Deficit spending can address social and economic inequality from "summary" of The Deficit Myth by Stephanie Kelton
Deficit spending can play a vital role in addressing social and economic inequality. By understanding how our monetary system operates, we can see that the government has the power to spend money into existence. This means that the government can allocate resources to address pressing social issues without being constrained by tax revenue or borrowing. When the government engages in deficit spending to fund programs that benefit society, such as healthcare, education, or infrastructure, it can create jobs and stimulate economic growth. This not only helps to reduce unemployment and poverty but also boosts overall demand in the economy. By prioritizing policies that focus on improving the well-being of all citizens, deficit spending can be a powerful tool for reducing inequality. It is important to recognize that government deficits are not inh...
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