Fiscal Deficits, Public Expenditure Optimization, and Employment Creation

This revolutionary book, "Fiscal Deficits, Public Expenditure Optimization, and Employment Creation", Book 8 of the Series Public Finance, Fiscal Policy, and Tax Management, aims to guide policymakers, legislators, academic and professional economists, and others on how to eliminate jobless growth. Founded on the Modern Monetary Theory (MMT), the limitless power of a sovereign state to run budget deficits for financing employment-creating projects without causing inflation is explored. MMT challenges traditional fiscal and monetary policies and places more responsibility on the Debt Management Office and the will of the political leadership to use budget deficits mainly for financing employment-generating ventures. MMT is certainly not an invitation to fiscal rascality and misappropriation of government funds.