The Deficit Myth
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
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.
2
recommendations
recommendation
Similar recommendations
View allThis 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!