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The deficit myth : = modern monetary...

Kelton, Stephanie, (1969-)

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The deficit myth : = modern monetary theory and the birth of the people's economy /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The deficit myth :/ Stephanie Kelton.
Reminder of title:	modern monetary theory and the birth of the people's economy /
Author:	Kelton, Stephanie,
Published:	New York :PublicAffairs, : c2020.,
Description:	vii, 325 p. :ill. ;24 cm.
Subject:	Budget deficits - United States. -
ISBN:	9781541757110

The deficit myth : = modern monetary theory and the birth of the people's economy /
Kelton, Stephanie,1969-

The deficit myth :modern monetary theory and the birth of the people's economy /Stephanie Kelton. - 1st ed. - New York :PublicAffairs,c2020. - vii, 325 p. :ill. ;24 cm.

Includes bibliographical references and index.

"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 about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything that both liberal/progressives and conservatives believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger long-term prosperity. Through illuminating insights about government debt, deficits, inflation, taxes, the financial system, and financial constraints on the federal budget, Kelton dramatically changes our understanding of how to best deal with important issues ranging from poverty and inequality to creating jobs and building infrastructure. 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? What is the best way to balance the risk of inflation against the benefits of a society that is more broadly prosperous, safer, cleaner, and secure? With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT busts myths that prevent us from taking action because we can't get beyond the question of how to pay for it"--

ISBN: 9781541757110NT595

LCCN: 2019059417Subjects--Topical Terms:

647772
Budget deficits
--United States.

LC Class. No.: HJ8119 / .K46 2020

Dewey Class. No.: 339.5/30973

The deficit myth : = modern monetary theory and the birth of the people's economy /
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020 $a 9781541736184 $q (hbk.)
020 $z 9781541736207 $q (ebk.)
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050 0 0 $a HJ8119 $b .K46 2020
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100 1 $a Kelton, Stephanie, $d 1969- $3 3454652
245 1 4 $a The deficit myth : $b modern monetary theory and the birth of the people's economy / $c Stephanie Kelton.
250 $a 1st ed.
260 # $a New York : $b PublicAffairs, $c c2020.
300 $a vii, 325 p. : $b ill. ; $c 24 cm.
504 $a Includes bibliographical references and index.
520 # $a "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 about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything that both liberal/progressives and conservatives believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger long-term prosperity. Through illuminating insights about government debt, deficits, inflation, taxes, the financial system, and financial constraints on the federal budget, Kelton dramatically changes our understanding of how to best deal with important issues ranging from poverty and inequality to creating jobs and building infrastructure. 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? What is the best way to balance the risk of inflation against the benefits of a society that is more broadly prosperous, safer, cleaner, and secure? With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT busts myths that prevent us from taking action because we can't get beyond the question of how to pay for it"-- $c Provided by publisher.
650 # 0 $a Budget deficits $z United States. $3 647772
650 # 0 $a Debts, Public $z United States. $3 727119
650 # 0 $a Fiscal policy $z United States. $3 588464
650 # 0 $a Government spending policy $z United States. $3 691085