Member Review
Review by
Chaitanyaa B, Reviewer
*** Special Thanks to Netgalley for providing me with a review copy in exchange for an honest review***
In this episode, my world view was turned on its head...
Friends, friends, friends.
Welcome back to Teatime Reading where there are books in progress. We are currently in the middle of a challenging moment with a global pandemic, a dangerous and uncertain economic predicament for millions, if not billions, of people, and political frustrations galore. After Senator Bernie Sanders failed to secure the Democratic nomination in the U.S., I wasn’t sure what the future of politics would be in my country.
Fortunately, I got to distract myself from the political horse-trading, and the frustrating federal response to the Coronavirus with Stephanie Kelton’s exceptional book The Deficit Myth. I’d heard Professor Kelton on the Hear the Bern podcast as well as on Nick Hanauer’s podcast Pitchfork Economics, but I wasn’t completely clear on the intricacies of Modern Monetary Theory, MMT.
As I made my way through The Deficit Myth, I had to stop numerous times, because it felt like my political and ideological underpinnings were being shaken at their cores. The idea that government spending should not be measured and debated in parallel with a family budget made sense to me, but I didn’t understand how. The revelations and explanations that there were inherent differences between currency users and currency creators were shocking at the extreme, and the subsequent bombshells about the fallacies that both progressive liberals and right-wing conservatives abide by in Congress and the Senate just blew my mind.
The Deficit Myth made Kelton’s case loud and clear, and it is a book that rewards attention and patience. It is a stunning book that pulled back the curtain on government, currency, and the true hope for our future economy and prosperity.
It is a book that has the potential to transform public opinion, if it is read. So, I tell you today, go and read The Deficit Myth.
It Changes Everything.
That’s all for Teatime Reading. Until next time, keep your bookmarks close.
Peace, Love, Pages.
In this episode, my world view was turned on its head...
Friends, friends, friends.
Welcome back to Teatime Reading where there are books in progress. We are currently in the middle of a challenging moment with a global pandemic, a dangerous and uncertain economic predicament for millions, if not billions, of people, and political frustrations galore. After Senator Bernie Sanders failed to secure the Democratic nomination in the U.S., I wasn’t sure what the future of politics would be in my country.
Fortunately, I got to distract myself from the political horse-trading, and the frustrating federal response to the Coronavirus with Stephanie Kelton’s exceptional book The Deficit Myth. I’d heard Professor Kelton on the Hear the Bern podcast as well as on Nick Hanauer’s podcast Pitchfork Economics, but I wasn’t completely clear on the intricacies of Modern Monetary Theory, MMT.
As I made my way through The Deficit Myth, I had to stop numerous times, because it felt like my political and ideological underpinnings were being shaken at their cores. The idea that government spending should not be measured and debated in parallel with a family budget made sense to me, but I didn’t understand how. The revelations and explanations that there were inherent differences between currency users and currency creators were shocking at the extreme, and the subsequent bombshells about the fallacies that both progressive liberals and right-wing conservatives abide by in Congress and the Senate just blew my mind.
The Deficit Myth made Kelton’s case loud and clear, and it is a book that rewards attention and patience. It is a stunning book that pulled back the curtain on government, currency, and the true hope for our future economy and prosperity.
It is a book that has the potential to transform public opinion, if it is read. So, I tell you today, go and read The Deficit Myth.
It Changes Everything.
That’s all for Teatime Reading. Until next time, keep your bookmarks close.
Peace, Love, Pages.
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