MMT eh.
Interesting isn't it, because the OMT (old monetary theory) was perfectly good as long as countries, corporations and individuals lived within their means. Unfortunately, under the encouragement from bankers and politicians who thought it prudent to issue debt on a massive scale (pays the bonuses and gets you elected doesn't it) we're now fecked.
The solution, MMT simply says lets add more and more debt to that (together, collectively, globally) and we'll all be fine.
WMT (Watties monetary theory) says this is total bo11ocks. Those in charge are clearly making this up as they go along....this is just another lets shift the blame, lets move the goalposts and try this -it might work ( load of sh1t).
Under Mmt, forget telling kids to be prudent with money. No point, it'll be worthless as those responsible for ensuring inflation remains in check will have fecked it again.
Just, like they did the last 10 years for example, which has just gone boom.
Tomorrow’s solution should not in any shape or form involve those responsible for today’s debacle.