
The Deficit Myth
Modern Monetary Theory and the Birth of the People's Economy
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wishlist failed.
Adding to library failed
Follow podcast failed
Unfollow podcast failed
$0.99/mo for the first 3 months

Buy for $21.83
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
-
Narrated by:
-
Stephanie Kelton
-
By:
-
Stephanie Kelton
About this listen
A New York Times best seller
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.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2020 Stephanie Kelton (P)2020 PublicAffairsListeners also enjoyed...
-
Capital in the Twenty-First Century
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
-
-
The Financial Times' Critique Doesn't Detract
- By Madeleine on 05-22-14
By: Thomas Piketty, and others
-
The System
- Who Rigged It, How We Fix It
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 6 hrs and 7 mins
- Unabridged
-
Overall
-
Performance
-
Story
Millions of Americans have lost confidence in our political and economic system. After years of stagnant wages, volatile job markets, and an unwillingness by those in power to deal with profound threats such as climate change, there is a mounting sense that the system is fixed, serving only those select few with enough money to secure a controlling stake. With the characteristic clarity and passion that has made him a central civil voice, Robert B. Reich shows how wealth and power have interacted to install an elite oligarchy, eviscerate the middle class, and undermine democracy.
-
-
Turn Off Your TV. Wake Up and Listen Now!
- By Benchmark on 03-25-20
By: Robert B. Reich
-
Inflation
- What It Is, Why It's Bad, and How to Fix It
- By: Steve Forbes, Nathan Lewis, Elizabeth Ames
- Narrated by: Carol Monda
- Length: 4 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?
-
-
precise information
- By Brandy E. Young on 05-03-22
By: Steve Forbes, and others
-
Bullshit Jobs
- A Theory
- By: David Graeber
- Narrated by: Christopher Ragland
- Length: 12 hrs and 39 mins
- Unabridged
-
Overall
-
Performance
-
Story
Does your job make a meaningful contribution to the world? In the spring of 2013, David Graeber asked this question in a playful, provocative essay titled “On the Phenomenon of Bullshit Jobs”. It went viral. After a million online views in 17 different languages, people all over the world are still debating the answer.
-
-
Incredibly disappointing...
- By Jordan Burton on 12-21-18
By: David Graeber
-
The Big Myth
- How American Business Taught Us to Loathe Government and Love the Free Market
- By: Naomi Oreskes, Erik M. Conway
- Narrated by: Liza Seneca
- Length: 21 hrs and 27 mins
- Unabridged
-
Overall
-
Performance
-
Story
In the early 20th century, business elites, trade associations, wealthy powerbrokers, and media allies set out to build a new American orthodoxy: down with 'big government' and up with unfettered markets. With startling archival evidence, Oreskes and Conway document campaigns to rewrite textbooks, combat unions, and defend child labor.
-
-
Refuting the Chicago School
- By Todd W. Laveen on 06-01-23
By: Naomi Oreskes, and others
-
The Shock Doctrine
- The Rise of Disaster Capitalism
- By: Naomi Klein
- Narrated by: Jennifer Wiltsie
- Length: 9 hrs and 2 mins
- Abridged
-
Overall
-
Performance
-
Story
In her groundbreaking reporting, Naomi Klein introduced the term "disaster capitalism." Whether covering Baghdad after the U.S. occupation, Sri Lanka in the wake of the tsunami, or New Orleans post-Katrina, she witnessed something remarkably similar. People still reeling from catastrophe were being hit again, this time with economic "shock treatment," losing their land and homes to rapid-fire corporate makeovers. The Shock Doctrine retells the story of the most dominant ideology of our time, Milton Friedman's free market economic revolution.
-
-
If It's Bad for Humanity, It's Good for Business
- By Nelson Alexander on 09-29-07
By: Naomi Klein
-
Capital in the Twenty-First Century
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
-
-
The Financial Times' Critique Doesn't Detract
- By Madeleine on 05-22-14
By: Thomas Piketty, and others
-
The System
- Who Rigged It, How We Fix It
- By: Robert B. Reich
- Narrated by: Robert B. Reich
- Length: 6 hrs and 7 mins
- Unabridged
-
Overall
-
Performance
-
Story
Millions of Americans have lost confidence in our political and economic system. After years of stagnant wages, volatile job markets, and an unwillingness by those in power to deal with profound threats such as climate change, there is a mounting sense that the system is fixed, serving only those select few with enough money to secure a controlling stake. With the characteristic clarity and passion that has made him a central civil voice, Robert B. Reich shows how wealth and power have interacted to install an elite oligarchy, eviscerate the middle class, and undermine democracy.
