"It postulates that all economic policy can be conducted with deficit spending. "
not really. You've got to drive demand for the 'otherwise worthless' currency, so at an absolute bare minimum MMT tells you you've got to tax or impose fines or something, in the currency only you (Gov) can issue, or lend via a…
"It postulates that all economic policy can be conducted with deficit spending. "
not really. You've got to drive demand for the 'otherwise worthless' currency, so at an absolute bare minimum MMT tells you you've got to tax or impose fines or something, in the currency only you (Gov) can issue, or lend via agent commercial banks (chartered by the state). So it is Fiscal Policy that achieves monetary economic goals, and no other goals per se (real production is the aim, but via rampant corruption and rentiers not always realised).
Needs a bit of editing: e.g, #1
"It postulates that all economic policy can be conducted with deficit spending. "
not really. You've got to drive demand for the 'otherwise worthless' currency, so at an absolute bare minimum MMT tells you you've got to tax or impose fines or something, in the currency only you (Gov) can issue, or lend via agent commercial banks (chartered by the state). So it is Fiscal Policy that achieves monetary economic goals, and no other goals per se (real production is the aim, but via rampant corruption and rentiers not always realised).