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Many blog readers have asked for my opinions of "Modern Monetary Theory." I haven't written yet because I try to read about things in some detail, ideally from original sources, before reviewing them, which I have not done. Life is short.
From the summaries I have read, some of the central propositions of MMT draw a false conclusion from two sensible premises: 1) Countries that print their own currencies do not have to default on excessive debts. They can always print money to pay off debts. True. 2) Inflation, in the end, can and must