-
-
Turn Off Your TV. Wake Up and Listen Now!
- By Benchmark on 03-25-20
By: Robert B. Reich
-
Inflation
- What It Is, Why It's Bad, and How to Fix It
- By: Steve Forbes, Nathan Lewis, Elizabeth Ames
- Narrated by: Carol Monda
- Length: 4 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?
-
-
precise information
- By Brandy E. Young on 05-03-22
By: Steve Forbes, and others
-
Bullshit Jobs
- A Theory
- By: David Graeber
- Narrated by: Christopher Ragland
- Length: 12 hrs and 39 mins
- Unabridged
-
Overall
-
Performance
-
Story
Does your job make a meaningful contribution to the world? In the spring of 2013, David Graeber asked this question in a playful, provocative essay titled “On the Phenomenon of Bullshit Jobs”. It went viral. After a million online views in 17 different languages, people all over the world are still debating the answer.
-
-
Incredibly disappointing...
- By Jordan Burton on 12-21-18
By: David Graeber
-
The Big Myth
- How American Business Taught Us to Loathe Government and Love the Free Market
- By: Naomi Oreskes, Erik M. Conway
- Narrated by: Liza Seneca
- Length: 21 hrs and 27 mins
- Unabridged
-
Overall
-
Performance
-
Story
In the early 20th century, business elites, trade associations, wealthy powerbrokers, and media allies set out to build a new American orthodoxy: down with 'big government' and up with unfettered markets. With startling archival evidence, Oreskes and Conway document campaigns to rewrite textbooks, combat unions, and defend child labor.
-
-
Refuting the Chicago School
- By Todd W. Laveen on 06-01-23
By: Naomi Oreskes, and others
-
The Shock Doctrine
- The Rise of Disaster Capitalism
- By: Naomi Klein
- Narrated by: Jennifer Wiltsie
- Length: 9 hrs and 2 mins
- Abridged
-
Overall
-
Performance
-
Story
In her groundbreaking reporting, Naomi Klein introduced the term "disaster capitalism." Whether covering Baghdad after the U.S. occupation, Sri Lanka in the wake of the tsunami, or New Orleans post-Katrina, she witnessed something remarkably similar. People still reeling from catastrophe were being hit again, this time with economic "shock treatment," losing their land and homes to rapid-fire corporate makeovers. The Shock Doctrine retells the story of the most dominant ideology of our time, Milton Friedman's free market economic revolution.
-
-
If It's Bad for Humanity, It's Good for Business
- By Nelson Alexander on 09-29-07
By: Naomi Klein
-
The Wealth of Nations
- By: Adam Smith
- Narrated by: Gildart Jackson
- Length: 36 hrs and 43 mins
- Unabridged
-
Overall
-
Performance
-
Story
The foundation for all modern economic thought and political economy, The Wealth of Nations is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words.
-
-
ADAM SMITH
- By chetyarbrough.blog on 01-20-15
By: Adam Smith
-
A Monetary and Fiscal History of the United States, 1961-2021
- By: Alan S. Blinder
- Narrated by: Todd McLaren
- Length: 15 hrs and 12 mins
- Unabridged
-
Overall
-
Performance
-
Story
Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before—one that is a pleasure to listen to, and as interesting as it is important.
-
-
Listen for Nixon's Sake
- By Tricia on 10-26-22
By: Alan S. Blinder
-
Money
- The True Story of a Made-Up Thing
- By: Jacob Goldstein
- Narrated by: Jacob Goldstein
- Length: 5 hrs and 37 mins
- Unabridged
-
Overall
-
Performance
-
Story
The cohost of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
-
-
well researched and written but,
- By C&S on 09-29-20
By: Jacob Goldstein
-
Central Banking 101
- By: Joseph J Wang
- Narrated by: Bill Anciaux
- Length: 4 hrs and 49 mins
- Unabridged
-
Overall
-
Performance
-
Story
Central banking is magic. With a few words, the Fed can lift the stock market out of desperation and catapult it towards euphoric highs. With a few keystrokes, the Fed can conjure up trillions of dollars and fund virtually unlimited Federal spending. And with a few poor decisions, the Fed can plunge the entire world into a recession. The Federal Reserve is one of the most powerful institutions in the world, and also one of the most difficult to understand.
