The Deficit Myth
The Deficit Myth
Stephanie Kelton
Anthony Scaramucci
Fascinating and should be read by everyone. - Anthony Scaramucci
Ben Carlson
Could end of being one of the more important economics books in a long time. - Ben Carlson
+
2
All books

The Deficit Myth

The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

Stephanie Kelton
By
Stephanie Kelton
4.0
1333
ratings on Goodreads

In "The Deficit Myth," economist Stephanie Kelton upends conventional wisdom, presenting a transformative view on fiscal policy through the lens of Modern Monetary Theory (MMT). Kelton, a leading voice in the field, challenges the pervasive fears surrounding national deficits, arguing that they are not only misunderstood but are also tools for building a more equitable and thriving society. With persuasive clarity, Kelton dismantles the deeply ingrained myths that equate government budgets with household finances, illustrating instead how strategic deficit spending can fund essential social programs—from healthcare to climate change initiatives—without precipitating economic disaster. This groundbreaking book shifts the dialogue from the limitations of scarcity to the possibilities of abundance, proposing that the real limits are not financial but are instead based on real resources and productivity. Kelton's insights offer a bold new framework for considering how to use the government's unique financial position to address pressing issues, fundamentally altering our approach to unemployment, infrastructure, and inequality. "The Deficit Myth" is not just a critique but a beacon of hope, demonstrating that a more just and sustainable future is within our reach if we rethink our approach to public finance. Through compelling analysis and engaging storytelling, Kelton invites readers to envision a world where economic policies are driven by the common good, leveraging the power of MMT to transform society's potential.

Read more
Released
2020
9 Jun
Length
327
Pages

2

recommendations

recommendation

Could end of being one of the more important economics books in a long time. - Ben Carlson
Fascinating and should be read by everyone. - Anthony Scaramucci
The debt isn’t the reason we can’t have nice things. Our broken thinking is. To fix our broken thinking, we need to overcome more than just an aversion to big numbers with the word debt attached. We need to beat back every destructive myth that hobbles our thinking.
— Stephanie Kelton, The Deficit Myth

Similar recommendations

View all
The Rational Optimist
11
people
person
The Changing World Order
9
people
person
The Wealth of Nations
8
people
person
Economics in One Lesson
7
people
person
The Sovereign Individual
The Sovereign Individual
James Dale Davidson
7
people
person
The Rise and Fall of American Growth
6
people
person
Capital in the Twenty-First Century
4
people
person
The Law
The Law
Frédéric Bastiat
4
people
person
The Road to Serfdom
4
people
person
Freakonomics
Freakonomics
Steven D. Levitt
3
people
person

This site is part of Amazon’s Associates Program. Purchasing books recommended by successful individuals through my links earns us a small commission, helping keep the site running, at no additional cost to you. Thank you for supporting our site!