The deficit myth : modern monetary theory and the birth of the people's economy Cover Image

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The deficit myth : modern monetary theory and the birth of the people's economy / Stephanie Kelton.

Kelton, Stephanie, 1969- (author.).

Summary:

We've been thinking about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything we believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger long-term prosperity. Kelton uses the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: 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?

Record details

ISBN: 9781541736184
ISBN: 1541736184
Physical Description: vii, 325 pages : illustrations ; 25 cm
Edition: First edition.
Publisher: New York, NY : PublicAffairs, Hatchette Book Group, 2020.
Copyright: ©2020

Content descriptions

Bibliography, etc. Note:	Includes bibliographical references and index.
Formatted Contents Note:	Introduction: Bumper sticker shock -- Don't think of a household -- Think of inflation -- The national debt (That isn't) -- Their red ink is our black ink -- "Winning" at trade -- You're entitled! -- The deficits that matter -- Building an economy for the people.