-
-
Very dense!
- By Timothy on 12-01-24
By: Joseph J Wang
-
Why Nations Fail
- The Origins of Power, Prosperity, and Poverty
- By: Daron Acemoglu, James A. Robinson
- Narrated by: Dan Woren
- Length: 17 hrs and 55 mins
- Unabridged
-
Overall
-
Performance
-
Story
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine?
-
-
Pros and Cons of "Why Nations Fail"
- By Joshua Kim on 05-01-12
By: Daron Acemoglu, and others
-
How to Hide an Empire
- A History of the Greater United States
- By: Daniel Immerwahr
- Narrated by: Luis Moreno
- Length: 17 hrs and 25 mins
- Unabridged
-
Overall
-
Performance
-
Story
We are familiar with maps that outline all 50 states. And we are also familiar with the idea that the United States is an "empire", exercising power around the world. But what about the actual territories - the islands, atolls, and archipelagos - this country has governed and inhabited? In How to Hide an Empire, author Daniel Immerwahr tells the fascinating story of the United States outside the United States. In crackling, fast-paced prose, he reveals forgotten episodes that cast American history in a new light.
-
-
How to beat a straw man to death
- By Susan on 01-25-20
By: Daniel Immerwahr
-
Principles for Dealing with the Changing World Order
- Why Nations Succeed or Fail
- By: Ray Dalio
- Narrated by: Jeremy Bobb, Ray Dalio
- Length: 16 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
From legendary investor Ray Dalio, author of the number-one New York Times best seller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes - and to offer practical advice on how to navigate them well.
-
-
Ray Dalio, Chinas New Minister of Propoganda
- By Dudley on 01-04-22
By: Ray Dalio
-
The Hidden History of Neoliberalism
- How Reaganism Gutted America and How to Restore Its Greatness
- By: Thom Hartmann
- Narrated by: Sean Pratt
- Length: 4 hrs and 28 mins
- Unabridged
-
Overall
-
Performance
-
Story
While America is at a crossroads regarding its economic future, many of us don’t fully understand how we got here. In this powerful and accessible book, Thom Hartmann demystifies neoliberalism and outlines the impact that it has had on America, looking at different sectors, including healthcare, unemployment, and education. Hartmann highlights how America can go one of two ways: continue going down the road to neoliberal oligarchy, as supported by the GOP, or return to FDR’s Keynesian economics, raise taxes on the rich, reverse free trade, and create a more pluralistic society.
-
-
Everyone needs to read this book
- By P. Cohen on 12-31-23
By: Thom Hartmann
-
The Age of Oversupply
- Overcoming the Greatest Challenge to the Global Economy
- By: Daniel Alpert
- Narrated by: Don Hagen
- Length: 10 hrs and 34 mins
- Unabridged
-
Overall
-
Performance
-
Story
The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply.
-
-
Great book but now out of date
- By emory morsberger on 11-30-17
By: Daniel Alpert
-
Manufacturing Consent
- The Political Economy of the Mass Media
- By: Edward S. Herman, Noam Chomsky
- Narrated by: John Pruden
- Length: 15 hrs and 24 mins
- Unabridged
-
Overall
-
Performance
-
Story
In this pathbreaking work, now with a new introduction, Edward S. Herman and Noam Chomsky show that, contrary to the usual image of the news media as cantankerous, obstinate, and ubiquitous in their search for truth and defense of justice, in their actual practice they defend the economic, social, and political agendas of the privileged groups that dominate domestic society, the state, and the global order.
-
-
Eye opening
- By EFM on 03-24-18
By: Edward S. Herman, and others
-
Principles for Navigating Big Debt Crises
- By: Ray Dalio
- Narrated by: Stephen Graybill
- Length: 16 hrs and 52 mins
- Unabridged
-
Overall
-
Performance
-
Story
As he explained in his #1 New York Times bestseller Principles, Ray Dalio believes that most everything happens over and over again through time so that by studying patterns one can understand the cause-effect relationships behind events and develop principles for dealing with them well. In this three-part research series, he does just that for big debt crises and shares his template in the hopes of reducing the chances of big debt crises happening and helping them be better managed in the future.
