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8 Views· 06 August 2022

Why we need to debunk the 'deficit myth' - BBC REEL


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Government spending is increasing at an unprecedented rate to deal with the effects of the coronavirus pandemic. Many people worry this could burden future generations.

However, economist Stephanie Kelton, author of The Deficit Myth, argues that we need to rethink our attitudes towards government spending.

Could Modern Monetary Theory help us navigate our way out of this crisis – and even help build a fairer economy?


Producer: Dan John
Animation: Jacqueline Nixon

#bbcreel #bbc #bbcnews

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