[rrivers]

Curious how many of the respondents have read MMT literature. Seems to be a theme of believing MMT ignores inflation, which is not at all the case and is addressed directly in Stephanie Kelton's The Deficit Myth.

Credit is created at the point of contract. This was revealed in a 2014 Bank of England report. The current economic arrangements bake in certain percentages of unemployment. MMT suggests reimagining the model to focus on full employment through civic programs that compensate for slow downs in innovation and lending.

Puzzling to see such a staunch offense against alternatives when the present arrangements clearly favor a small few at the expense of the many.