If you are going with MMT with a state monopoly on money creation (that extra assumption isn't automatic), then the only way private entities can make money dis

If you are going with MMT with a state monopoly on money creation (that extra assumption isn't automatic), then the only way private entities can make money disappear is if they literally burn it. Only the government can do that by transactions. (And if you decide to go with private money creation, it's way more complex, and I have very little confidence on you solving the problem you stated.) > And that ladies and gentlemen is how MMT looks like Keynesianism with a new coat of paint Your explanation doesn't sound like Keynesianism at all (with the "ism" it's that theory that Keynes didn't believe in). It sounds exactly like Monetarism (with the "ism" it's that theory that isn't derived from the MMT). > It does mean that when the bond market that every government is afraid of starts charging 7% then governments response really should be - ok that’s too expensive a means of reducing inflation - we are going to tax the wealthy instead. Taxing the wealthy tends to be healthy. And after several years, your tax rate may have some impact on the interest rate (nobody really knows, lots of people claim to know). But on the best case, there's a delay to take into account that your idea does not fit at all.