We need to shift our mindset from scarcity to abundance from "summary" of The Deficit Myth by Stephanie Kelton
The prevailing view is one of scarcity - scarcity of resources, of money, of opportunities. We are constantly told that there isn't enough to go around, that we must tighten our belts, make sacrifices, and accept limitations. This mindset shapes our understanding of the world and our place in it. It informs our decisions, our priorities, our actions. But what if we were to challenge this view of scarcity? What if we were to shift our mindset from scarcity to abundance? What if we were to see that there is actually plenty to go around, that resources are not fixed but can be created and shared? This shift in mindset has profound implications for how we approach issues like government spending, taxation, and public policy. When we view the world through a lens of abundance, we see that the constraints we thought were there are not as rigid as we once believed. We see that the government, as the issuer of the currency, has the power to create money and spend it into the economy. We see that the real limits are not financial but are instead tied to the availability of real resources - labor, materials, technology. This insight challenges the conventional wisdom that government spending must be constrained by the need to "balance the budget" or avoid "excessive" deficits. It opens up new possibilities for how we can address pressing social issues like poverty, unemployment, and climate change. It allows us to think creatively about how we can use government resources to invest in our communities, support our citizens, and build a more prosperous and sustainable future. Shifting our mindset from scarcity to abundance is not just a theoretical exercise. It is a practical imperative if we are to meet the challenges of the 21st century. It requires us to question old assumptions, to challenge the status quo, and to imagine new possibilities. It requires us to embrace a vision of a world where everyone has enough, where no one is left behind, where abundance is not a distant dream but a present reality.
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