Rethinking Government Budgets and Economic Rhetoric

This chapter critiques the traditional discourse surrounding government spending and budget allocation, advocating for a focus on concrete societal goals rather than mere financial figures. The speakers emphasize the implications of Modern Monetary Theory (MMT) and propose that budgets should be viewed as moral documents reflecting societal priorities. By discussing concepts like the Job Guarantee, they challenge conventional views on taxes, unemployment, and the necessity of flexible government spending to enhance public welfare.