While this is not totally false, this way of understanding monetary theory, 'Modern Monetary Theory' is not accepted by economics. While conceptually it is not

While this is not totally false, this way of understanding monetary theory, 'Modern Monetary Theory' is not accepted by economics. While conceptually it is not false, many of the conclusion this school builds on this is not very accurate. It is much better to separate fiscal and monetary. The monetary policy has one job, the fiscal policy has another. The monetary policy should be based on rules and targets, and not just be in the hands of politicians to crank up spending whenever they feel like it. There is a reason this was separated in the first place.