The latest book I have started reading is a book called The Deficit Myth by economist Stephanie Kelton. The book argues in favor of what is called the Modern Monetary Theory. I was vaguely aware of the theory and decided to read the book so I could understand it better. Right off the back I thought about Ray Dalio’s ideas, as expressed in his books about the debt cycle, which I’ve read and enjoyed.

Now, I’ve been playing around with Gemini Pro lately, which gives me access to their latest AI model Gemini 3. So I decided to ask Gemini to explain what Kelton and Dalio might say to each other about the national debt. The results were interesting so I thought I’d share them here. As you’ll see, I asked a few follow up questions. I absolutely love that I can share the thread with others like I am doing here.

To read the thread, go here.