The
Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
by Stephanie Kelton
Read or Download at: http://best.ebookcollection.space/?book=1541736184
The
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, that deficits
crowd-out private investment and undermine long-term growth, 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.
Product
details
Hardcover : 336 pages
Publisher : PublicAffairs
(June 9, 2020)
Language : English
ISBN-10 : 1541736184
ISBN-13 : 978-1541736184
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