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A review by alekswhite
The Deficit Myth by Stephanie Kelton
4.0
I would have given this 5 stars if not for the very critique Stephanie’s editor gave her: “remove the analysis”
I loved this. It turns traditional economics (whatever that is) on its head and correctly addresses the sovereign economies we live in today. I want everyone to read this book but I know not everyone cares.
The people who will read this book (enthusiastically or begrudgingly?) needed it to be a little more analytical. Maybe I should go read her 2008 MMT thesis but I wanted the deep dive into how the jobs guarantee would work (ie how do you keep them productive if they will continually be paid? Is it even necessary or a myth that people are lazy if they’re not overworked?)
But alas, this wanted to a populist fiction novel and the only reason I’d detract a star from that is because it was repetitive. I understand that perhaps Stephanie felt people needed time to come to grips with the thesis but my god, we had a hundred pages of repetition.
Ultimately - this was a phenomenal read I’d give to anyone who wants to say “but the deficit”
From now on, my response is: “but what about the people?”
I loved this. It turns traditional economics (whatever that is) on its head and correctly addresses the sovereign economies we live in today. I want everyone to read this book but I know not everyone cares.
The people who will read this book (enthusiastically or begrudgingly?) needed it to be a little more analytical. Maybe I should go read her 2008 MMT thesis but I wanted the deep dive into how the jobs guarantee would work (ie how do you keep them productive if they will continually be paid? Is it even necessary or a myth that people are lazy if they’re not overworked?)
But alas, this wanted to a populist fiction novel and the only reason I’d detract a star from that is because it was repetitive. I understand that perhaps Stephanie felt people needed time to come to grips with the thesis but my god, we had a hundred pages of repetition.
Ultimately - this was a phenomenal read I’d give to anyone who wants to say “but the deficit”
From now on, my response is: “but what about the people?”