-
-
Interesting book
- By Mark on 02-06-23
By: Ray Dalio
-
The Storm Before the Calm
- America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
- By: George Friedman
- Narrated by: Bruce Turk
- Length: 9 hrs and 16 mins
- Unabridged
-
Overall
-
Performance
-
Story
In his riveting new book, noted forecaster and best-selling author George Friedman turns to the future of the United States. Examining the clear cycles through which the United States has developed, upheaved, matured, and solidified, Friedman breaks down the coming years and decades in thrilling detail.
-
-
For the kids, a golden age
- By C. Walker on 03-01-20
By: George Friedman
Critic reviews
"Kelton's mission in this powerful book is to free us from defunct orthodox thinking about fiscal deficits rooted in the bygone era of the gold standard. Her theoretical canvas is modern monetary theory. At its core MMT offers a simple proposition: In a fiat currency world, the finances of we the people ain't the same as a summing up of our individual budget constraints, because we the people can't go broke, only deficit-spend our collective self into inflationary excesses. In the prevailing era of too-low inflation, the macro policy implication should be obvious: We the people presently have far more fiscal space than the deficit scold, pay-for crowd preaches. Kelton is a gifted writer and teacher and I confidently predict that The Deficit Myth, brilliantly written and argued, will become the defining book on what MMT is - and what it is not." (Paul Allen McCulley, retired managing director and chief economist, PIMCO, and senior fellow, Cornell University Law School)
"Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it!" (Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global Economy)
"A remarkable book both in content and timing. A 'must-read' that is sure to influence many aspects of policymaking going forward." (Mohamed El-Erian, chief economic advisor, Allianz)
People who viewed this also viewed...
-
Money
- The True Story of a Made-Up Thing
- By: Jacob Goldstein
- Narrated by: Jacob Goldstein
- Length: 5 hrs and 37 mins
- Unabridged
-
Overall
-
Performance
-
Story
The cohost of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
-
-
well researched and written but,
- By C&S on 09-29-20
By: Jacob Goldstein
-
Inflation
- What It Is, Why It's Bad, and How to Fix It
- By: Steve Forbes, Nathan Lewis, Elizabeth Ames
- Narrated by: Carol Monda
- Length: 4 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?
-
-
precise information
- By Brandy E. Young on 05-03-22
By: Steve Forbes, and others
-
A Monetary and Fiscal History of the United States, 1961-2021
- By: Alan S. Blinder
- Narrated by: Todd McLaren
- Length: 15 hrs and 12 mins
- Unabridged
-
Overall
-
Performance
-
Story
Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before—one that is a pleasure to listen to, and as interesting as it is important.
-
-
Listen for Nixon's Sake
- By Tricia on 10-26-22
By: Alan S. Blinder
-
Capital in the Twenty-First Century
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
-
-
The Financial Times' Critique Doesn't Detract
- By Madeleine on 05-22-14
By: Thomas Piketty, and others
-
Debt - Updated and Expanded
- The First 5,000 Years
- By: David Graeber
- Narrated by: Grover Gardner
- Length: 17 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Here, anthropologist David Graeber presents a stunning reversal of conventional wisdom: He shows that before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods - that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors.
-
-
Transformative to the point of being revolutionary
- By James C. Samans on 08-14-16
By: David Graeber
-
Trillion Dollar Triage
- How Jay Powell and the Fed Battled a President and a Pandemic - and Prevented Economic Disaster
- By: Nick Timiraos
- Narrated by: Nick Timiraos, Peter Ganim
- Length: 12 hrs and 33 mins
- Unabridged
-
Overall
-
Performance
-
Story
By February 2020, the U.S. economic expansion had become the longest on record. Unemployment was plumbing half-century lows. Stock markets soared to new highs. One month later, the public health battle against a deadly virus had pushed the economy into the equivalent of a medically induced coma. America’s workplaces—offices, shops, malls, and factories—shuttered.
-
-
Hard to listen. Mostly an anti Trump book.
- By NL on 04-17-22
By: Nick Timiraos
-
Money
- The True Story of a Made-Up Thing
- By: Jacob Goldstein
- Narrated by: Jacob Goldstein
- Length: 5 hrs and 37 mins
- Unabridged
-
Overall
-
Performance
-
Story
The cohost of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity's changing needs.
