Students are encouraged to deconstruct mainstream myths surrounding public debt, inflation, and central bank independence. 6. Why This Textbook Matters

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It felt like heresy. For three years, his professors had preached the Gospel of the Budget. Deficits were sins. Surpluses were virtues. The National Debt was a weight that would drown the grandchildren of the nation. Yet, here was this PDF, methodically dismantling the sermon.

: Explains that governments that issue their own currency are not financially constrained like households and cannot "run out of money".

Professor of Economics at the University of Newcastle, Australia, and a key architect of MMT. He is widely recognized for his work on the Job Guarantee and functional finance.

The text is designed for both introductory and intermediate students, offering a thorough overview of macro theory while contrasting it with orthodox approaches. Key areas covered include: 1. Sovereign Currency and Government Spending

The official publisher, Bloomsbury Academic, offers legitimate e-book and digital formats alongside instructor resources and student study guides.