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This is a really good discussion of the details of MMT, by @Britonomist: medium.com/@Britonomist/w…
It makes some of the points I had been trying to make, but expresses them much more clearly and concretely. And it raises many other interesting issues as well.
It makes some of the points I had been trying to make, but expresses them much more clearly and concretely. And it raises many other interesting issues as well.
One especially interesting piece was the discussion of exchange rate pegging. MMT would require capital controls - i.e. the end of the dollar as a global currency. That would be a big big change. 
Here is Thomas Palley's Keynesian critique of MMT: thomaspalley.com/docs/articles/…
