Stephanie Kelton Books
Stephanie Kelton is an American economist and professor of public policy and economics at Stony Brook University. She is a leading advocate of Modern Monetary Theory and has served as chief economist for the U.
Known for: The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
Books by Stephanie Kelton
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
In The Deficit Myth, economist Stephanie Kelton challenges conventional views about government spending and national debt. Drawing on Modern Monetary Theory (MMT), she argues that countries issuing their own currency are not constrained by deficits in the same way households are. Kelton explains how rethinking fiscal policy can help address social needs such as healthcare, education, and climate change without fear of 'running out of money.'
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The Deficit Myth
Let me begin with the heart of the matter—the myth itself. For generations, political debate has framed fiscal responsibility as synonymous with balanced budgets and low deficits. We have come to fear red ink as a sign of recklessness. But the truth is, those government deficits we worry about are n...
From The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
Understanding Sovereign Currency
Once we recognize that sovereign governments differ from households, we can start to see how money really operates within a modern economy. A nation that issues its own free-floating currency—like the U.S. with the dollar—can never involuntarily run out of money. Its constraint is not solvency, but ...
From The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
About Stephanie Kelton
Stephanie Kelton is an American economist and professor of public policy and economics at Stony Brook University. She is a leading advocate of Modern Monetary Theory and has served as chief economist for the U.S. Senate Budget Committee and as an economic advisor to political campaigns.
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Stephanie Kelton is an American economist and professor of public policy and economics at Stony Brook University. She is a leading advocate of Modern Monetary Theory and has served as chief economist for the U.
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