MMT really just says fiat money is ok. Inflation happens when supply of money exceeds the usage of it. You COULD have a fiat currency in which money is only printed and injected into the economy based on need such as funding infrastructure projects. But that would be a NATIONAL CURRENCY not as in US case, FEDERAL RESERVE NOTES. Which federal reserve notes are just US debt. The REAL issue lies in MMT can only work if there is a nationalized currency (taking away the need for a country to go into debt to get more money) and then those in charge are only printing money to pay for needed projects.
MMT really just says fiat money is ok. Inflation happens when supply of money exceeds the usage of it. You COULD have a fiat currency in which money is only printed and injected into the economy based on need such as funding infrastructure projects. But that would be a NATIONAL CURRENCY not as in US case, FEDERAL RESERVE NOTES. Which federal reserve notes are just US debt. The REAL issue lies in MMT can only work if there is a nationalized currency (taking away the need for a country to go into debt to get more money) and then those in charge are only printing money to pay for needed projects.
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