The Deficit Myth

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Publisher : PublicAffairs
ISBN 13 : 1541736206
Total Pages : 311 pages
Book Rating : 4.5/5 (417 download)

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Book Synopsis The Deficit Myth by : Stephanie Kelton

Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Do Deficits Matter?

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Publisher : University of Chicago Press
ISBN 13 : 9780226751122
Total Pages : 362 pages
Book Rating : 4.7/5 (511 download)

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Book Synopsis Do Deficits Matter? by : Daniel Shaviro

Download or read book Do Deficits Matter? written by Daniel Shaviro and published by University of Chicago Press. This book was released on 1997-05 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal

The Deficit and the Economy

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Author :
Publisher : DIANE Publishing
ISBN 13 : 9780788118067
Total Pages : 50 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis The Deficit and the Economy by : DIANE Publishing Company

Download or read book The Deficit and the Economy written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1995-06 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Uses a long term economic growth model to simulate 3 of many possible fiscal paths through the year 2025: one path that takes no action on the deficit, a path that "muddles through" with deficits at 3% of gross domestic product, roughly approximating deficits of recent years, and a path that reaches balance in 2002 and sustains it. Examines possible outcomes and affects of these paths. 8 charts and tables

Debt, Deficits, and the Demise of the American Economy

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Publisher : John Wiley & Sons
ISBN 13 : 1118021517
Total Pages : 224 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Debt, Deficits, and the Demise of the American Economy by : Peter J. Tanous

Download or read book Debt, Deficits, and the Demise of the American Economy written by Peter J. Tanous and published by John Wiley & Sons. This book was released on 2011-05-03 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: What investors can do to protect their investments in the next phase of the ongoing global economic collapse The United States is heading toward an unavoidable financial catastrophe that will paralyze the markets and the overall economy in ways never before seen. Some call this impending economic catastrophe a double-dip recession, others a financial Armageddon. Regardless of what it's called, it is too late to stop it. Debts, Deficits, and the Demise of the American Economy is a look at how we got here, how the crisis is unfolding, and how it will end with a stock market crash in 2012, if not sooner. Takes you through the unraveling of the collapse, starting with a wave of sovereign debt defaults in Europe Predicts a stock market decline of two to three thousand points, a run on banks resulting in a major bank crisis, and rampant inflation Provides investment strategies, including alternative investments such as timber, farm land, and oil Offers a detailed proposal to get the United States out of the crisis Debts, Deficits, and the Demise of the American Economy is a must-read, play-by-play account of the worldwide depression that is likely to unfold in the coming years.

Expansionary Austerity New International Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1455294691
Total Pages : 41 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Expansionary Austerity New International Evidence by : Mr.Daniel Leigh

Download or read book Expansionary Austerity New International Evidence written by Mr.Daniel Leigh and published by International Monetary Fund. This book was released on 2011-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.

Toward an Economy Without Deficits

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Toward an Economy Without Deficits by :

Download or read book Toward an Economy Without Deficits written by and published by . This book was released on 1986 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economic Consequences of Government Deficits

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Publisher : Springer Science & Business Media
ISBN 13 : 9400966849
Total Pages : 243 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis The Economic Consequences of Government Deficits by : L.H. Meyer

Download or read book The Economic Consequences of Government Deficits written by L.H. Meyer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 29 and 30, 1982, the Center for the Study of American Business and the Institute for Banking and Financial Markets at Washington "The Economic Consequences of University cosponsored a conference on Government Deficits. " This was the sixth annual Economic Policy Con ference sponsored by the Center, and the first it has cosponsored with the Institute. This book contains the papers and comments delivered at that conference. Recent and prospective large federal deficits have prompted a thorough reconsideration of the political sources and economic consequences of government deficits. The papers in Part I focus on the implications of deficits for monetary growth and inflation, and the papers in Part II consider the effect of deficits on interest rates and capital formation. The papers in Part III deal with the political sources and remedies for the explosive growth in government spending and increased reliance on deficits. The papers in Part I by Alan S. Blinder, Professor of Economics at Princeton University, and Preston J. Miller, Assistant Vice President and Research Advisor at the Federal Reserve Bank of Minneapolis, discuss the relation between monetary growth and deficits and present evidence on the of deficits on inflation and output. A deficit is said to be monetized effects vii viii THE ECONOMIC CONSEQUENCES OF GOVERNMENT DEFICITS when the Federal Reserve purchases bonds to aid the Treasury in financing the deficit.

