PositiveThe Irish Times (IRE)...a thought-provoking new work by Stephanie Kelton, leading evangelist of the modern monetary theory school of thought. Kelton is a razor-sharp writer, making accessible to noneconomists what can be technically challenging material in other hands. Smashing shibboleths of conventional economic wisdom, the author is unafraid to point out that the emperor has no clothes ... She argues passionately for a more progressive economy, starting by flipping the script on how we conceive public finances and monetary policy. While written as polemic, The Deficit Myth is theoretically sound, though occasionally politically naive ... Modern monetary theory is an interesting alternative lens to better understand the constraints facing central banks and treasuries of some of the world’s leading economic players, but it should not be understood as a pain-free end to the budget constraint on economic policy. Death and taxes remain inevitable.
