The Deficit Myth

A New York Times Bestseller

A bold and compelling case for modern monetary theory and how it can help us build a more prosperous society, from the leading expert on the subject.

“Conversational, fierce, relentless.” —Financial Times

Myths about deficits have long hobbled us as a country. Expanding healthcare coverage, creating new jobs, combatting climate change, building resilient infrastructure: How can we pay for it all? Leading economic thinker Stephanie Kelton shows how misguided that mindset is. Rather than asking self-defeating questions like how to pay for the crucial improvements our society needs, Kelton guides us to ask: Which deficits actually matter?

Stephanie Kelton’s brilliant exploration of modern monetary theory dramatically redefines how we can responsibly use our resources, giving us the power to move from a narrative of scarcity to one of opportunity and maximizing our potential as a society.