I have a point to make to all the modern monetary theory fags.
the main flaw in your argument is this - what happens when the central accountant, the grand bookeeper (e.g., the federal reserve / US Treasury) cannot be trusted?
your whole argument relies on a trusted accountant. when your accountant needs a conman (to produce fake numbers) and a strongman (to force wealth redistribution) in order for his books to stay straight, the accountant is a fraud.
I divide the landscape into 3 camps: 1. those who view money as a commodity (e.g., austrian school); 2. those who view money as merely an accounting mechanism (mmt fags); and 3. the elites, and the corrupt conmen who run the current system that keeps them in the 1% (e.g., powell, the banks, all current system fags).
the fraud is being exposed, and those in the 3rd group are panicking.
the second group are composed mainly of: 1. misguided/misinformed socialists, who want wealth redistribution and big government, but just argue the issue is simply bad actors in government who spend unwisely, and 2. scumbags from group 3 who are whipping up the socialists to defend the current system and keep the con going.
the current system and mmt are just a means to big government, to kleptocracy.
the first group does away with the need for government in most aspects of life, and that terrifies them.