TED: The big myth of government deficits | Stephanie Kelton

The video discusses the economic impact of COVID-19 and how it highlighted existing deficits in areas like healthcare and education. It explores the concept of Modern Monetary Theory (MMT), which suggests that government budgets differ from household budgets, allowing for more flexible spending without the constraints of traditional deficit concerns. The video argues that deficits can be beneficial if used to invest in societal needs and emphasizes the importance of resource allocation over financial constraints. It concludes with a call to action to reshape the economy using available resources for a better future.

How does the speaker view the concept of deficits in the context of economic recovery?

What are the potential consequences of trying to make large investments in a full employment economy?

What does the speaker mean by 'we can build a new' in the context of post-pandemic recovery?

What is the speaker's hope for the future regarding public money and economic systems?