No government in power now has shown any desire to allow inflation, and in the absence of inflation central bank spending only benefits the wealthy basically by

No government in power now has shown any desire to allow inflation, and in the absence of inflation central bank spending only benefits the wealthy basically by tautology. Even proponents would admit it must without taxing the wealthy. Proponents of mmt imagine a "new deal 2.0" what they will get is even worse inequality, followed by social upheaval. Virtually all of the balance sheet expansion the us fed has engaged in since qe has only enriched bondholders. Mmt is nothing but an excuse for easy policies. It's like a slim fast shake treatment for heart disease and I can't wait for it to go away.