The Deficit Myth
Books | Business & Economics / Money & Monetary Policy
4.2
Stephanie Kelton
THE INTERNATIONAL BESTSELLER'Kelton has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured' Guardian'Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all' Naomi Klein'Game-changing ... Read it!' Mariana Mazzucato'A rock star in her field' The Times'This book is going to be influential' Financial Times'Convincingly overturns conventional wisdom' New York TimesSupporting 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, and how a radical new approach can maximise our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending is wrong. 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?
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Author
Stephanie Kelton
Pages
336
Publisher
John Murray Press
Published Date
2020-06-09
ISBN
1529352541 9781529352542
Ratings
Google: 5
Community ReviewsSee all
"Interesting book on monetary policy and why the federal budget isn't balanced like a household budget."
Marcus
"MMT makes total sense to me and I hope we can adopt this type of thinking in our policy making. Economy suffers when people are not working because they could have been doing something productive. Period. MMT gives government tools to act as a lubrication for the economy by making sure that every able-bodied person is able to do something and contribute to the overall well being of our society, country, and the planet. This is how our lifestyle and qualify of life keeps improving which manifests itself as size of the economy. I think the Federal Job Guarantee is a brilliant idea and it is even better than the Universal Basic Income concept."
Ranjan Lamichhane