How modern monetary theory questions the anxieties around debt
Author
Faculty Advisor
Date
2025-11-29
Keywords
US national debt crisis, Modern Monetary Theory (MMT), Peter G Peterson Foundation critique, Stephanie Kelton economics, US dollar hegemony, debt to GDP ratio explanation, monetary sovereignty, Reinhart and Rogoff austerity, US China
Abstract (summary)
Recently, top economists and historians assembled by the Peter G. Peterson Foundation sounded the alarm on the $38 trillion national debt in the US. The debt amounts to 120% of the GDP. However, Modern Monetary Theory (MMT) would reject this framing.
Publication Information
Jahangir, J. (2025, November 29). How modern monetary theory questions the anxieties around debt. The Friday Times. https://www.thefridaytimes.com/29-Nov-2025/modern-monetary-theory-challenges-anxieties-debt
DOI
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Item Type
Article
Language
Rights
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