The Deficit Myth

The Deficit Myth

By Stephanie Kelton
Unabridged
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“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, #1 New York Times bestselling author

New York Times bestseller

Longlisted for the Porchlight Best Business Book of the Year

#1 Amazon bestseller

A New York Times Bestseller

A “clear and vigorously written book” (Foreign Affairs), from the leading thinker of modern monetary theory, that delivers a bold new understanding for how to build a prosperous society

Myths about deficits have long hobbled us as a country. 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. 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?
 
Stephanie Kelton’s brilliant exploration of modern monetary theory (MMT) dramatically redefines how we can responsibly use our resources, giving us the power to move from a narrative of scarcity to one of opportunity and maximizing our potential as a society.