[P2P-F] Three Key Problems with MMT.......................

[robert searle]

The following could be listed in connection with MMT.
 
 
1.  Mainstream economists would regard the idea that new non-repayable money could be created by governments (ie MMT)thereby replacing tax would be seen as being "too inflationary."
 
 
2. The concept from the US point of view that goverments should create their own money sans taxation (except for controlling inflationary  pressures where, and when necessary) would be seen as giving elected representatives "too much power!"
 
 
3. The most obvious obstacle to MMT is ofcourse the Global Bond Market which would  resist any attempt to reduce, or irradicate its power.
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