Why we need to debunk the 'deficit myth'
Government spending is currently growing at an unprecedented rate to deal with the effects of the global pandemic. Many people worry that this could burden future generations with a crippling debt to repay.
However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending. Could the principles of Modern Monetary Theory help us not only navigate our way out of this crisis but also to build a fairer economy?
Animation by Jacqueline Nixon
