MMT IS A SOCIAL AGENDA
The subtitle of Stephanie Kelton’s book, The Deficit Myth, is “Modern Monetary Theory and the Birth of the People’s Economy”. The material in her book supports and encourages that theme and what it implies.
It isn’t that Ms. Kelton and others have not explained carefully how MMT can presumably work, both financially and economically; they have. The financial details have been enumerated and dissected adequately. However, the justification for implementation of MMT appears to be based on expectations of grander social programs, and how to pay for them.