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> Monetary policy isn’t the only or even the primary driver of inflation. After two degrees in economics, my perception is that monetary policy is definitely considered a primary d…

To be fair, the question was "with inflation" or "without inflation" (inflation rate of zero). A currency with a limited supply results in deflation as the economy grows. Deflation…

Speaking as an economist, I tend to get nervous when other economists talk about circumstances where "morality trumps economics." As a profession, we have a miserable track record …

> MMT requires a nation that is internally self-sufficient when it comes to basic supplies To be fair, isn't this a lot like saying, "MMT requires conditions that don't generally e…

> What governments should do is spend appropriately to maximize the welfare of their people Are you suggesting that people aren't capable of spending appropriately to maximize thei…

> public debt and public deficits are irrelevant Translation: Countries can incur as much debt as they want, because they can "print" their way out of it without harmful consequenc…

TL;DR: MMT starts by saying that governments that manage their own currencies have unlimited spending ability – they can simply create money when they need it. And that's obviously…

This is a common economic fallacy. "A job guarantee (JG) is an economic policy proposal aimed at providing a sustainable solution to the dual problems of inflation and unemployment…