Il mito del deficit

More about the book

The leading thinker and public advocate of modern monetary theory presents a bold new understanding of building a just and prosperous society. Ambitious proposals, such as fixing infrastructure, implementing Medicare for all, or addressing climate change, often raise the question: how can we afford it? Stephanie Kelton argues that these concerns stem from a fundamental misunderstanding of government spending. She asserts that both liberal and conservative beliefs about deficits and the role of government in the economy are misguided, particularly the fear that deficits threaten long-term prosperity. Through insightful discussions on government debt, deficits, inflation, taxes, and financial constraints, Kelton reshapes our understanding of crucial issues like poverty, inequality, job creation, and infrastructure development. Instead of fixating on how to fund essential improvements, she encourages us to consider which deficits truly matter and how to balance inflation risks with the benefits of a more prosperous, safer, and cleaner society. By challenging prevailing myths about money and deficit spending, Kelton paves the way for actionable solutions that prioritize societal advancement over financial fears.