Book: 20260524 to 20260611, The Deficit Myth by Stephanie Kelton
20260525 - Introduction to the Paperback Edition xi The solution is obvious: the economy desperately needs more fiscal support. p. xv Not just that. When factories all locked down, there were not enough goods produced. Thee goods in warehouses were close to exhausted. MMT doesn't tell us what we should do. It shows us what we can do. p xx Good point. 20260525 - Introduction: Bumper Sticker Shock 1 But evidence of overspending is inflation, and most of the time deficits are too small, not too big. p9 Inflation could be delayed by other countries' "oversea currency reserve". Without the protection of tariff, MMT doesn't work. 20260527 - 1 Don't Think of a Household 15 That can help manage inflationary pressures, by balancing the strain on our economy's real productive capacity. p33 Why does government tax normal people? To reduce the pressure of inflation. Why does government tax rich people more? To redistribute wealth from the rich to the poo...