A Paradigm Shift in Macroeconomic Finance
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The Deficit Myth
Modern Monetary Theory and THE BIRTH OF THE PEOPLE’S ECONOMY
The Deficit Myth empowers readers to break free of the broken thinking and fictitious constraints that have been holding our nation back.
Deficits can help us fight a myriad of problems that plague our economy–inequality, poverty and unemployment, climate change, housing, health care, and more. But we can’t use deficits to solve problems if we continue to think of the deficit itself as a problem.
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Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff). She was named by POLITICO as one of the 50 people most influencing the policy debate in America.
Professor Kelton advises policymakers and consults with investment banks, and portfolio managers across the globe. She is a regular commentator on national radio and broadcast television. Her highly-anticipated book, The Deficit Myth, will be published June 9, 2020.