Stephanie Kelton

Stephanie Kelton is an economist known for her work on modern monetary theory (MMT), which explains how governments that control their own currencies can create money to fund public services without necessarily causing inflation. She advocates for using this approach to invest in infrastructure, healthcare, and education, arguing that concerns about budget deficits are often overstated. Kelton’s ideas challenge traditional views on government spending and deficits, emphasizing that as long as inflation is controlled, governments can effectively use their monetary capacity to promote economic growth and social well-being.