Stephanie Kelton would probably have done some things differently, but she couldn’t have asked for a better political and economic backdrop for her new book, The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy. While the book is structured as a rebuttal to common misconceptions held by politicians and the general public about government finance, it is ultimately a plea to use permanent wartime mobilization for civilian ends.….
Actually, the US has been on a permanent wartime economy of sorts since WWII with respect to the MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex*)
The Case for Permanent Wartime Economics
Matthew C. Klein
https://www.barrons.com/articles/the-case-for-permanent-wartime-economics-51591355446
*h/t Ray McGovern
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