Despite James Mackintosh’s suggestion in “Streetwise: Modern Monetary Theory Isn’t Coming in the Future. It’s Here Now” (Markets, Nov. 22), MMT remains a niche theory endorsed by only a small but ...

Few words spark more anxiety in public debate than "national debt" and "government deficit." National debt is the total amount of money the government owes, accumulated over years of running deficits.

New York Times reporter Jeanna Smialek stirred up a hornet’s nest in the world of economics this weekend, publishing a profile of economist Stephanie Kelton, a leading proponent of a controversial ...

Our old friends, the supporters of Modern Monetary Theory (MMT), made a surprise cameo on social media last week when a brief clip from their documentary “Finding the Money” went viral. In the clip, ...

Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Before we ...

Sometimes ideas that seem obviously silly catch on and cause serious destruction. In the late 2000s Australian economist Bill Mitchell coined the term “Modern Monetary Theory,” or MMT, to describe ...