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The deficit myth

modern monetary theory and the birth of the people's economy
Author: Search for this author Kelton, Stephanie, 1969- (author)
Statement of Responsibility: Stephanie Kelton
Year: 2021
Publisher: New York, [New York], PublicAffairs
Media group: Book/Buch
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Barcode: 01151657 Locations: 3.4 KEL Status: available

Content

"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."

Details

Author: Search for this author Kelton, Stephanie, 1969- (author)
Statement of Responsibility: Stephanie Kelton
Year: 2021
Publisher: New York, [New York], PublicAffairs
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Classification: Search for this systematic 3.4
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ISBN: 978-1-5417-3619-1
ISBN (2nd): 978-1-5417-3618-4
Description: xviii, 329 Seiten, Illustrationen
Tags: USA, Monetary Theory, Public Finance, Fiscal Policy, Modern Monetary Theory, Public Expenditure, Budget Deficit, Fiscal deficit, Haushaltsdefizit, Geldtheorie, Öffentliche Finanzen, Finanzpolitik, Fiskalpolitik, Government spending, Öffentliche Ausgaben, America, Amerika
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Language: eng
Media group: Book/Buch