3min chapter

TED Business cover image

The big myth of government deficits | Stephanie Kelton

TED Business

CHAPTER

How Will You Pay for It?

For a while, it looked like the us. And other countries were starting to break the mould on the old way of thinkin about deficits and taxes. But now here we are, just a handful of months after all that bold action, and we're sliding back into our old habits of thought. As congress debates these questions, every one is back to asking, how will you pay for it? It's the wrong question. In fact, the right questions don't involve money at all. Instead of worrying about where the financing will come from, we should be asking, are these things worth doing? Will they make society better off? And do we have the political will to act? I

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