The Deficit Myth
Modern Monetary Theory and the Birth of the People's Economy
Stephanie Kelton
The book challenges conventional views on government finance, arguing that a sovereign currency issuer like the U.S. can't run out of money and that deficits can be a tool for achieving full employment and social goals. It introduces Modern Monetary Theory (MMT) as a framework for understanding how currency works and how fiscal policy can be used to address inequality and economic instability without causing inflation.
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