Book Reviews

*** If there is a “deficit myth”, Stephanie Kelton is bent on exposing it. There is a puritanical shame that accompanies talk of a country’s deficit, the putrid stench of moral decay wafts through the air, driving governments to violent self-lacerations by way of swingeing spending cuts. Kelton’s book, The Deficit Myth, is a work of popular economics whose mission is to introduce the public to modern monetary theory (MMT) and lift the shame around the deficit myth through a paradigm shift in the way the public thinks about it, while offering up a promise of a Prometheus unbound: a government whose fiscal space andRead More →