Left-wing proponents of so-called Modern Monetary Theoryargue that larger permanent fiscal deficits are sustainable when monetized during periods of economic slack, because there is no risk of runaway inflation.The left wing attempt at MMT quickly evolves into a Nixon Shock, or an FDR shock, or a Hamtionian Shock,..... and on and on. This is the factual result of their delusions.
The other view of MMT is, so what? It is still a good idea. Why fake it? MMT allows us to declare losses on about 8 trillion in bonehead federal programs. If we do not write off the horse manure then the Senate stops, and that is factual history.
Millennials have no moral or legal or financial cause to pay for a bunch of Boomer crap they never voted for. More importantly, the Constitution gives millennials the right to coin.
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