The deficit myth : modern monetary theory and the birth of the people's economy
(Book)

Book Cover
Average Rating
Published
New York, NY : PublicAffairs, Hatchette Book Group, 2020.
Status
5 copies, 2 people are on the wait list.
Glencarlyn - Adult New Nonfiction  1 available
339.523 KELTO

Copies

LocationCall NumberStatusDue Date
Central - Adult New Nonfiction339.523 KELTOChecked OutOctober 28, 2021
Glencarlyn - Adult New Nonfiction339.523 KELTOAvailable
Glencarlyn - Adult New Nonfiction339.523 KELTOChecked OutOctober 29, 2021
Shirlington - Adult New Nonfiction339.523 KELTOIn Transit
Westover - Adult New Nonfiction339.523 KELTOChecked OutNovember 10, 2021

Description

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More Details

Format
Book
Edition
First edition.
Physical Desc
vii, 325 pages : illustrations ; 25 cm
Language
English
ISBN
9781541736184, 1541736184

Notes

Bibliography
Includes bibliographical references and index.
Description
"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"--,Provided by publisher.
Description
We've been thinking about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything we 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. Kelton uses the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: 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? -- adapted from publisher info

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Citations

APA Citation (style guide)

Kelton, S. (2020). The deficit myth: modern monetary theory and the birth of the people's economy (First edition.). PublicAffairs, Hatchette Book Group.

Chicago / Turabian - Author Date Citation (style guide)

Kelton, Stephanie, 1969-. 2020. The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy. New York, NY: PublicAffairs, Hatchette Book Group.

Chicago / Turabian - Humanities Citation (style guide)

Kelton, Stephanie, 1969-. The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy New York, NY: PublicAffairs, Hatchette Book Group, 2020.

MLA Citation (style guide)

Kelton, Stephanie. The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy First edition., PublicAffairs, Hatchette Book Group, 2020.

Note! Citation formats are based on standards as of August 2021. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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