The Deficit Myth by Stephanie Kelton. It explains Modern Monetary Theory in a way that doesn't give you tired head like most economics texts. A key takeaway from MMT is that all the hysteria about the national deficit and debt is nothing to worry about at all, and is (surprise!) just political theater used to slash social programs and push privatization.
I don't know about MMT, but the deficit is most definitely deliberately engineered. The same people complaining about it started it with tax cuts and increased spending, and their solution is not to cut that spending, not to adjust those tax cuts they implemented, but to cut back on government spending on things they have a bee in their bonnet about. Its obviously engineered so they can use it as a cudgel against any public spending.
The Deficit Myth by Stephanie Kelton. It explains Modern Monetary Theory in a way that doesn't give you tired head like most economics texts. A key takeaway from MMT is that all the hysteria about the national deficit and debt is nothing to worry about at all, and is (surprise!) just political theater used to slash social programs and push privatization.
I don't know about MMT, but the deficit is most definitely deliberately engineered. The same people complaining about it started it with tax cuts and increased spending, and their solution is not to cut that spending, not to adjust those tax cuts they implemented, but to cut back on government spending on things they have a bee in their bonnet about. Its obviously engineered so they can use it as a cudgel against any public spending.