The real issue with MMT is that is all of the armchair economist it has created.

As opposed to all the "experts" that assume we are still constrained by a gold standard or that quantity of money is still relevant??

The monetization of debt is a bad idea.

All spending by the currency issuer is via debt in terms of its unit of account, and always has been. If you are referring to QE, I would agree with you partially. It can hide a lot of casino losses via the Fed's combined balance sheet with Treasury. Otherwise, it is just an asset swap between two forms of money that already exist.

What he and most of the proponents omit about MMT is that there are many things a government can do, that is not the same as what a government should do.

Our constitution gives Congress the power of the purse and mandates that it create the currency "for the common welfare". If you find that somehow offensive you always have the option of buying an island where you can realize your own dystopian fantasies.

We are already heading into 7% inflation and MMT is not even in full effect yet. Its an idea that should have stayed where it was left, in the notes of a intelligent trader.

MMT is not something that needs to be "implemented". It is how our monetary system currently works.

The inflation rate has almost nothing to do with government's ability to spend into the private sector as long as resources, labor, and a working supply chain that the spending is meant to deploy exist. It should be more than obvious that our current inflation is due to the pandemic and corporate retribution for labor's demands for wage increases.

The oligarchs only understand the free market when it works in their favor and throw fits on the rare occasions when it doesn't. Considering how much they've spent purchasing our Congress I guess their anger is understandable.