The Deficit Myth

Henry George School of Social Science

Spring 2022

Week 1 (April 18 2022) Discussion Questions

Introduction: Bumper Sticker Shock

• Explain the following terminology used by Kelton in the Introduction:

  • monetary sovereignty
  • functional finance
  • real productive resources
  • spectrum of monetary sovereignty (see endnote 1, p. 269)
• Kelton identifies characterizes 6 concepts as deficit myths; name each one.