The deficit myth is a barrier to achieving a better future for all from "summary" of The Deficit Myth by Stephanie Kelton
The deficit myth is a pervasive and harmful idea that has led us astray for far too long. It holds us back from achieving a better future for all because it constrains our thinking and limits our possibilities. By perpetuating the myth that the government must balance its budget like a household, we have constrained our ability to address pressing issues such as climate change, inequality, and healthcare. This myth has led us to believe that we must make painful trade-offs between fiscal responsibility and public well-being. It has forced us into a scarcity mindset where we believe that there is not enough money to go around. This mindset has prevented us from investing in our future and has kept us stuck in a cycle of austerity and economic stagnation. We must break free from the deficit myth in order to build a better future for all. We must recognize that the government's budget is not like a household bu...
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