@marianisoehartono@ohai.social

Well the thing about #MMT is that in theory it absolutely would work. The US could spend money that way and avoid inflation by removing it from the system through the right levels of taxation. That math works out.

The problem is that in practice it is a non-starter. We can see flat out today that the people we elect aren't willing to set appropriate levels of taxation to cover normal government expenditures, much less the level needed to centrally manage the currency.

It's a fine idea on paper, with no possibility of being implemented in the real world.