The Deficit Myth

Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society.

The Deficit Myth

The Deficit Myth

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. Any ambitious proposal - ranging from fixing crumbling infrastructure to Medicare for all or preventing the coming climate apocalypse - inevitably sparks questions: how can we afford it? How can we pay for it? Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. We've been thinking about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything that both liberal/progressives and conservatives 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. Through illuminating insights about government debt, deficits, inflation, taxes, the financial system, and financial constraints on the federal budget, Kelton dramatically changes our understanding of how to best deal with important issues ranging from poverty and inequality to creating jobs and building infrastructure. 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? With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT busts myths that prevent us from taking action because we can't get beyond the question of how to pay for it.

More Books:

The Deficit Myth
Language: en
Pages: 336
Authors: Stephanie Kelton
Categories: Business & Economics
Type: BOOK - Published: 2020-06-09 - Publisher: PublicAffairs

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. Any ambitious proposal - ranging from fixing crumbling infrastructure to
DEFICIT MYTH
Language: en
Pages:
Authors: STEPHANIE. KELTON
Categories: Business & Economics
Type: BOOK - Published: 2020 - Publisher:

Books about DEFICIT MYTH
Problems With Modern Monetary Theory
Language: en
Pages: 58
Authors: Robert Wenzel
Categories: Business & Economics
Type: BOOK - Published: 2020-08-18 - Publisher:

Finally, a full examination of Modern Monetary Theory by way of a critique of Stephanie Kelton's book, "The Deficit Myth." There are extreme weaknesses at a fundamental level with MMT and it is all discussed here. If you have been captured by the MMT argument or are just curious about
How Children Learn
Language: en
Pages: 226
Authors: Terese Fayden
Categories: Social Science
Type: BOOK - Published: 2015-11-17 - Publisher: Routledge

The inspirational stories of young learners in this book discredit assumptions behind recent educational reforms, including high stakes testing and No Child Left Behind policies. The experiences of the American Indian children and the author, a kindergarten teacher, challenge the widely held assumption that minority children enter school "at risk."
The Deficit Lie
Language: en
Pages: 398
Authors: Rick Boettǵer
Categories: Business & Economics
Type: BOOK - Published: 1994 - Publisher: Summit Publishing Group

Argues that the national deficit is actually a misrepresentation used to cut budgets and raise taxes, and suggests that the real problems is the government's failure to maintain a money supply sufficient for the country's needs

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