JDMMT

“MYTH #3: One way or another, we’re all on the hook. REALITY: The national debt poses no financial burden whatsoever.”
― Stephanie Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

“It comes out as “bring back manufacturing jobs” or “make America great again.” But it’s really about replacing the lost sense of job security and what a middle-income job was once able to provide.”
― Stephanie Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

“business cycles and depressions stem from disturbances generated in the market by monetary intervention. The monetary theory holds that money and credit-expansion, launched by the banking system, causes booms and busts.”
― Murray N. Rothbard, America's Great Depression

“The government doesn’t want dollars,” Mosler explained. “It wants something else.” “What does it want?” I asked. “It wants to provision itself,” he replied. “The tax isn’t there to raise money. It’s there to get people working and producing things for the government.”
― Stephanie Kelton, The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy