You'll need to decide if this is how to destroy the economy or how to save it. I believe in hard money but have to admit that #MMT is interesting—if for no other purpose than it lays fiat mechanisms bare.
theintercept.com/2020/03/20/dec
For background on MMT see cnbc.com/video/2019/03/
Conversation
Although MMT fears inflation at full employment, it doesn't appear to account for inflation due to a shrinking economy (as happened in Zimbabwe), due to misallocation, etc.
And remember that 2% "normal" inflation cuts savers *in half* every 36 hears.
1
1
As an intuition pump, if we have infinite injections into the economy, but no productivity, people still starve. Therefore I remain skeptical of printing our way to prosperity, though it can help velocity of money which is redistributive and in a weak sense wealth "creating."
2
1
Replying to
Science fiction (and cartoons) are reliably more incisive than any economist. Doug Adams was a cool cat.
Burning the furniture to stay warm in winter is actually a good metaphor for inflation.

