MMT is not unimplementable because it's already how it works. In its major part it's a description not a policy. So, with MMT already working all these past yea

MMT is not unimplementable because it's already how it works. In its major part it's a description not a policy. So, with MMT already working all these past years, inflation have been below the desire target. The poster child of MMT, in terms of monetization of debt, is Japan, and Japan has been incapable to create inflation despite wanted it desperately for many years. >>"If it ran on autopilot then it might work, but in a democracy it won't run on autopilot." If you listen to the MMT economist, you will see that they are big proponents of automatic stabilizers. The infamous "job guarantee program" is basically an automatic stabilizer of inflation and unemployment.