@ToolGuy I think we went through all this before. MMT must stand for money magic theory because it seems to say that governments can run continual deficits and just print more money and that debt doesn’t matter. A government with its own currency will never have to default.

MMT is all about governments and money but I saw nothing in there about the production and distribution of goods and services. If government suddenly disappeared and took its money with it people would continue trading. They’d barter and they’d make new money. The economy is about production and trading. Money is only an accounting system used to facilitate trading.

That’s my non-professional opinion. Maybe you will explain this MMT of yours further.

@ToolGuy I did read that last part about how MMT is being misrepresented, but it sounds like quibbling. If they are opposed to deficits and massive public debts they should come out strongly with those views rather than the opposite.