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by kelseyfrog 622 days ago
Government spending being deflationary is not a claim MMT makes.

> and putting it towards (wasteful) government programs to "burn it" in a sense.

This claim isn't congruent with the idea of MMT.

One way to look at MMT is asking, does our government have to operate like it has a checking account, or can our economy act like an MMORPG economy?

For example, Blizzard has no obligation to collect coin before distributing coin. Blizzard thinks in terms of coin sources and coin sinks and adjusts source and sink policy in response to aggregate demand and player engagement goals.