would derail. This book will help you reset the way you think about “The National Debt.” The fear-mongering myths that the US government is “flat broke” or is “mortgaging our grandchildren's future” are just that: Myths. Modern Monetary Theory asserts that a government that has total control in printing their own currency (like the US, Canada, Japan, UK) cannot run out of money. We should not worry about the national debt because these types of governments should not be run like a household. Or, to put it more simply: Money isn't real. The stock market isn't real. “The national debt” isn't real. People dying from preventable illnesses is real. Homelessness is real. Childhood hunger is real. Human suffering is real. Let's solve real problems instead of bailing out the rich or bombing more countries. There is no excuse for solving these real problems beyond greed and selfishness. I recommend this book to anyone who is tired of hearing “But how are we going to payyy for it” When bringing up systemic solutions to the needless suffering of billions.
Highly Recommended