is the link to billy blog archive which explains deficit financing and Modern Monetary Theory of a soverign currency country. Deficit financing upto full employment is necessary to maximise output of labor and national resources. Inflation occurs only after full employment results.
Thom at Dad & Mom's house when they were both still alive, circa '90s
From Screwed:
"Hartmann speaks with the straight talking clarity and brilliance of a modern day Tom Paine as he exposes the intentional and systematic destruction of America’s middle class by an alliance of political con artists and outlines a program to restore it. This is Hartmann at his best. Essential reading for those interested in restoring the institution that made America the envy of the world."
—David C. Korten, author of The Great Turning and When Corporations Rule the World
From The Thom Hartmann Reader:
"Thom Hartmann is a literary descendent of Ben Franklin and Tom Paine. His unflinching observations and deep passion inspire us to explore contemporary culture, politics, and economics; challenge us to face the facts of the societies we are creating; and empower us to demand a better world for our children and grandchildren."
—John Perkins, author of the New York Times bestselling book Confessions of an Economic Hit Man
From Screwed:
"I think many of us recognize that for all but the wealthiest, life in America is getting increasingly hard. Screwed explores why, showing how this is no accidental process, but rather the product of conscious political choices, choices we can change with enough courage and commitment. Like all of Thom’s great work, it helps show us the way forward."
—Paul Loeb, author of Soul of a Citizen and The Impossible Will Take a Little While
http://bilbo.economicoutlook.net/blog/?p=332
is the link to billy blog archive which explains deficit financing and Modern Monetary Theory of a soverign currency country. Deficit financing upto full employment is necessary to maximise output of labor and national resources. Inflation occurs only after full employment results.