The Deficit Myth Modern Monetary Theory and the Birth of the People's Economy
The Deficit Myth Modern Monetary Theory and the Birth of the People's Economy
- ISBN 13: 9781541736191
- ISBN 10: 1541736192
- Format: Paperback
- Copyright: 03/09/2021
- Publisher: HACHETTE
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Summary
A “clear and vigorously written book” (Foreign Affairs), from the leading thinker of modern monetary theory, that delivers a bold new understanding for how to build a prosperous society
Myths about deficits have long hobbled us as a country. Supporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse: How can we pay for it all? Leading economic thinker Stephanie Kelton, shows how misguided that question is. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: Which deficits actually matter?
Stephanie Kelton’s brilliant exploration of modern monetary theory (MMT) dramatically redefines how we can responsibly use our resources, giving us the power to move from a narrative of scarcity to one of opportunity and maximizing our potential as a society.




