The Deficit Myth

THE INTERNATIONAL BESTSELLER 'Essential' Guardian
'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' Naomi Klein 'Game-changing . . . Read it!' Mariana Mazzucato 'A rock star in her field' The Times
'This book is going to be influential' Financial Times
'Convincingly overturns conventional wisdom' New York Times Supporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse: how can we pay for it all? Leading economic thinker Stephanie Kelton, shows how misguided that question is, and how a radical new approach can maximise our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending is wrong. 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?

Stephanie Kelton is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff). She was named by POLITICO as one of the 50 people most influencing the policy debate in America. A sought after speaker, Kelton advises policymakers and consults with investment banks and portfolio managers across the globe. She is a regular commentator on national radio and broadcast television. She is the author of the New York Times best-seller The Deficit Myth and has been profiled in numerous outlets including the New York Times, the FT and Forbes. In addition to her many academic publications, she has been a contributor at Bloomberg Opinion and has written for the Financial Times, The New York Times, The Los Angeles Times, U.S. News & World Reports, CNN, and many others. Kelton was the co-host of MarketWatch's Best Ideas in Money podcast and the author of The Lens Substack newsletter. She is the subject of the documentary Finding the Money (2023).