The Deficit Myth

Convincingly overturns the conventional wisdom that federal budget deficits are somehow bad * New York Times * [Kelton] has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured. * The Guardian * A leading light in modern monetary theory. * Financial Times * Kelton's book achieves a revolution in political economy. * LSE Review of Books * This book is going to be influential. -- Martin Wolf * Financial Times * Kelton is a razor-sharp writer... smashing shibboleths of conventional economic wisdom. * The Irish Times * In the wake of the financial impact of the coronavirus, she's having a moment... she's become a rock star in her field. -- Ben Hoyle * The Times * The best book on rethinking economics that anyone will find right now. * Richard Murphy * In a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use. -- Naomi Klein Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it! -- Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global Economy Kelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless. * Financial Times *