> Proponents of MMT also advocate spending to maintain full employment, to the point when inflation occurs, at which point it becomes necessary to cut deficits.

> Proponents of MMT also advocate spending to maintain full employment, to the point when inflation occurs, at which point it becomes necessary to cut deficits. This is basically the same conclusion as Keynesianism or even Fiscal Theory. The difference is these other theories actually care about when inflation will occur. Meanwhile MMT kind of handwaves it away with "we'll know when we get there". And it only took about 5 feet out the driveway to find it. > Also, anyone who says things like “it means money printer go brrr” likely has spent close to zero time actually attempting to understand even basic facts about MMT, and likely gained anything they know about MMT from memes or shallow criticism. It doesn't help that most vocal proponents of MMT to tend to treat it like an infinite money glitch hack of the economy. And to be fair, the only insight MMT provides over more mainstream economic models is that deficit spending could be much higher than it is.