mmt is how the global economy works.Damn, you are one moron..
THis is all Bernie Sanders' MMT theory. Don't they deliver papers in your part of the forest ????
"The central tenet of MMT is that a government borrowing in its own sovereign currency cannot default on its debts. MMT advocates note that inflation is the only restraint on debt-financed spending. This leads some to conclude that under the theory of MMT, debt is not a concern, as governments can simply print more money to pay off debt. Such a theory is roundly rejected by academic economists on both sides of the political spectrum, as noted in a recent survey of prominent economists."
BUT IT LIVES IN BDIEN AND SANDERS SUPPORTERS --- AND YOU
it is ok if you do not like it, but that does nor change the fact that mmt models the economy closer than any other model.
and you are really not going to like this: to lower inflation , taxes are going to have to be raised.