The Deficit Myth: Modern Monetary Theory And The Birth Of The People's Economy

June 9, 2020|
The Deficit Myth: Modern Monetary Theory And The Birth Of The People's Economy by Stephanie Kelton
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Hardcover
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ANew York TimesBestsellerThe 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, crowd out private investment, and undermine long-term growth, and 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.
Stephanie Kelton, professor of economics and public policy at the State University of New York at Stony Brook and Bloomberg contributing columnist, has been called a "prophetic economist" and a "Rock Star" of progressive economics. Stephanie is the founder and of the top-rated economic blogNew Economic Perspectives, and a member of the...
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Title:The Deficit Myth: Modern Monetary Theory And The Birth Of The People's Economy
Format:Hardcover
Product dimensions:336 pages, 9.7 X 6.6 X 1.35 in
Shipping dimensions:336 pages, 9.7 X 6.6 X 1.35 in
Published:June 9, 2020
Publisher:Publicaffairs
Language:English
Appropriate for ages:All ages
ISBN - 13:9781541736184

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