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Stephanie Kelton
Finance & Economics
Stephanie Kelton is an American heterodox economist and leading proponent of modern monetary theory, author of The Deficit Myth and a university professor.
Biography
Stephanie A. Kelton (born October 10, 1969) is an American heterodox economist and a leading proponent of modern monetary theory. She is the author of The Deficit Myth, a New York Times bestseller, and served as an advisor to Bernie Sanders's 2016 presidential campaign, also working for the Senate Budget Committee under his chairmanship.
Kelton is a professor at Stony Brook University and a senior fellow at the Schwartz Center for Economic Policy Analysis at The New School for Social Research. She was formerly a professor at the University of Missouri–Kansas City and is the founder and editor-in-chief of the blog New Economic Perspectives. She was named one of Politico's 50 thinkers transforming American politics in 2016, Fast Company listed her among the most creative people in business, and in 2019 she joined the board of Matriarch PAC.
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Books by Stephanie Kelton
The Deficit Myth
The Deficit Myth explains modern monetary theory (MMT) as a new way to understand money, taxes, and deficit spending. It challenges common deficit myths—such as that governments should budget like households or that deficits inevitably harm future generations—and reframes fiscal choices in terms of broader economic and social benefits.