MMT is a junk theory created by silver spooned academics with no real life experience. It has not been proven in practice, or when something close to it is prac

MMT is a junk theory created by silver spooned academics with no real life experience. It has not been proven in practice, or when something close to it is practices it does lead to inflation or devaluation of the country’s currency (Think Argentina, Turkey and today Lebanon). When communism fell, I remember how the west promoted the ‘shock therapy’ to former communist countries, which was devastating to them. Another junk science that lead to a ‘lost decade’ and misery in eastern countries. It was a ‘rip the Bandaid’ type of approach, which failed as it didn’t account that some countries needed time to adjust to the new capital system and it led to the closure of many lines of production that were actually profitable, as it was a ‘hard reset’ Be very wary when someone peddles a new ‘theory’ which is unproved, as a magical cure. Communism was one of them as well.