The Deficit Myth
Modern monetary theory and how to build a better economy
An economist's case for rethinking government debt through modern monetary theory.
Economist Stephanie Kelton makes the public case for modern monetary theory in The Deficit Myth, arguing that a government which issues its own currency is not constrained like a household and that fears of the national debt are often misplaced. She contends that the real limits are inflation and real resources, not deficits, and that this reframing opens room for public investment. A bestseller, it brought a once-fringe economic view into mainstream debate.
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Mehdi Hasan
This sharp and accessible book from Stephanie Kelton, professor of economics, champion of modern monetary theory (MMT), and a former adviser to Senator Bernie Sanders, will transform your understanding of how our economy works.
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