First published 2020
Modern monetary theory represents the most significant economic insight in decades, and Stephanie Kelton stands as its foremost advocate. This New York Times bestseller dismantles widespread misconceptions about government spending that constrain policy discussions. Kelton argues that federal governments operate differently from households and that deficit spending can address poverty, inequality, unemployment, healthcare gaps, climate change, and infrastructure needs without harming future generations or crowding out private investment. She exposes how entitlement crisis warnings mislead the public and prevent beneficial action. MMT reframes economic debates away from narrow budget concerns toward broader social outcomes. Kelton demonstrates how understanding money, taxes, and strategic deficit spending can maximize societal potential. The theory empowers readers to envision new political and economic possibilities, replacing scarcity narratives with opportunity thinking.
Genres: politics, economics, social-issues, non-fiction
Vibes: thought-provoking
Tropes: informative, persuasive
327 pages · Hardcover · PublicAffairs