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A book you should read

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This is a book you should read.

Stephanie Kelton explains economics from the standpoint of Modern Monetary Theory and her own inside experiences with U.S. Senators.

She provides you with some her own take about why Congress refuses to acknowledge its unlimited ability to create dollars, and pay for benefits.

The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

While “the DEFICIT MYTH” is not exactly on point with Monetary Sovereignty, the fundamentals are the same (the federal government’s infinite ability to pay for things and the need for federal “debt”). The book is an easy, enjoyable read.

No economics gobbledygook.

You’ll be able to see how her explanations for the causes of inflation and the need for federal taxes differ from those of Monetary Sovereignty. Read her book, and then we can discuss it from the standpoints of the differences and the similarities.

I recommend it to you. I also recommend it especially to your Congressional representatives, who would do well to learn the facts. After you read it, make a difference in the world by sending a copy to your most intelligent Congressperson.

It’s available on Amazon. Enjoy.

Rodger Malcolm Mitchell

Monetary Sovereignty Twitter: @rodgermitchell Search #monetarysovereignty Facebook: Rodger Malcolm Mitchell …………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..

THE SOLE PURPOSE OF GOVERNMENT IS TO IMPROVE AND PROTECT THE LIVES OF THE PEOPLE.

The most important problems in economics involve:

  1. Monetary Sovereignty describes money creation and destruction.
  2. Gap Psychology describes the common desire to distance oneself from those “below” in any socio-economic ranking, and to come nearer those “above.” The socio-economic distance is referred to as “The Gap.”

Wide Gaps negatively affect poverty, health and longevity, education, housing, law and crime, war, leadership, ownership, bigotry, supply and demand, taxation, GDP, international relations, scientific advancement, the environment, human motivation and well-being, and virtually every other issue in economics. Implementation of Monetary Sovereignty and The Ten Steps To Prosperity can grow the economy and narrow the Gaps:

Ten Steps To Prosperity:

1. Eliminate FICA

2. Federally funded Medicare — parts A, B & D, plus long-term care — for everyone

3. Social Security for all or a reverse income tax

4. Free education (including post-grad) for everyone

5. Salary for attending school

6. Eliminate federal taxes on business

7. Increase the standard income tax deduction, annually. 

8. Tax the very rich (the “.1%”) more, with higher progressive tax rates on all forms of income.

9. Federal ownership of all banks

10.Increase federal spending on the myriad initiatives that benefit America’s 99.9% 

The Ten Steps will grow the economy and narrow the income/wealth/power Gap between the rich and the rest.

MONETARY SOVEREIGNTY



Source: https://mythfighter.com/2020/06/15/a-book-you-should-read/
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