Summary:
Stephanie Kelton would probably have done some things differently, but she couldn’t have asked for a better political and economic backdrop for her new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. While the book is structured as a rebuttal to common misconceptions held by politicians and the general public about government finance, it is ultimately a plea to use permanent wartime mobilization for civilian ends.….Actually, the US has been on a permanent wartime economy of sorts since WWII with respect to the MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex*)Barron'sThe Case for Permanent Wartime EconomicsMatthew C. Kleinhttps://www.barrons.com/articles/the-case-for-permanent-wartime-economics-51591355446*h/t
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Stephanie Kelton would probably have done some things differently, but she couldn’t have asked for a better political and economic backdrop for her new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. While the book is structured as a rebuttal to common misconceptions held by politicians and the general public about government finance, it is ultimately a plea to use permanent wartime mobilization for civilian ends.….Actually, the US has been on a permanent wartime economy of sorts since WWII with respect to the MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex*)Barron'sThe Case for Permanent Wartime EconomicsMatthew C. Kleinhttps://www.barrons.com/articles/the-case-for-permanent-wartime-economics-51591355446*h/t
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Merijn T. Knibbe writes Argentina bucks the trend. Vitamin A deficiencies are increasing
Mike Norman writes Wishful Thinking
Michael Hudson writes The Revolt of the Working Class: What Trump’s 2024 Win Reveals About American Discontent
Thomas Piketty writes Unite France and Germany to save Europe
Stephanie Kelton would probably have done some things differently, but she couldn’t have asked for a better political and economic backdrop for her new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. While the book is structured as a rebuttal to common misconceptions held by politicians and the general public about government finance, it is ultimately a plea to use permanent wartime mobilization for civilian ends.….
Actually, the US has been on a permanent wartime economy of sorts since WWII with respect to the MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex*)
The Case for Permanent Wartime Economics
Matthew C. Klein
https://www.barrons.com/articles/the-case-for-permanent-wartime-economics-51591355446
*h/t Ray McGovern