The Deficit Myth with Stephanie Kelton
Anyone familiar with Australian political debate will know that while we can always afford tax cuts and defence spending, somehow we can never afford to raise Newstart, or to build social housing because we have to “live within our means” and get back to a budget surplus as soon as possible. But that’s not how the economy really works. We talked to Professor Stephanie Kelton about her new book “The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy” in conversation with our chief economist at the Australia institute Richard Denniss as part of our ‘Economics of a Pandemic’ webinar series.
Host: Visit tai.org.au for our latest pandemic economic research and analysis // @theausinstitute
Host: Ebony Bennett, deputy director of the Australia Institute // @ebony_bennett
Guests:
Stephanie Kelton, author of The Deficit Myth // @StephanieKelton
Richard Denniss, chief economist of the Australia Institute // @RDNS_TAI
Producer: Jennifer Macey
Theme music is by Jonathan McFeat from Pulse and Thrum
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Australia budget 2024: the six graphs you need to see
A bigger surplus this year and a bit bigger deficit next year! Does it matter?
5 ways and 63 billion reasons to improve Australia’s tax system
With a federal election just around the corner, new analysis from The Australia Institute reveals 63 billion reasons why our next Parliament should improve the nation’s tax system.
Busting the myth that Australia collects too much income tax
New Australia Institute research reveals claims Australia is over-reliant on income tax are significantly overstated and founded on a narrow and misrepresentative definition of income tax.