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Deficit Myth

Name: Deficit Myth
Price: 13.39 USD
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Rating: 4.5 (3748 reviews)

4.5 of 5 Stars: Economics - Deficit Myth

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Book Synopsis: A New York Times BestsellerThe 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.

Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.

Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis.

MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

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The Deficit Myth Book is a game-changer in the field of economics, and it is a must-read for anyone looking to build a just and prosperous society. This New York Times Bestseller by Stephanie Kelton introduces modern monetary theory (MMT), a revolutionary idea that challenges conventional wisdom.

Kelton's exploration of MMT presents a bold new understanding of how we can tackle pressing issues such as poverty, inequality, climate change, and infrastructure development. By debunking the myths surrounding deficits, Kelton paves the way for transformative policies that can truly make a difference.

One of the prevailing myths Kelton dispels is the notion that the federal government should budget like a household. This flawed belief hampers our ability to invest in essential initiatives and stifles our progress as a nation. Through MMT, Kelton reveals a new approach that empowers us to responsibly use our resources and maximize our societal potential.

Moreover, Kelton dismantles the misconception that deficits burden future generations and hinder long-term growth. Instead, MMT offers a fresh perspective on the role of deficit spending and demonstrates how it can drive economic and social benefits. By adopting MMT, we can transcend narrow budgetary debates and embrace a more comprehensive understanding of money and taxes.

The Deficit Myth Book is a powerful tool that challenges the status quo, reshaping our political discourse from scarcity to opportunity. Kelton's insights invite readers to envision a new politics and a new economy, one where we can prioritize the well-being of all while building a more prosperous future.

Are you ready to challenge conventional economic wisdom and uncover the truth behind deficits? Discover the transformative power of modern monetary theory in Stephanie Kelton's The Deficit Myth Book. Embrace a new narrative of abundance and make a difference in our society.

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