@a60483647@omabium@Noahpinion@shi_hongyi MMT doesnโt say yes at all: their argument is that if the governments demand hits a resource constraint, you get inflation: ergo you canโt overspend either
@josephwang You should look into Cochraneโs fiscal theory. The issue is not that Treasuries are issued. He argues inflation appears at whatever rate itโs debt it not repaid to soak up the printed cash.