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Three Reasons to Read ‘The Deficit Myth’ — Joshua Kim

Summary:
Interesting from the perspective of effectiveness. Joshua Kim knew nothing of MMT before reading The Deficit Myth and apparently little training in economics or finance. He was under the illusion of the conventional view. The Deficit Myth convinced him of the major points regarding public finance and macroeconomics, but not with respect to the job guarantee. This is anecdotal evidence that making the argument for the MMT JG is a challenge. Maybe he should go on and read Pavlina Tchernova's new book, The Case for a Job Guarantee (2020). (It's already out of stock at the publisher's web site, so apparently demand exceeded supply expectations.) Short and worth a read.Insider Higher EducationThree Reasons to Read 'The Deficit Myth' Joshua Kim

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Interesting from the perspective of effectiveness. Joshua Kim knew nothing of MMT before reading The Deficit Myth and apparently little training in economics or finance. He was under the illusion of the conventional view.

The Deficit Myth convinced him of the major points regarding public finance and macroeconomics, but not with respect to the job guarantee. This is anecdotal evidence that making the argument for the MMT JG is a challenge. Maybe he should go on and read Pavlina Tchernova's new book, The Case for a Job Guarantee (2020). (It's already out of stock at the publisher's web site, so apparently demand exceeded supply expectations.)

Short and worth a read.

Insider Higher Education
Three Reasons to Read 'The Deficit Myth'

Joshua Kim
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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