Saintex, a belated thanks for posting this piece about Modern Monetary Theory (MMT). (I just found this nice little chat page) MMT sounds like a very practical way to look at managing an economy, even though it is quite outrageous in terms of classical gold standard monetary economic theory. I used to teach this material and it's great to see how the ideas are evolving over time. This guy Warren Mosler, who developed MMT, seems like a kind of genius.
Remember Quantitative Easing, it sounds right up his alley. It lead to very comfortable asset market valuations, probably avoided a global crash, and at least initially, not much goods inflation. Then the inflation did come and the political responses have been varied. I'm not a big fan of crashing the economy to get it under control like the monetarists would argue... better a gently, gently approach as MMT would suggest.
