The thesis that MMT is only limited by inflation is flawed. It ignores asset bubbles. It ignore system rigged toward Top 40%. If Top 40% get spoils, inflation never rises b/c they save/hoard it.

The thesis that MMT is only limited by inflation is flawed. It ignores asset bubbles. It ignore system rigged toward Top 40%. If Top 40% get spoils, inflation never rises b/c they save/hoard it. Look at monetary velocity. USA needs major reforms. Not endless debt into this system pic.twitter.com/UfQ8CeW7Iw

— M/I_Investments (@MI_Investments) April 22, 2020