I stumbled over this URL today in a comment made to an article in Newsweek. I think it is worth sharing and should start some interesting comments. James K Galbraith wrote the forward. He holds the Chair of Economics at the LBJ School of Economics in Tx. The paper is in PDF format and is 63 pages long and writen by Warren Mosler. Good summer reading.
Enjoy…you don’t need a background in economics to understand it.