100 Books Like Payback

This one’s by a member of the home team—a former student, colleague, collaborator, and fellow MMT conspirator.

Kelton was an advisor to Bernie Sanders, served as chief economist for the Senate Budget Committee, and is a frequent guest on all the important media outlets. She explains the basics of MMT and why they are important—especially right now as Congress is hog-tied trying to figure out what to do to prevent Uncle Sam from defaulting as we broach the debt limit.

This choice is obvious and tough.

The book is notoriously difficult. However, it ranks with Darwin’s Origins of the Species, and Einstein’s General Theory of Relativity as among the most important and revolutionary books ever.

It’s no exaggeration to say that Keynes changed everything in the same way that Darwin and Einstein had. It will change the way you see the world if you make the substantial effort. Keynes argues that it is the organization of our economy around money that causes unemployment—not high wages or lazy workers.

Here’s my one sentence summary: firms only hire the number of workers they need to produce the output they expect to sell at a profit. If they cannot make money from hiring you, you are unemployed.

This is based on a lecture given by Grierson in London in 1970. (Do you see a pattern? Lectures can make entertaining books.)

He was the world’s most famous numismatist (expert on coins). A professor at the University of Cambridge, UK, for seventy years (!), he spent most of his salary collecting medieval coins, donating 20,000 of them to the university’s museum—the world’s premier collection. But coins were invented around 700 B.C., while money has been around for 6000 years.

In this book he speculates on money’s origins (in Babylonian temples)—linking it to the ancient practice of Wergeld (blood money). He hypothesized that money originates as a measure of debt owed to victims. Hence, the link of money to debt and sin made by Atwood. Money is not a “thing” but a record of indebtedness.

Today, it is tax debt that drives money: you work hard to get money to… show more.

If you find Keynes’s explanation of unemployment depressing, here’s the antidote: another from the home team—Pavlina is a former student and current colleague.

Her solution is a universal job guarantee provided and funded by the Federal government. This isn’t welfare; wages are paid for useful work that promotes the public interest. Unlike private firms, government doesn’t need profits and cannot run out of money (see Kelton’s The Deficit Myth).

Pavlina explains the details: how the government finances the program; why it stabilizes wages and prices so that it cannot be inflationary; how the program will be run; and what kinds of projects will be undertaken.

She provides a clear, concise, detailed examination of policy that will permanently end the scourge of unemployment.

This book is a beautifully illustrated work of art. I absolutely adore the well-chosen excerpts from some of the Bard's most famous plays, including his fantasy ones (The Tempest and Midsummer Night’s Dream). This book contains some of the most beautiful passages in the English language. If you love the language of Shakespeare, you will swoon over this book. I do every single time.

It is not only the New Testament that is written in layers: an upper religious layer, a lower historical one. Also the Old Testament uses this construct, albeit less elaborately so. It is no coincidence that the subject of "history", as we know it, is a fairly recent one. If one goes far enough back in time, all we had, when it comes to longer narratives, are the mythical and religious epics. They likely filled many purposes, of telling stories of the fantastical and supernatural, of giving ethical advice, of uniting people, and of conveying history.

This book focuses strictly on the seven feasts in Leviticus 23 as opposed to multiple types from throughout the Old Testament.

This book is also more of a devotional, with something to read each day. There are also questions to answer, which makes it more like a study guide or workbook than an actual book or devotional. With that said, the book provides a great understanding of the seven feasts and the way they each looked to Christ.

For example, most people know that Jesus is our Passover Lamb, but they would be surprised to see that the other six feasts look to him as well. You will be blessed to see how Jesus is revealed through each of them.

I enjoyed this book because it was such an exhaustive look at how Jesus is foreshadowed in symbols, types, and prophecies in the Old Testament. No stone is left unturned as he shows how “all roads lead to Christ” and how Christ is revealed in every single book in the Old Testament.

It is very intriguing, well-researched, presented very logically, and contains many great insights. It is not, however, a quick read, but more academic in its presentation.

I recommend this book for people who are already pretty familiar with the Scriptures and want to deepen their knowledge of the Bible, particularly of the Old Testament.

What I enjoyed most about this book was that it was quite thorough but also very conversational in its approach and easy to read.

Though the author takes you through almost every book in the Old Testament, it doesn’t really feel like it. It feels more like you’re just listening to someone over dinner share with you what they are learning in the Scriptures. She doesn’t try to impress you with her vocabulary or theological jargon. She just shares her thoughts very clearly. Still, it is very informative and has really great insights.

Recommended for anyone!

If you’re older, you probably read O’Connor’s short story “A Good Man is Hard to Find” for one or more lit classes; if you’re younger, you may have never heard of her as she is now “problematic” according to the unfunny woke-on-steroids crowd. I love O’Connor because I love characters with moral failings, I love mordant humor, and I love the possibility that even the most irredeemable among us can experience moments of grace. The brief details in her stories do such heavy lifting in terms of irony, for example when a Wellesley undergrad hits Mrs. Turpin in the head with a copy of Human Development in the short story “Revelation.” The action itself – a privileged white college student from an elite school inflicting violence upon a rural white woman – also speaks to our ongoing culture wars.