03192cam a22004818i 4500 115921 115921 21479471 BJBSDDR 20230411090744.0 a|||||r|||| 00| 0 ta 200325s2020 nyu b 001 0 eng 2019059417 9781541736184 (hardcover) 1541736184 (hardcover) DLC eng rda DLC eng pcc n-us--- HJ 8119 K29d 2020 339.5/30973 Kelton, Stephanie, 1969- 20644 The deficit myth : modern monetary theory and the birth of the people's economy / Stephanie Kelton. First edition. New York : PublicAffairs, [2020] 325 pages ; 25 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references and index. "Any ambitious proposal - ranging from fixing crumbling infrastructure to Medicare for all or preventing the coming climate apocalypse - inevitably sparks questions: how can we afford it? How can we pay for it? Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. We've been thinking about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything that both liberal/progressives and conservatives believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger long-term prosperity. Through illuminating insights about government debt, deficits, inflation, taxes, the financial system, and financial constraints on the federal budget, Kelton dramatically changes our understanding of how to best deal with important issues ranging from poverty and inequality to creating jobs and building infrastructure. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: which deficits actually matter? What is the best way to balance the risk of inflation against the benefits of a society that is more broadly prosperous, safer, cleaner, and secure? With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT busts myths that prevent us from taking action because we can't get beyond the question of how to pay for it"-- Provided by publisher. Debts, Public United States. Deuda pública 2296 Budget deficits United States. Déficit presupuestario 7721 Government spending policy United States. Política de gastos públicos 19759 Fiscal policy United States. Política fiscal 829 Inflación Finanzas 458 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK 0 0 lcc 0 0 CS BJB BJB CS 2022-02-28 0 HJ 8119 K29d 2020 00000163439 2022-02-28 00:00:00 1 2022-02-28 BK