Cover of: The Deficit Myth by Stephanie Kelton
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August 4, 2021 | History
An edition of The Deficit Myth (2020)

The Deficit Myth

Modern Monetary Theory and the Birth of the People's Economy

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This edition was published in by PublicAffairs

336 pages

The leading thinker and most visible public advocate of modern monetary theory - the freshest and most important idea about economics in decades - delivers a radically different, bold, new understanding for how to build a just and prosperous society.
Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, that deficits crowd-out private investment and undermine long-term growth, that entitlements are propelling us toward a grave fiscal crisis.
MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

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Edition Availability
Cover of: The Deficit Myth
The Deficit Myth: Modern Monetary Theory and the Birth of the Peoples Economy
Jun 09, 2020, Hachette B and Blackstone Publishing
audio cd
Cover of: Deficit Myth
Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
2020, Hodder & Stoughton
in English
Cover of: The Deficit Myth
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
Jun 09, 2020, PublicAffairs
hardcover

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The Deficit Myth

First published in 2020



Work Description

The leading thinker and most visible public advocate of modern monetary theory - the freshest and most important idea about economics in decades - delivers a radically different, bold, new understanding for how to build a just and prosperous society.
Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, that deficits crowd-out private investment and undermine long-term growth, that entitlements are propelling us toward a grave fiscal crisis.
MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

The Deficit Myth

Modern Monetary Theory and the Birth of the People's Economy

This edition was published in by PublicAffairs


Edition Notes

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

The Physical Object

Format
hardcover
Number of pages
336

ID Numbers

Open Library
OL28003942M
ISBN 10
1541736184
ISBN 13
9781541736184

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