Government deficits have gotten a bad rap, says economist Stephanie Kelton. In this groundbreaking talk, she makes the case to stop looking at government spending as a path towards frightening piles of debt, but rather as a financial contribution to the things that matter -- like health care, education, infrastructure and beyond. "We have the resources we need to begin repairing our broken systems," Kelton says. "But we have to believe it's possible."

Stephanie Kelton: The big myth of government deficits

The big myth of government deficits

Redefining fiscal responsibility: Investing in what matters—health care, education, infrastructure—without fear of debt.

Government spending myths debunked: Contrary to household budgets, federal spending introduces new money, not taxpayer debt.

True limits of government spending aren't debts or deficits, but whether we have the real resources and political will to act.