000			03708cam a2200325 i 4500
001			on1149204543
003			OCoLC
007			ta
008			200902s2020 nyua b 001 0 eng
010			_a 2019059417
020			_a9781541736184 (hardcover)
020			_a1541736184 (hardcover)
020			_a9781541757110
035			_a(OCoLC)1149204543 _z(OCoLC)1164703879 _z(OCoLC)1175660861
050			_aHJ8119 _b.K45 2020
100	1		_aKelton, Stephanie, _d1969-
245	1	4	_aThe deficit myth : _bmodern monetary theory and the birth of the people's economy / _cStephanie Kelton.
250			_a1st ed.
260			_aNew York, N.Y. : _bPublicAffairs, Hatchette Book Group, _c2020.
300			_avii, 325 p. : _bill.
504			_aIncludes bibliographical references and index.
505	0		_aIntroduction: Bumper sticker shock -- Don't think of a household -- Think of inflation -- The national debt (That isn't) -- Their red ink is our black ink -- "Winning" at trade -- You're entitled! -- The deficits that matter -- Building an economy for the people.
520			_a"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"--
520			_aWe've been thinking about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything we 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. Kelton uses the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: 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? -- adapted from publisher info
650		4	_aDebts, Public _zUnited States.
650		4	_aBudget deficits _zUnited States.
650		4	_aGovernment spending policy _zUnited States.
650		4	_aFiscal policy _zUnited States.
942			_2lcc _cBK
999			_c320 _d320