I think you're proposing Modern Monetary Theory (https://en.wikipedia.org/wiki/Modern_Monetary_Theory https://en.wikipedia.org/wiki/Modern_Monetary_Theory) or a

I think you're proposing Modern Monetary Theory (https://en.wikipedia.org/wiki/Modern_Monetary_Theory https://en.wikipedia.org/wiki/Modern_Monetary_Theory) or a variant of it. There have been numerous critiques written of MMT written over time - some examples: - https://www.pragcap.com/modern-monetary-theory-mmt-critique/ https://www.pragcap.com/modern-monetary-theory-mmt-critique/ - https://www.investors.com/news/economy/modern-monetary-theory-mmt-inflation-spending/ https://www.investors.com/news/economy/modern-monetary-theor... - https://fee.org/articles/modern-monetary-theory-is-a-recipe-for-hyperinflation/ https://fee.org/articles/modern-monetary-theory-is-a-recipe-... It has also been discussed on HN previously (https://news.ycombinator.com/item?id=19450959 https://news.ycombinator.com/item?id=19450959).