The Deficit Myth – LPE Project https://lpeproject.org The Law and Political Economy Project Wed, 28 Sep 2022 04:51:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://lpeproject.org/wp-content/uploads/2020/08/cropped-LPE_Favicon_512px_BlackBG-450x450.png The Deficit Myth – LPE Project https://lpeproject.org 32 32 MMT and the Homes Guarantee https://lpeproject.org/blog/mmt-and-the-homes-guarantee/ Thu, 10 Sep 2020 04:00:00 +0000 https://lpeproject.org/?p=4545 This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here. In The Deficit Myth, Stephanie Kelton invites us to imagine a people’s economy through the lens of Modern Monetary Theory (MMT). MMT is an economic framework that recognizes that governments with exclusive legal control over their own currency (monetary sovereignty) can never run out of...

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]]> The Deficit Myth: Banking Between The Lines https://lpeproject.org/blog/the-deficit-myth-banking-between-the-lines/ Wed, 09 Sep 2020 16:11:06 +0000 https://lpeproject.org/?p=4537 This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here. Several commenters have argued that The Deficit Myth (TDM) says little about “private finance.” For instance, in an otherwise sympathetic recap, fellow heterodox economist J.W. Mason claims it’s “hardly mentioned….” Mason’s argument broadens into a criticism that MMT ignores private...

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]]> Breadth and Taxes https://lpeproject.org/blog/breadth-and-taxes/ Tue, 08 Sep 2020 07:00:00 +0000 https://lpeproject.org/?p=4527 This post is part of our symposium on Stephanie Kelton’s The Deficit Myth. You can find the full symposium here. Into the dual fiscal crises of COVID-19 and campaigns to Defund the Police comes Stephanie Kelton’s long-awaited book “The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy.” The book eschews the dense writing that is often found in MMT texts...

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