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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…

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Tony Yiu

Tony Yiu

Data scientist. Founder Alpha Beta Blog. Doing my best to explain the complex in plain English. Support my writing: https://tonester524.medium.com/membership

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