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Description
"The Deficit Myth" summary challenges conventional views on deficits, arguing they can be beneficial for economies and lead to growth, rather than being inherently negative. This perspective is grounded in Modern Monetary Theory, offering a fresh approach to understanding government spending and economic management.
Author
Language
English
Description
Get the Summary of Stephanie Kelton's The Deficit Myth in 20 minutes. Please note: This is a summary and not the original book. Original book introduction: 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....
Author
Language
English
Description
"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...
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