The deficit myth is holding back progress from "summary" of The Deficit Myth by Stephanie Kelton
The idea that deficits are a hindrance to progress is a pervasive myth that has been ingrained in our society for far too long. This myth has led to unnecessary austerity measures, budget cuts, and a general sense of fear and anxiety around government spending. In reality, deficits are not inherently bad. In fact, they can be necessary and even beneficial for a healthy economy. One of the key reasons why the deficit myth is holding back progress is because it limits our understanding of how the economy actually works. By focusing solely on deficits and debt, we overlook the bigger picture and fail to see the potential for growth and prosperity that exists when the government invests in its people and infrastructure. Furthermore, the deficit myth perpetuates the idea that government spending is akin ...
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