[bigbadfeline]

> I feel inclined to encourage people to research modern monetary theory.

What is there to research about banana republic finance which is the proper name of "modern" monetary theory?

> many cultural assumptions around how money works

Cultural assumptions don't really matter here, what matters is what theory the Fed is using. Which begs the question why are there so many conflicting theories floating around in academia?

> intentionally wrong or the residue of outdated thinking.

That's a good description of modern monetary theory.