5/23/2023 0 Comments The deficit myth book![]() ![]() I’m on record as a doomer, but in different ways, these tomes sparked the first real note of optimism I’ve felt about America’s future in quite a while. ![]() The second was “ The Deficit Myth,” in which the economist Stephanie Kelton convincingly overturns the conventional wisdom that federal budget deficits are somehow bad for the nation. The first book was “ The Price of Peace,” Zachary Carter’s incisive biography of the British economist John Maynard Keynes, which illustrates the awesome power of economic theory to alter the fates of nations and the lives of millions of people. Wait, don’t leave! I promise this isn’t as dry as it sounds. While the kids cannonballed into the saltwater pool and my wife sped through several novels, I spent my time in the sun doing exactly the sort of thing you’d imagine an opinion columnist might do on summer vacation: I read two hot new books about macroeconomics. ![]() Īs a respite from a chaotic spring spent under quarantine, my family booked a weeklong vacation last month in a cozy, remote house in the California desert. To hear more audio stories from publishers like The New York Times, download Audm for iPhone or Android. ![]()
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