The Constitution grants Congress unlimited ability to create money to pay for public services. Instead they allow the federal government to borrow the money from private banks, creating massive debt levels. Go figure.
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.
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…
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