[fny]

An MMT theorist would argue that taxation is used to withdraw money from circulation and redistribute income. They advocate for using fiscal policy to drive monetary policy.

I just want to state for clarity's sake that I don't espouse the policies of MMT theorists. It's just a framework that appears to have some analytical merit. For example, despite the roaring deficits, why has demand for treasuries not decreased? Why did QE and high government spending not cause inflation? Why do surpluses tend to trigger recessions?