The Deficit Myth

Challenge everything you think you know about government spending and national debt. Stephanie Kelton reveals how Modern Monetary Theory could enable massive public investment in healthcare, education, and climate without the constraints of traditional budgeting.

What You'll Master

Understand why government budgets work differently from household budgets

Learn how currency-issuing governments like the US can spend first and tax later, fundamentally changing how we think about public finance.

Discover how Modern Monetary Theory challenges traditional economic assumptions

Explore why MMT economists argue that deficits can be good for the economy and why the fear of national debt may be misguided.

Learn why unemployment and inflation are the real fiscal constraints

Understand how resource availability and economic capacity, not money supply, determine what governments can afford to spend on.

Evaluate policy proposals for healthcare, education, and climate action

Examine how MMT could enable ambitious public programs like Medicare for All, free college, and Green New Deal without traditional funding constraints.

Apply MMT insights to current political and economic debates

Connect Modern Monetary Theory to contemporary policy discussions about inequality, infrastructure, and the role of government in the economy.

Your Economic Transformation Journey

1. Question Traditional Economic Assumptions

Learn why conventional wisdom about government spending, taxes, and deficits may be based on outdated economic models that don't reflect modern reality.

2. Master Modern Monetary Theory Principles

Understand how currency sovereignty changes fiscal constraints and enables new approaches to public investment and economic policy.

3. Envision a New Economic Paradigm

Explore how MMT could transform policy debates and enable solutions to climate change, inequality, and public investment challenges.

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The Deficit Myth | Learn Personal Development Visually | Imprint