{"id":24341,"date":"2021-02-25T13:58:00","date_gmt":"2021-02-25T13:58:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=24341"},"modified":"2023-08-29T14:03:03","modified_gmt":"2023-08-29T14:03:03","slug":"the-deficit-myth","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/the-deficit-myth\/","title":{"rendered":"The Deficit Myth"},"content":{"rendered":"\n<p><strong>Overview*<\/strong><\/p>\n\n\n\n<p>Stephanie Kelton&#8217;s brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.<br>Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview* Stephanie Kelton&#8217;s brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-24341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selected-books"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Deficit Myth - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/the-deficit-myth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Deficit Myth - ECES\" \/>\n<meta property=\"og:description\" content=\"Overview* Stephanie Kelton&#8217;s brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. 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