Comment by stfp

I’m not economist but my impression when I learned about MMT is that it’s predicated on the idea that money isn’t like bridges at all. And is actually at this point of history a purely abstract model where “we said so” works. Meanwhile lots of people really believe a country can “run out of money” or whatever. You run out of trees, teachers and nurses, not money. Anyway what’s clear to me is that the metrics we picked like gdp or debt ratio or whatever aren’t helping us make good choices.