-
-
well researched and written but,
- By C&S on 09-29-20
By: Jacob Goldstein
-
Inflation
- What It Is, Why It's Bad, and How to Fix It
- By: Steve Forbes, Nathan Lewis, Elizabeth Ames
- Narrated by: Carol Monda
- Length: 4 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inflation: What It Is, Why It’s Bad, and How to Fix It explains what’s behind the worst inflationary storm in more than forty years—one that is dominating the headlines and shaking Americans by their pocketbooks. The cost-of-living explosion since the COVID pandemic has raised alarms about a possible return of a 1970’s-style “Great Inflation.” Some observers even fear a descent into the kind of Weimar-style hyperinflation that has torn apart so many nations. Is this true? If so, what should be done? How should we prepare for the future?
-
-
precise information
- By Brandy E. Young on 05-03-22
By: Steve Forbes, and others
-
A Monetary and Fiscal History of the United States, 1961-2021
- By: Alan S. Blinder
- Narrated by: Todd McLaren
- Length: 15 hrs and 12 mins
- Unabridged
-
Overall
-
Performance
-
Story
Alan Blinder, one of the world's most influential economists and one of the field's best writers, draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States. Spanning twelve presidents, from John F. Kennedy to Joe Biden, and eight Federal Reserve chairs, from William McChesney Martin to Jerome Powell, this is an insider's story of macroeconomic policy that hasn't been told before—one that is a pleasure to listen to, and as interesting as it is important.
-
-
Listen for Nixon's Sake
- By Tricia on 10-26-22
By: Alan S. Blinder
-
Capital in the Twenty-First Century
- By: Thomas Piketty, Arthur Goldhammer - translator
- Narrated by: L. J. Ganser
- Length: 24 hrs and 58 mins
- Unabridged
-
Overall
-
Performance
-
Story
What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories.
-
-
The Financial Times' Critique Doesn't Detract
- By Madeleine on 05-22-14
By: Thomas Piketty, and others
-
Debt - Updated and Expanded
- The First 5,000 Years
- By: David Graeber
- Narrated by: Grover Gardner
- Length: 17 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Here, anthropologist David Graeber presents a stunning reversal of conventional wisdom: He shows that before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods - that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors.
-
-
Transformative to the point of being revolutionary
- By James C. Samans on 08-14-16
By: David Graeber
-
Trillion Dollar Triage
- How Jay Powell and the Fed Battled a President and a Pandemic - and Prevented Economic Disaster
- By: Nick Timiraos
- Narrated by: Nick Timiraos, Peter Ganim
- Length: 12 hrs and 33 mins
- Unabridged
-
Overall
-
Performance
-
Story
By February 2020, the U.S. economic expansion had become the longest on record. Unemployment was plumbing half-century lows. Stock markets soared to new highs. One month later, the public health battle against a deadly virus had pushed the economy into the equivalent of a medically induced coma. America’s workplaces—offices, shops, malls, and factories—shuttered.
-
-
Hard to listen. Mostly an anti Trump book.
- By NL on 04-17-22
By: Nick Timiraos
-
Trade Wars Are Class Wars
- How Rising Inequality Distorts the Global Economy and Threatens International Peace
- By: Matthew C. Klein, Michael Pettis
- Narrated by: Bob Souer
- Length: 8 hrs and 32 mins
- Unabridged
-
Overall
-
Performance
-
Story
Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past 30 years.
-
-
Narrator is robotic
- By dugmartssch on 05-22-20
By: Matthew C. Klein, and others
-
Talking to My Daughter About the Economy
- Or, How Capitalism Works - and How It Fails
- By: Yanis Varoufakis
- Narrated by: Leighton Pugh
- Length: 4 hrs and 51 mins
- Unabridged
-
Overall
-
Performance
-
Story
Yanis Varoufakis has appeared before heads of nations, assemblies of experts, and countless students around the world. Now, he faces his most important - and difficult - audience yet. Using clear language and vivid examples, Varoufakis offers a series of letters to his young daughter about the economy: how it operates, where it came from, how it benefits some while impoverishing others. Taking bankers and politicians to task, he explains the historical origins of inequality among and within nations, questions the pervasive notion that everything has its price, and shows why economic instability is a chronic risk.