The Deficit and the Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis The Deficit and the Economy by : United States. General Accounting Office

Download or read book The Deficit and the Economy written by United States. General Accounting Office and published by . This book was released on 1995 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bucking The Deficit

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Author :
Publisher : Routledge
ISBN 13 : 0429981600
Total Pages : 298 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Bucking The Deficit by : Saranna Thornton

Download or read book Bucking The Deficit written by Saranna Thornton and published by Routledge. This book was released on 2018-10-08 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the principal concepts, the most prominent theories, the primary processes, and the language of American economic policy. It is intended for students of American politics as an introduction to the American political economy.

Deficit

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Publisher : Apress
ISBN 13 : 1430248408
Total Pages : 143 pages
Book Rating : 4.4/5 (32 download)

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Book Synopsis Deficit by : Marie Bussing-Burks

Download or read book Deficit written by Marie Bussing-Burks and published by Apress. This book was released on 2012-12-03 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the turn of this century, the American national debt stood at just under $6 trillion and the deficit at a "mere" $86 billion. Today, the national debt has topped $15 trillion, and the yearly deficit for 2012 is projected at a whopping $1.2 trillion. This new, second edition of Deficits: Why Should I Care? updates all the statistics, charts, and forecasts, while adding a new chapter on how global economies now, for better or worse, affect the U.S. debt and the annual budget deficit. It also includes a new appendix detailing how the U.S. political parties view the debt issue. According to the U.S. Treasury Department’s Annual Report on the Public Debt, the debt is estimated to hit $19.6 trillion by 2015. The federal government has borrowed roughly 40 percent of its total budget for the last several years, a trend that could leave the U.S. in an economic crisis. Astronomical interest payments, a debt burden to your children and grandchildren, and an increased reliance on foreign creditors are just a few of the problems. Although the U.S. has experienced soaring unemployment, stagnant production, and a crippled housing market, foremost on many economists' minds are rising deficits and ballooning debt. Others feel fears of the national debt are overblown or pale in comparison to today’s economic problems. This clear, concise book will give you the need-to-know on the debt. You will learn: How to calculate deficits and the national debt The history of U.S debt and its recent unparalleled growth over the years How and why the government borrows money The economic arguments for, and against, accruing a debt Could we become like Greece if we don't cut our deficit? The impact of the debt on interest rates and inflation The impact of the debt on the value of the dollar and U.S. economic power This book also answers key questions: Can the government go bankrupt? Why have there seemingly been no repurcussions of the large debt to date and is that likely to change? When the interest on the debt becomes higher than the revenue of the government, what happens? And many more practical insights into the government debt controversy. Business professionals, parents, retirees, and students are all concerned about the debt. This quick read will provide an understanding of the ramifications of the rising debt and what the consequences may be.

The Budget Deficit and the National Debt

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Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Budget Deficit and the National Debt by : Kenneth W. Thompson

Download or read book The Budget Deficit and the National Debt written by Kenneth W. Thompson and published by . This book was released on 1997 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Budget Deficit and National Debt analyzes and attempts to better understand the problems associated with the debt and deficit. The theme of this book parallels the Miller Center's primary focus on governance and the presidency. The president is a key actor in submitting, approving, and administrating the budget. Therefore, the study of debt and deficit is in keeping with the Miller Center's focus on governance and the presidency. The book is divided into four sections. The first section discusses the debt and deficit from a variety of political perspectives and ideological approaches. Three contributors, representing different schools of thought and professional backgrounds, provide separate frameworks for considering the budget and deficit. The first section contrasts liberal, conservative, and independent views and compares the effects of the deficit on federal and local governments. The second section provides an overview of the origins and growth of the deficit and its effect on the U.S. economy. The authors outline interaction among and competition between economic and political forces operating in the United States, and they debate the merits of deficit reduction proposals. The third section examines the economic and political ramifications of the deficit, reviewing tactical and strategic errors and their consequences. The book concludes with a discussion of the political struggle over controlling the deficit and chronicles the ambitions and rivalries of two key political figures--Bill Clinton and Newt Gingrich. Their dispute over the seven year balanced-budget plan had significant influence on the policies of debt and deficit.

