I don't know why it is so popular to overload the same words with multiple meanings in pop finance until meaninglessness. When I see people criticize "MMT" the

I don't know why it is so popular to overload the same words with multiple meanings in pop finance until meaninglessness. When I see people criticize "MMT" they don't even talk about the same thing. If you boil down modern monetary theory to its essence it just means that the public sectors deficit is the private sectors surplus. I.e. the government doesn't receive money via taxation, it is the source of money. If people want to hold more money then it is legitimate to have a deficit within reason. This is in comparison with the loanable funds model where the government must first collect the money from the private sector and therefore deficits are bad. "Since it lacks any rationality". I agree magical monetary thinking lacks any rationality since it is a straw man. It's ok I can deal with three mutually contradicting definitions of "money printing". I can deal with two contradicting definitions by now.