Spending on vital programs can stimulate economic growth from "summary" of The Deficit Myth by Stephanie Kelton
It is a common misconception that government spending should be constrained by the amount of revenue it collects. The truth is that a government that issues its own currency can never "run out of money" in the same way that a household or business can. In fact, the federal government has the power to spend as much as it deems necessary to achieve its policy objectives, regardless of its revenue. When the government spends on vital programs such as healthcare, education, infrastructure, and green energy initiatives, it not only improves the lives of its citizens but also stimulates economic growth. This is because government spending injects money into the economy, creating jobs and increasing demand for goods and services. As a result, businesses see increased profits, leading to further inve...
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