The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy

How does the federal government’s role as a currency issuer fundamentally differ from a household’s role as a currency user? Analyze how this distinction shapes Kelton’s arguments about federal spending and debt.

Evaluate Kelton’s proposal for a federal jobs guarantee. How does she argue this would function as an automatic economic stabilizer? What potential challenges and benefits does she identify?

How does modern monetary theory reframe the concept of fiscal responsibility? Compare and contrast this perspective with conventional views about government deficits and debt.