I feel like this glosses over the first point of whether MMT is solid economics. This is probably the most important part of the discussion which likely controls the political controversy surrounding it. MMT is an incredibly fringe position in the economist community without very clear empirical backing. This seems much too nice to MMT as an economic theory.
Can someone explain MMT to me?
I’ve been hearing it a lot, but I’m not sure I understand the proposal/argument.