The Deficit Myth
The Deficit Myth delivers a radically different, bold, new understanding of how to build a just and prosperous society. Its brilliant exploration of modern monetary theory dramatically changes our understanding of how we can best deal with crucial issues the world is facing today. 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.
Praise for The Deficit Myth
"Kelton writes clearly and directly and does well to keep the lay reader in mind throughout. This comprehensive, lucid explanation of a much-buzzed-about economic theory will resonate with progressives."
― Publishers Weekly
"She has succeeded in instigating a round of heretical questioning, essential for a post-COVID-19 world, where the pantheon of economic gods will have to be reconfigured."
― The Guardian
"Stephanie Kelton convincingly overturns the conventional wisdom that federal budget deficits are somehow bad for the nation. Kelton argues that our government's inability to provide for citizens isn't due to a lack of money; instead, our leaders lack political will."
― Farhad Manjoo, The New York Times
"The Deficit Myth is simply the most important book I've ever read. Stephanie Kelton carefully articulates a message that obliterates economic orthodoxy about public finance, which assumes that taxes precede spending and deficits are bad. Kelton's work is on a par with the genius of DaVinci and Copernicus, heretics who proved that Earth revolves around the sun."
― David Cay Johnston, recipient of the Pulitzer Prize, an Investigative Reporters and Editors Inc. Medal, and the George Polk Award
"A remarkable book both in content and timing. A 'must-read' that is sure to influence many aspects of policymaking going forward."
― Mohamed El-Erian, chief economic advisor, Allianz