{"id":606386,"date":"2023-09-14T00:00:00","date_gmt":"2023-09-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/deficits-and-debts-decoded-by-economist-stephanie-kelton\/"},"modified":"2023-09-14T00:00:00","modified_gmt":"2023-09-14T00:00:00","slug":"deficits-and-debts-decoded-by-economist-stephanie-kelton","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/deficits-and-debts-decoded-by-economist-stephanie-kelton\/","title":{"rendered":"Deficits and debts, decoded by economist Stephanie Kelton"},"content":{"rendered":"

? UNDER THE LAMPLIGHT- <\/strong><\/p>\n

Forget everything you thought you knew about Modern Monetary Theory (MMT). <\/strong>The Deficit Myth<\/a> by economist Stephanie Kelton challenges conventional wisdom when it comes to government deficits and debt, exploring how MMT impacts the economy, the ins and outs of fiscal policy, and the role of the government in the economy. Kelton uses clear and accessible language to explain the complex ideas in her book, making it an easy read regardless of how well-versed you are in economics. Real-life examples and relatable analogies help simplify the nuances of MMT, making it a great read for those newly interested in the topic. Kelton also delves into the political aspects of economic policy, and explains why and how deficit fears have been used to justify austerity measures that disproportionately harm vulnerable populations. She also addresses critics\u2019 concerns over MMT and why it is a better approach than traditional economic thinking. Her approach is a little too idealistic for puritan economists, but The Deficit Myth is a compelling and thought-provoking read regardless of whether or not one agrees or disagrees with Kelton\u2019s ideas.<\/p>\n","protected":false},"excerpt":{"rendered":"

? UNDER THE LAMPLIGHT- Forget everything you thought you knew about Modern Monetary Theory (MMT). The Deficit Myth by economist Stephanie Kelton challenges conventional wisdom when it comes to government deficits and debt, exploring how MMT impacts the economy, the ins and outs of fiscal policy, and the role of the government in the economy. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9592],"tags":[641,633,1132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-606386","post","type-post","status-publish","format-standard","hentry","category-enterprise-recommends-2","tag-enterprise-recommends","tag-enterprisepm","tag-under-the-lamplight","wpautop","entry"],"acf":{"mongo_id":"0daabd2d-1559-4870-9dae-839a081d9294","is_powered_by":false,"section_story_id":"3abfbb2b-f39d-41f1-904c-6a5aaa521333","story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[606373],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/9\/.bd50182a-6f0c-4fff-b384-b17ab6a85870.mp3"},"yoast_head":"\nDeficits and debts, decoded by economist Stephanie Kelton - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/09\/14\/deficits-and-debts-decoded-by-economist-stephanie-kelton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deficits and debts, decoded by economist Stephanie Kelton\" \/>\n<meta property=\"og:description\" content=\"? UNDER THE LAMPLIGHT- Forget everything you thought you knew about Modern Monetary Theory (MMT). The Deficit Myth by economist Stephanie Kelton challenges conventional wisdom when it comes to government deficits and debt, exploring how MMT impacts the economy, the ins and outs of fiscal policy, and the role of the government in the economy. 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Modern monetary theory (MMT) has been getting a lot of attention in the global financial press as of late. The unorthodox set of policy prescriptions gaining traction among Democratic candidates in the US presidential election have been roundly denounced by Keynesians and neoliberals alike. 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The report forecasts wheat imports to hit 12.6 mn metric tonnes (MMT), corn imports to increase to 9.5 MMT and rice imports to reach 500k MMT\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553256,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/30\/economics-simplified-in-yanis-varoufakis-talking-to-my-daughter-about-the-economy\/","url_meta":{"origin":606386,"position":2},"title":"Economics, simplified in Yanis Varoufakis\u2019 Talking to My Daughter about the Economy","author":"enterpriseam admin","date":"30 October 2022","format":false,"excerpt":"? UNDER THE LAMPLIGHT- Demystifying Economics: Former Greek Finance Minister and left-wing economist Yanis Varoufakis explains capitalism in the form of a letter addressed to his daughter Xenia in his book Talking to My Daughter about the Economy. The book, which he wrote in just nine days, ditches the complex\u2026","rel":"","context":"In "ENTERPRISE RECOMMENDS"","block_context":{"text":"ENTERPRISE RECOMMENDS","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-recommends-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602945,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/10\/can-modern-monetary-theory-help-emerging-markets\/","url_meta":{"origin":606386,"position":3},"title":"Can modern monetary theory help emerging markets?","author":"enterpriseam admin","date":"10 April 2019","format":false,"excerpt":"Can modern monetary theory help emerging markets? 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