Alpha Beta Blog
Published in

Alpha Beta Blog

The U.S. National Debt

Photo by Ruth Enyedi on Unsplash

I wrote the story below about the U.S. debt situation a few months ago. Lately, I’ve been reading a lot about MMT (Modern Monetary Theory), which argues that because the U.S. borrows in its own currency, the national debt doesn’t matter. I don’t think that’s true.

MMT feels like an attempt to rationalize ever increasing amounts of federal debt by attempting to convince everyone that “debt denominated in a nation’s own…




An attempt to unravel the mystery of stock markets and make some profits along the way. Follow Alpha Beta Blog to join our community!

Recommended from Medium

The value of minority business associations — Public Policy Scope

The virus, learning from the virus is more important than the economy!

Capitalism and disparity

Small Business Express

March was a great month to be selling new cars!

10 years since the start of the crisis: back to recovery

Important financial lessons from the 2020 pandemic

Big Cities Mass Poverty

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tony Yiu

Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support my writing:

More from Medium

Bubbles Aren’t All Bad

Inflation is running hotter than it has in more than 40 years

Why The Saudis Won’t Pump More Oil

The Euro Crisis of 2011