The Deficit and the Economy

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (64 download)

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Book Synopsis The Deficit and the Economy by : United States. General Accounting Office

Download or read book The Deficit and the Economy written by United States. General Accounting Office and published by . This book was released on 1995 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report updates a 1992 GAO study (GAO/OCG-92-2) on the long-term economic impact of the deficit, which concluded that deficit reduction was the key to America's long-term economic health. GAO noted that a path of inaction could not be sustained over the long run. If policymakers failed to take the initiatives, the economic consequences would force action. GAO identified three forces driving the long-term growth of budget deficits: health spending, interest costs, and--after 2010--Social Security. In its current report, GAO uses a long-term economic growth model to simulate three possible fiscal paths through the year 2025: (1) no action on the deficit; (2) "muddling through" with deficits at three percent of gross domestic product, roughly approximating deficits of recent years; and (3) reaching a balanced budget in 2002 and sustaining it.

The Misunderstood Economy

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Publisher : Harvard Business Review Press
ISBN 13 :
Total Pages : 250 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Misunderstood Economy by : Robert Eisner

Download or read book The Misunderstood Economy written by Robert Eisner and published by Harvard Business Review Press. This book was released on 1994 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: In clear, easy-to-understand language, The Misunderstood Economy explains how economic and social progress is and should be measured, confronting widespread misconceptions about debt and deficit, government spending and taxes, unemployment and inflation, foreign investment, and foreign trade.

Is the U.S. Trade Deficit Sustainable?

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Publisher : Peterson Institute
ISBN 13 : 9780881322644
Total Pages : 226 pages
Book Rating : 4.3/5 (226 download)

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Book Synopsis Is the U.S. Trade Deficit Sustainable? by : Catherine L. Mann

Download or read book Is the U.S. Trade Deficit Sustainable? written by Catherine L. Mann and published by Peterson Institute. This book was released on 1999 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of "twin deficits," as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs.

Budget Deficits and Debt

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 1567509312
Total Pages : 209 pages
Book Rating : 4.5/5 (675 download)

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Book Synopsis Budget Deficits and Debt by : Siamack Shojai

Download or read book Budget Deficits and Debt written by Siamack Shojai and published by Bloomsbury Publishing USA. This book was released on 1999-01-30 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited collection is a critical evaluation of the impact of fiscal imbalances on the economy of industrialized and developing countries as prepared by a diverse group of scholars involved in advanced research on public finance. Technical issues, economic consequences and the political economy of budget deficits and government debt are covered in one succinct volume. The work provides a balanced presentation of neo-classical views on measures of government deficits; the budget process and major budgetary legislation in the United States; and the impact of deficits on economic activity, exchange rates, inflation, financial markets, trade balance, and economic growth. It also examines the political economy of government budgets in the OECD, select developing economies, and South Africa. From the 1950s to the 1980s, economic activity and growth were affected by fiscal imbalances and excessive government activity in many countries. Although many actors have made retrenchment attempts, economic research has not resolved the conflicting arguments about the impact of fiscal imbalances on the global economy. This book provides a balanced presentation of all major issues related to the impact of fiscal activity on the economy.

Reducing the Deficit, Spending and Revenue Options

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Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Reducing the Deficit, Spending and Revenue Options by :

Download or read book Reducing the Deficit, Spending and Revenue Options written by and published by . This book was released on 1983 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Political Economy of Public Debt

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1785363387
Total Pages : 337 pages
Book Rating : 4.7/5 (853 download)

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Book Synopsis The Political Economy of Public Debt by : Richard M. Salsman

Download or read book The Political Economy of Public Debt written by Richard M. Salsman and published by Edward Elgar Publishing. This book was released on 2017-02-24 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.