The deficit myth : modern monetary theory and how to build a better economy Stephanie Kelton.

By:

Kelton, Stephanie, 1969- [author]

Material type:

TextPublisher: London : John Murray, 2020Edition: First editionDescription: 325 pages ; 24 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

ISBN:

9781529352528

Subject(s):

DDC classification:

332.401 23

Contents:

Introduction: Bumper Sticker Shock -- 1. Don't Think of a Household -- 2. Think of Inflation -- 3. The National Debt (That Isn't) -- 4. Their Red Ink Is Our Black Ink -- 5. "Winning" at Trade -- 6. You're Entitled! -- 7. The Deficits That Matter -- 8. Building a Better Economy.

Summary: Stephanie Kelton shows how misguided this question really is by using the bold ideas of modern monetary theory (MMT), the radically different approach to using our resources to maximize our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger our long-term prosperity. 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? Kelton is the leading thinker and most visible public advocate of MMT - the most important idea about economics in decades - and delivers a fundamentally different, bold, new understanding for how to build a just and prosperous society.

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Holdings
Item type	Current library	Call number	Status	Barcode
Books	Marbella International University Centre Library	332.401 KEL def (Browse shelf(Opens below))	Available	12210

Includes bibliographical references and index.

Introduction: Bumper Sticker Shock --
1. Don't Think of a Household --
2. Think of Inflation --
3. The National Debt (That Isn't) --
4. Their Red Ink Is Our Black Ink --
5. "Winning" at Trade --
6. You're Entitled! --
7. The Deficits That Matter --
8. Building a Better Economy.

Stephanie Kelton shows how misguided this question really is by using the bold ideas of modern monetary theory (MMT), the radically different approach to using our resources to maximize our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger our long-term prosperity.

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?

Kelton is the leading thinker and most visible public advocate of MMT - the most important idea about economics in decades - and delivers a fundamentally different, bold, new understanding for how to build a just and prosperous society.

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