Be careful, jerks in sight!
Stephanie Kelton's
Myth of Deficit
attacks many certainties that are certainly shared by many readers of
Le Figaro
.
The American economist, professor at Stony Brook University, who advised the former candidate for the Democratic nomination Bernie Sanders, is one of the pillars of the heterodox current of modern monetary theory.
In her essay, which appears this year in its French translation (Les Liens qui libéré), she pedagogically exposes its main
axioms.
Read also:
After the debt surge in 2020, the question of the terms of its repayment resurfaces
The first takes in reverse all the lessons of liberal economics: far from being an object of fear, budget deficits should be considered as financial contributions enriching the economy.
For the economist, it is indeed absurd to compare the finances of the State and those of a household.
This has nothing to do, she explains because "
the United States will never have to worry about being short of money
", Washington, having the power via the Federal Reserve to issue
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