56 pages • 1 hour read
Stephanie KeltonThe Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
Nonfiction | Book | Adult | Published in 2020A modern alternative to SparkNotes and CliffsNotes, SuperSummary offers high-quality Study Guides with detailed chapter summaries and analysis of major themes, characters, and more.
Before You Read
Super Short Summary
The Deficit Myth by Stephanie Kelton challenges conventional views on national debt and deficits. Using Modern Monetary Theory (MMT), Kelton argues that governments with sovereign currencies can fund public investments without worrying about budget deficits. The book aims to reframe fiscal policy understanding, emphasizing potential benefits of such spending to society.
Reviews & Readership
Review Roundup
Stephanie Kelton's The Deficit Myth challenges conventional economic wisdom by advocating for Modern Monetary Theory (MMT). Critics praise the book's accessible writing and thorough explanation of complex ideas. However, detractors argue it oversimplifies fiscal policy implications. Overall, the book stirs constructive debate on government spending and economic management.
Who Should Read The Deficit Myth?
A reader who would enjoy The Deficit Myth by Stephanie Kelton is likely interested in economics, government spending, and public policy. They may appreciate insights akin to those found in Thomas Piketty's Capital in the Twenty-First Century or Paul Krugman's The Conscience of a Liberal. They are keen to challenge traditional economic doctrines.