The Deficit Myth - Modern Monetary Theory and the Birth of the People's Economy Stephanie Kelton (Public Affairs, June 2020) 336 pages

A plain language elaboration of Modern Monetary Theory, a school of economics which suggests that the state does not need taxes to finance its expenditure, since it has the right to print its own currency. (It does need taxes for other purposes though.) This also means that it cannot be forced to go bankrupt in its own currency, and does not need to issue treasury bonds on open markets. All austerity and deficit fetishism is senseless and harmful. And no, printing money does not cause hyperinflation, because output adjusts.