Hardcover

Footer

Hardcover

  • Home
  • About
  • Prompts
  • Lists
  • Blog
Get iOS AppGet Android App

Support

  • Support
  • #feedback on Discord
  • Product Roadmap
  • Request a Feature
EmailDiscordFacebookTikTokMastodonTwitterInstagram

© 2023 Hardcover LLC. All rights reserved. All our Policies.

Home

Library

Explore

Trending

The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

The Deficit Myth

Modern Monetary Theory and the Birth of the People's Economy

By
Stephanie Kelton
Stephanie Kelton
2020 • 336 pages

Ratings12

Average rating4.4

15
Book InfoReviews3Editions6Lists5Feed2

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

Tags

Genres

  • Finance
  • Nonfiction

Moods

  • hopeful
  • inspiring

Reviews

Popular Reviews

Reviews with the most likes.

sylviax
Sylvia Chi@sylviax

Everyone should read this. And there needs to be a popular education campaign for this targeted at politicians.

July 26, 2020
jon
Jon Friskics@jonSupporter

This book is an amazing introduction and overview of MMT - Modern Monetary Theory. I didn't agree with all of the points of view in this book, but I can honestly say there were some huge breakthroughs about money and economics for me while reading it.

October 15, 2021
apurplelife
A Purple Life@apurplelife

THIS BOOK MADE MY HEAD EXPLODE. Apparently I had an incorrect understanding of the US federal deficit and it's a misunderstanding that is perpetuated by our politicians on both sides of the aisle.

I was thinking that the federal government had to manage its spending like a household when it most assuredly does not since, unlike a household, it issues its own currency.

If you haven't read this book and are interested in how money works you should read it ASAP. I'm going to go stare into the abyss. My brain feels broken in the best of ways

August 25, 2021

Related Books

Books

7 books

Readers of This Book Also Enjoyed

If you enjoyed this book, then our algorithm says you may also enjoy these.

Second Foundation
How Europe Underdeveloped Africa
Excavation
The Queen of the Damned
The Mouse and the Motorcycle
I'm Fine and Neither Are You
The Perfect Storm

Top Lists

See all (5)

List

654 books

Nonfiction

sylviax
Sylvia Chi@sylviax
On Human Nature
Breaking Open the Head
Pathologies of Power
Supercapitalism
The Nine

List

2 books

Economics

chrisnerd97
Chris@chrisnerd97
Saving Capitalism: For the Many, Not the Few
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

List

53 books

52 In 52

apurplelife
A Purple Life@apurplelife
Addiction by Design: Machine Gambling in Las Vegas
Mating in Captivity
Bird by Bird: Some Instructions on Writing and Life
Healing Spaces
The Thing with Feathers

List

182 books

Nonfiction

mildcat
Andy@mildcatSupporter
Salt: A World History
Longitude: The True Story of a Lone Genius Who Solved the Greatest Scientific Problem of his Time
Black Like Me
Reading Like a Writer
The Art of X-Ray Reading