MMT is old wine in a new bottle, a tale as old as money itself. "Purchasing" stuff from people with worthless or arbitrarily debased units of currency is like stealing. The government threat of violence does not make these digital or paper "assets" any more real.

>The point is not to print too much!

It may be possible for this to continue an indefinite amount of time, just like counterfeiting. It is almost exactly state-sponsored counterfeiting.

>But to be fair you should see how bad it is inside fortune 500s and boy some of those start ups are an embarrassment.

This waste is greatly exacerbated by artificial credit bubbles created by MMT shysters. They even got academia thinking this is a good idea, probably by paying them off in freshly printed notes.

>Don’t call for the “private sector is great and should take over every branch of government” shtick.

I would never suggest such a thing. But letting the state spend theoretically unlimited money, and thus pick winners and losers in a "free market" is just bad policy.