> "... All these institutional and theoretical elements are summarized by saying that monetarily sovereign governments are always solvent, and can afford to buy

> "... All these institutional and theoretical elements are summarized by saying that monetarily sovereign governments are always solvent, and can afford to buy anything for sale in their domestic unit of account even though they may face inflationary and political constraints." Sure, government can always confiscate everything that exists under its sovereignty. It can either happen via crooks going around with guns, or via "paying" for things by Kinko dollars. The end result is the same in both cases: products and services are not created, because what's the point of doing these, if they are confiscated anyway? What's the MMT insight again? What does it say that's different than mainstream economics? What predictions it makes that are different than mainstream economics? Why it even has a name, and why are we even talking about it? Ah, I know, it's because it promises "full employment" and all other kinds of free lunches.