Ignore the catchy art/title it is actually a look at differing definitions of savings and the implications for MMT in common argument and understanding. It examines how MMT advocates may undercut the household/austerity narrative with an alternative narrative. “And in this arena, the MMT people are up against a deeply entrenched and powerful meme — the idea of government as a household. When a household runs up its credit cards instead of saving money, it gets poorer and poorer. So people tend to think that when the U.S. government runs up the national debt, America is getting poorer. Let’s call this the Austerity Meme. ... Of course, this MMT Meme doesn’t describe reality any more than the Austerity Meme. But it has one thing going for it, which is that Keynesianism really works. When the government spends money during a recession, it really does increase GDP. So if government borrowing goes along with increased government spending, living standards often do improve. That makes it kinda-sorta seem like the MMT meme is right — like government deficits somehow did make the country richer — even though it actually has nothing to do with the definitions that the MMT people are playing with here.”