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Summary of Stephanie Kelton’s The Deficit Myth
Get the Summary of Stephanie Kelton’s The Deficit Myth 20 minutes. Please note: This is a summary & not the original book. There is a pervasive belief that the US government is financially incapable of tackling significant issues like health care or education due to the ever-looming question of funding. Economist Stephanie Kelton challenges the conventional wisdom that equates federal government budgeting with household budgeting, arguing that the US government, as a currency issuer, is not financially constrained. The Deficit Myth (2020) introduces Modern Monetary Theory as a lens through which to understand the true nature of the federal deficit, government spending, and taxation...
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