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Join author, academic and economist Stephanie Kelton, in conversation with the Australia Institute’s chief economist Richard Denniss, for a discussion of her new book The Deficit Myth, which explains modern monetary theory (MMT) and the critical role of deficit spending.
Government deficits can help us fight a myriad of problems that plague our economies–inequality, poverty and unemployment, climate change, housing, health care, and more. But we can’t use deficits to solve problems if we continue to think of a government deficit itself as a problem.
About the Presenter –
Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She 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. Professor 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. Her highly-anticipated book, The Deficit Myth, was published June 9, 2020