By John Cochrane, book review, includes “… I looked forward to a definitive exposition from Stephanie Kelton’s ‘The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy.’ … But when the implications don’t lead to her desired conclusions, her logic, facts and language turn into pretzels. … She starts well: ‘Taxes are there to create a demand for government currency.’ …”
Read the full article on: The Wall Street Journal