Deficit Myth Best Audiobook Summary By Stephanie Kelton

Deficit Myth By Stephanie Kelton - Free Audiobook Summary and Review

A New York Times best seller

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, crowd out private investment, and undermine long-term growth, and 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.

Clear explanation of how money & our economy really works.
An excellent easy-to-read overview of how money and our economy fit together. Economics is a mystery to many because most conventional economic thinking is patently misguided. This book doesn’t just expose the national deficit myth; it exposes the many myths that maintain it. If you want to have an easy to understand functional framework on how our financial economy really works then look no further than this excellent book.

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