THE DEFICIT MYTH
https://books.apple.com/us/book/the-deficit-myth/id1462923369
Discussion
TABS ( OLD thinking )
tax & borrow to be able to spend
STABS ( MMT thinking )
spending, then mitigate by taxing & borrowing
MMT = 1st spend = GOVTs
build all the hospitals that nations need
build all the universities that nations need
( 1st spend then tax & borrowing )
( not tax and borrowing to build )
MMT = describes currency as a public monopoly
BLAIR - FIX ( political economist ) TORONTO
investigated what the trustworthy CPI number is
see in the graph how gasoline affected CPI
( bc of COVID. no one was using cars )
check this out
the Chicago Plan. IMF working paper
average Household =
- non-constrained household
- constrained household ( has debt / pays rent )
economists sometimes ignore the distinction between non-produced assets
natural assets = land / natural energy / electromagnetic
produced assets = machines / buildings
just 6 pages ( read it )
solution = BITCOIN
now: BITCOIN WOODS