The Deficit Myth by Stephanie Kelton
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The Deficit Myth by Stephanie Kelton
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About this listen
In this episode of Books Deep Dive, we dive into Stephanie Kelton's The Deficit Myth, uncovering how Modern Monetary Theory (MMT) challenges traditional economic thinking. Kelton argues that the federal government doesn't need to balance its budget like a household, and instead, can create money to finance ambitious policies like Medicare for All and the Green New Deal. We explore the misconceptions around deficit spending, inflation, and national debt, breaking them down with clear, real-world examples. This episode will shift your perspective on economics and offer fresh insights into how money works in today's world.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.