-
-
Super Digestible
- By Sean on 06-30-22
By: Yanis Varoufakis
-
Angrynomics
- By: Eric Lonergan, Mark Blyth
- Narrated by: Eric Lonergan, Mark Blyth
- Length: 5 hrs and 3 mins
- Unabridged
-
Overall
-
Performance
-
Story
Why are measures of stress and anxiety on the rise when economists and politicians tell us we have never had it so good? While statistics tell us that the vast majority of people are getting steadily richer, the world most of us experience day in and day out feels increasingly uncertain, unfair, and ever more expensive. In Angrynomics, Eric Lonergan and Mark Blyth explore the rising tide of anger, sometimes righteous and useful, sometimes destructive and ill-targeted, and propose radical new solutions for an increasingly polarized and confusing world.
-
-
Call for rationality and cool-headedness
- By Octavian on 05-08-24
By: Eric Lonergan, and others
-
The Hammer
- Power, Inequality, and the Struggle for the Soul of Labor
- By: Hamilton Nolan
- Narrated by: Hamilton Nolan
- Length: 9 hrs and 45 mins
- Unabridged
-
Overall
-
Performance
-
Story
Inequality is America’s biggest problem. Unions are the single strongest tool that working people have to fix it. Organized labor has been in decline for decades. Yet it sits today at a moment of enormous opportunity. In the wake of the pandemic, a highly visible wave of strikes and new organizing campaigns have driven the popularity of unions to historic highs. The simmering battle inside of the labor movement over how to tap into its revolutionary potential—or allow it to be squandered—will determine the economic and social course of American life for years to come.
-
-
Absolutely amazing
- By Kristen Hagar on 11-20-24
By: Hamilton Nolan
-
The Road to Ruin
- The Global Elites' Secret Plan for the Next Financial Crisis
- By: James Rickards
- Narrated by: James Rickards
- Length: 10 hrs and 47 mins
- Unabridged
-
Overall
-
Performance
-
Story
Since 2014, international monetary agencies have been issuing warnings to a small group of finance ministers, banks, and private equity funds: The US government's cowardly choices not to prosecute J.P. Morgan and its ilk and to bloat the economy with a $4 trillion injection of easy credit are driving us headlong toward a cliff. As Rickards shows in this frightening, meticulously researched book, governments around the world have no compunction about conspiring against their citizens.
-
-
Same story he's written twice before
- By Richard on 01-17-17
By: James Rickards
-
21st Century Monetary Policy
- The Federal Reserve from the Great Inflation to COVID-19
- By: Ben S. Bernanke
- Narrated by: George Guidall
- Length: 16 hrs and 4 mins
- Unabridged
-
Overall
-
Performance
-
Story
A former chair of the Federal Reserve explains the transformation of one our most powerful and consequential institutions.
-
-
don't buy, horrible narration
- By Mr. Incognito on 05-18-22
By: Ben S. Bernanke
-
Chokepoints
- American Power in the Age of Economic Warfare
- By: Edward Fishman
- Narrated by: Robert Petkoff
- Length: 17 hrs and 2 mins
- Unabridged
-
Overall
-
Performance
-
Story
It used to be that ravaging another country’s economy required blockading its ports and laying siege to its cities. Now all it takes is a statement posted online by the U.S. government. In Chokepoints, Edward Fishman, a former top State Department sanctions official, takes us deep into the back rooms of power to reveal the untold history of the last two decades of U.S. foreign policy, in which America renounced the gospel of globalization and waged a new kind of economic war.
-
-
An economics textbook disguised as a thriller
- By Jesse Spevack on 03-26-25
By: Edward Fishman
-
Good Economics for Hard Times
- Better Answers to Our Biggest Problems
- By: Abhijit V. Banerjee, Esther Duflo
- Narrated by: James Lurie
- Length: 14 hrs and 45 mins
- Unabridged
-
Overall
-
Performance
-
Story
In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
-
-
audio is not The best format for a book like this
- By CB on 12-08-19
By: Abhijit V. Banerjee, and others
-
The Power and Independence of the Federal Reserve
- By: Peter Conti-Brown
- Narrated by: Brian Holsopple
- Length: 10 hrs and 40 mins
- Unabridged
-
Overall
-
Performance
-
Story
The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate.
-
-
Meandering, gossipy, a bit pop-journalistic
- By Philo on 10-03-16
-
The Road to Freedom
- Economics and the Good Society
- By: Joseph E. Stiglitz
- Narrated by: Paul Boehmer
- Length: 12 hrs and 38 mins
- Unabridged
-
Overall
-
Performance
-
Story
In The Road to Freedom, Nobel prize winner Joseph E. Stiglitz dissects America's current economic system and the political ideology that created it, laying bare their twinned failure. Free and unfettered markets have exploited consumers, workers, and the environment alike. These movements now pose a real threat to true economic and political freedom.
