The Deficit Myth

In The Deficit Myth, Kelton Explains Modern Monetary Theory And The Key Distinction Between Deficits And National Debt, Arguing That A Country With Its Own Currency Isn’T Financially Constrained In The Same Way A Household Is. Through History, Data, And Timely Policy Examples, The Book Shows How Money Is Created And Spent And What That Means For Everyday Budgets. The Deficit Myth Is Structured To Move From Core Ideas To Real-World Implications, With Accessible Explanations And Engaging Scenarios That Align With Today’S Policy Conversations.

Written In A Conversational, Relentlessly Clear Style, The Deficit Myth Invites Readers To Test Assumptions With Compelling Examples About Healthcare, Infrastructure, Climate Action, And Social Programs. It Balances Rigor With Storytelling, Making Complex Concepts Feel Practical, Memorable, And Applicable To Civic Life. Whether You’Re A Student, A Policy Professional, Or A Concerned Citizen, The Book Offers A Framework You Can Carry Into Discussions And Decisions.

• Key Concepts: Modern Monetary Theory Basics, Deficits Vs. Debt, Inflation And Resource Limits, And The Real Mechanics Of Public Finance.
• Standout Features: Historical Context, Real-World Policy Scenarios, Accessible Explanations, And Practical Takeaways.
• Learning Outcomes: A Clearer Lens For Evaluating Budgets, Richer Participation In Policy Debates, And Confidence To Advocate For Thoughtful Public Investments.
• Writing And Presentation: Conversational, Rigorous, And Data-Informed Prose That Makes Complex Ideas Approachable.

After Finishing The Deficit Myth, Readers Gain A Fresh Framework For Thinking About Public Money And National Priorities. They Feel Informed, Hopeful, And Better Equipped To Participate In Shaping A More Just And Prosperous Society—The Lasting Value Of A Book That Changes How You See The World’S Finances.