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

Book cover for 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 New York Times Bestseller

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.

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