The Deficit Myth

Henry George School of Social Science

Spring 2024

Week 1 (April 1 2024) 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.