It is a kind of crazy cult - believing that more money simply solves problems, and that we should have full employment. There's extensive historical record on g

It is a kind of crazy cult - believing that more money simply solves problems, and that we should have full employment. There's extensive historical record on governments going drastically for full employment: https://news.ycombinator.com/item?id=20065380 https://news.ycombinator.com/item?id=20065380 That being said, MMT is also similar to what Japan has done, and it caused neither recession nor growth there. I mean the Japanese central bank owns even equity ETFs, it's kind of insane. And still no results, which is even more insane: https://www.economist.com/special-report/2018/10/11/what-to-do-if-the-usual-weapons-fail https://www.economist.com/special-report/2018/10/11/what-to-...