The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy
Jun 2020 · Hachette UK
4.4star
13 reviewsreport
Ebook
336
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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 Times
Supporting 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?
'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 Times
Supporting 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?
Ratings and reviews
4.4
13 reviews
Green Grugach
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June 17, 2020
This is your typical socialist economy unicorn and magic book, it does NOT work in the real world, everywhere it's been used has failed, miserably, the mathematics in this is high school at best.
3 people found this review helpful
Lachlan McCall
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July 2, 2020
A tour-de-force that explains how federal budgets actually work in the real world, with insights applicable to conservatives and progressives alike. A modern masterpiece.
5 people found this review helpful
Chris Davidson
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September 22, 2020
Enlightening
About the author
Stephanie Kelton is Professor of Economics and Public Policy at Stony Brook University. She was formerly Chief Economist on the U.S. Senate Budget Committee (Democratic staff). In addition to her many academic publications, she has been a contributor at Bloomberg Opinion and has written for the New York Times, the Los Angeles Times, U.S. News & World Reports, CNN, and others.
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