I would like to clarify that the MMT proponents that I follow are not favorable to the QE type of interventions that we have seen in the last years. They only

I would like to clarify that the MMT proponents that I follow are not favorable to the QE type of interventions that we have seen in the last years. They only pointed(1), correctly, that QE was not going to be inflationary AND that monetary policy is not the proper tool for this kind of problem. Fiscal policy is the proper tool. You will not find MMT economist defending QE or the buying of financial assets, other that public debt bonds, if it's legally required to finance fiscal policies. If fact, many are very critical(2) of this kind of programs. (1) - http://bilbo.economicoutlook.net/blog/?p=28422 http://bilbo.economicoutlook.net/blog/?p=28422 (2) - http://bilbo.economicoutlook.net/blog/?p=4763 http://bilbo.economicoutlook.net/blog/?p=4763