One of the most important works making Modern Money Theory accessible to the public. Professor Wray's style is as clear as it gets in a work that is both friendly and substantial. His treatment of balance of trade, inflation, deficit spending, modern fiat money, Sector Financial Balances, debt financing, balanced budgets, and fiscal sustainability are all exemplary, and yet very understandable.
The treatment of the Job Guarantee proposal is particularly illuminating. It dispels the superficial criticisms offered by people who have heard the barest minimum about the idea, but still feel free to opine on it even though their own comments are based on their own ideology-based projections, rather than the details of the proposal itself.
Much of economics seems like systematic and irrelevant obfuscation; but this work lays bare the intellectual bankruptcy at the foundation of the discipline, and replaces it with a new framework focusing both on the facts, and on what might be, if we can only grasp MMT principles and have the courage to act on them. If you're interested in why austerity doesn't make sense, and how to recover from its often fatal effects, then this book is one you must read.