-
-
Send neoliberalism into the abyss where it belongs
- By marwalk on 08-16-24
-
A Generation of Sociopaths
- How the Baby Boomers Betrayed America
- By: Bruce Cannon Gibney
- Narrated by: Wayne Pyle
- Length: 14 hrs and 49 mins
- Unabridged
-
Overall
-
Performance
-
Story
What happens when a society is run by people who are antisocial? Welcome to baby boomer America. In A Generation of Sociopaths, Bruce Cannon Gibney shows how America was hijacked by the boomers, a generation whose reckless self-indulgence degraded the foundations of American prosperity.
-
-
Honest introspection required
- By Niki on 03-31-17
-
What Money Can't Buy
- The Moral Limits of Markets
- By: Michael J. Sandel
- Narrated by: Michael J. Sandel
- Length: 7 hrs and 28 mins
- Unabridged
-
Overall
-
Performance
-
Story
Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars? Auctioning admission to elite universities? Selling citizenship to immigrants willing to pay?
-
-
Challenging
- By Kendra on 02-25-13
What listeners say about The Deficit Myth
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
-
Overall
-
Performance
-
Story
- richard murphy
- 01-27-21
you won't be the same
1. taxes don't fund the government
2. taxes are used to control inflation
3. a progressive tax is used to diminish influence
4. a jobs program would provide billions of hours toward the public good
This would solve most of our current problems
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
2 people found this helpful
-
Overall
-
Performance
-
Story
- Dan Aquilina
- 01-18-21
Enlightening economic knowledge.
I listened to the Audible version and was pleased to admit that the author made it crystal clear. This is a turning point for our time.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
2 people found this helpful
-
Overall
-
Performance
-
Story
- Pen Name
- 07-08-20
Understanding of how a fiat currency should work.
Stephanie Kelton clearly shows how a fiat currency is supposed to work and how it does work in the United States when it comes to supporting wars, corporations, big business etc. but sadly the people's America has not woken up to force Congress to think of the needs of the people in the same way.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
1 person found this helpful
-
Overall
-
Performance
-
Story
- Absoleko
- 10-21-20
A must read book
It will change your view of the eco and your bet in the stock market.
The financial world will be totally different after you finish this book.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Peter Boyer
- 05-01-21
MMT, an idea whose time has come (hopefully!)
Effort is required to hear, understand, and accept the monetary approach presented here.
BUT, when the light goes on, it powerfully illuminates both the outmoded, imprisoning, effects of traditional thinking about money and deficits, AND the liberating, humane alternative.
Highly recommend!
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Security Guy
- 08-25-20
Wow..very powerful arguments
Purchased this book because I wanted to hear the antithesis of the Keynesian model. I was very skeptical due to my education. However, I was pleasantly surprised. Well done. I do not agree 100% with all assertions, but 80% is pretty solid.
Love the Tabs vs stab. Great way to explain a complex system in a simple and logical way.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- D. Bosko
- 09-05-20
This book is a Copernican moment.
Refocusing our fiscal policy on its effects on inflation and the demands put on our real resources is groundbreaking. The idea that we could be at this point in our history and these fundamental concepts would be in some way controversial is dispiriting.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Vladimir Duret
- 07-13-21
Radical/promising view of monetary + fiscal policy
Dispels the myths that hold us back as society. This is the start to exposing the poltical economy that limits our potential for a real “democratic” system where poltics and economy can be harmonized. All boats can truly rise together.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- Michael Rogers
- 10-07-21
Great book if a little too long
I loved the first half. Really mind expanding and educational. The second half felt like it was really just nailing home the same point again and again.
Heartily recommend though. I learned a lot about money and the economy. Definitely makes me look at the debt ceiling theatre through a new lens.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!
-
Overall
-
Performance
-
Story
- John Simon
- 09-30-20
Must Read. Must Listen. Must Implement.
If you interact with the modern economy, this is a necessary download, especially if you’ve been allures by the sugary bullshit that is Reaganomics.
Something went wrong. Please try again in a few minutes.
You voted on this review!
You reported this review!