The Deficit Myth. Book Summary

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Stephanie Kelton

What’s inside

Stephanie Kelton debunks common misconceptions about deficits, arguing that they are not inherently negative and can be used to achieve full employment and inclusive growth.

You’ll Learn

  • Understanding of Modern Monetary Theory
  • New perspective on public deficits
  • Insight into fiscal policy’s potential
  • Rethinking economic possibilities and limitations

Key Points

  • The Myth of the Deficit Boogeyman
  • Modern Monetary Theory 101
  • The Power of the Public Purse
  • Employment and Inflation in MMT Perspective
  • Fiscal Policy for the Public Good
  • Re-envisioning Economic Possibilities
  • Policy Implications and Social Outcomes

Who’s it For

  • Economists
  • Policy makers
  • Students of economics
  • Political enthusiasts
  • Progressive activists

About the author

Stephanie Kelton is a leading economist and a professor, known for her work on Modern Monetary Theory (MMT).