Thanks for this. I have added it to my reading list. The book Diagrams & Dollars: Modern Money Illustrated, published in 2014, provides a brief and clear overview of MMT, Modern Monetary Theory. The review I wrote in 2015 reflects both my surprise and skepticism. See: https://urldefense.proofpoint.com/v2/url?u=https-3A__www.librarything.com_work_14987595_book_108872361&d=DwIFaQ&c=eLbWYnpnzycBCgmb7vCI4uqNEB9RSjOdn_5nBEmmeq0&r=HPo1IXYDhKClogP-UOpybo6Cfxxz-jIYBgjO2gOz4-A&m=tsoKyXOMc7MjGKyB0ZcNZoyOdbhAVYxDE2mXSxegCXs&s=qMqYQTTb5XcHycPVgfquenr-130DcziTQRGP7q6eUg4&e= It will be very interesting to see if this new book elicits more critical review of the theories, and how well MMT holds up to this scrutiny. Also, see: https://urldefense.proofpoint.com/v2/url?u=https-3A__en.wikipedia.org_wiki_Modern-5FMonetary-5FTheory&d=DwIFaQ&c=eLbWYnpnzycBCgmb7vCI4uqNEB9RSjOdn_5nBEmmeq0&r=HPo1IXYDhKClogP-UOpybo6Cfxxz-jIYBgjO2gOz4-A&m=tsoKyXOMc7MjGKyB0ZcNZoyOdbhAVYxDE2mXSxegCXs&s=miIcy10_Zh8EuGHqXsX_Ogn9VmdbWMR7k_CnL6Nx5cg&e= For an overview of MMT. Thanks, Lee Beaumont From: tree of knowledge system discussion <[log in to unmask]> On Behalf Of nysa71 Sent: Wednesday, July 1, 2020 12:43 PM To: [log in to unmask] Subject: The Deficit Myth Hello ToKers, I just wanted to recommend a book that recently came out called, The Deficit Myth <https://urldefense.proofpoint.com/v2/url?u=https-3A__stephaniekelton.com_book_&d=DwMFaQ&c=eLbWYnpnzycBCgmb7vCI4uqNEB9RSjOdn_5nBEmmeq0&r=HPo1IXYDhKClogP-UOpybo6Cfxxz-jIYBgjO2gOz4-A&m=jtg70zSgUH-QfesKJ0LJRA60hdmisq-T6_7FSA95bb4&s=WjaTtXvQ3fLYeOhclfKABd2dDPVNBaYMPHPQ6uz4qvs&e=> , by economics professor, Stephanie Kelton. Kelton is terrific. Even if you have no understanding of macroeconomics, Dr. Kelton writes succinctly and with clarity. If you're concerned about the macroeconomic context in which we see so many social and political woes --- and the means by which we go about remedying such a state of affairs ---- then this is the book for you. This can even be tied in with the ToK System: Are federal deficits / debt justified? When are they not? Is reducing federal deficits/debt simply for the sake of reducing them ever justified? Can federal deficits be used to optimize the behavioral investments of an entire nation? When and how is federal spending and taxation justified? Again, I couldn't recommend this book enough. <https://urldefense.proofpoint.com/v2/url?u=https-3A__s.yimg.com_nq_yemoji-5Fassets_latest_yemoji-5Fassets_1f642.png&d=DwIFaQ&c=eLbWYnpnzycBCgmb7vCI4uqNEB9RSjOdn_5nBEmmeq0&r=HPo1IXYDhKClogP-UOpybo6Cfxxz-jIYBgjO2gOz4-A&m=tsoKyXOMc7MjGKyB0ZcNZoyOdbhAVYxDE2mXSxegCXs&s=r3I5IupW0f7c1Af92PpxoB5LulEykMBPH7YjGPFbuAw&e= > Sincerely, Jason Bessey ############################ To unsubscribe from the TOK-SOCIETY-L list: write to: mailto:[log in to unmask] <mailto:mailto:[log in to unmask]> or click the following link: http://listserv.jmu.edu/cgi-bin/wa?SUBED1=TOK-SOCIETY-L <http://listserv.jmu.edu/cgi-bin/wa?SUBED1=TOK-SOCIETY-L&A=1> &A=1 ############################ To unsubscribe from the TOK-SOCIETY-L list: write to: mailto:[log in to unmask] or click the following link: http://listserv.jmu.edu/cgi-bin/wa?SUBED1=TOK-SOCIETY-L&A=1
