Stephanie Kelton: “Every deficit is good for someone”
US economist Stephanie Kelton dispels old myths: “Everything that we've been led to believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger our long-term prosperity.” The bestselling author of The Deficit Myth is convinced that deficits are not a bad thing. Here, in a video interview, and in a GDI livestream on 10 September 2020, Stephanie Kelton provides solutions for a post-Covid economy.
US economist Stephanie Kelton is convinced: “We should not fear that deficits will endanger our long-term prosperity”. The goal is not a balanced budget, but a balanced economy. "Every deficit is good for someone," says the Professor of Economics and Public Policy in an interview:
Supporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse – vital challenges which inevitably raise the question: how do we pay for it? Stephanie Kelton shows how misguided this question really is by using the bold ideas of modern monetary theory (MMT), a radically different approach to using our resources to maximise our potential as a society.
As a leading thinker and internationally recognised advocate of modern monetary theory, Professor Kelton’s work has sparked debate in economic, financial and political circles across the globe. She was listed as one of the world’s 50 most influential thinkers by Bloomberg in 2019.
On 10 September 2020, she will be speaking in a GDI livestream and answer questions of the audience.