![]() ![]() ![]() Rather than asking how to pay for the crucial improvements our society needs, Kelton argues economists should ask: which deficits actually matter? What is the best way to balance the risk of inflation with the benefits of building an economy that is more broadly prosperous, safer, cleaner, and more secure? As a currency issuer, the federal government isn’t subject to the same kinds of budgetary constraints as a household. We've been thinking about budget deficits and government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Join author Professor Stephanie Kelton for a discussion of her New York Times bestselling debut book, The Deficit Myth, in conversation with ANZ Chief Economist Richard Yetsenga.Ī 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. ![]()
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