The Deficit Myth
The Deficit Myth. Stephanie Kelton shows how misguided this question really is by using the bold ideas of modern monetary theory (MMT); the radically different approach to using our resources to maximize our potential as a society. Everything that we’ve been led to believe about deficits and the role of money and government spending in the economy is wrong; especially the fear that deficits will endanger our long-term prosperity.
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?
What is the best way to balance the risk of inflation against the benefits of a society that is more broadly prosperous, safer, cleaner, and secure?
Author: Stephanie Kelton
