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Whenever you set down the MMT take on deficits, non-MMTers routinely have 1 of 2 responses

1. This may result in hyperinflation.
2. It isn’t all that not the same as regular economics.

The reaction that is first from MMT’s rhetoric concerning the federal government constantly having the ability to print more income. The image of the federal federal government producing endless heaps of money to invest in whatever it really wants to invest brings to mind Weimar-era wheelbarrows of money, as Larry Summers published in the review of MMT:

It is really not correct that governments can easily produce brand new cash to pay for all liabilities coming due and default that is avoid.…