Hi my friend,

This is indeed a very interesting topic and I believe that people who believe in MMT simply never went through a period without relative money stability.

It is funny that this theory comes from people living mainly in developed countries. This theories only works as long as there are no foreign depts...

MMT doesn't produce inflation, it produces bubbles that pop

Of course it is possible to always create more money supply by printing it directly through the central banks or through dept creation by normal commercial banks. The more money available in a system the more you devaluate it. This means that for an even amount of goods the amount of money available increases which should lean to a devaluation of the money.

MMT believes that a country can always print new money but it is simply blind. The more money that is printed, the more we assist to a bad allocation of assets. Meaning the money will always go where the ROI is highest. It will go into share markets or real estate or bonds, accordingly...
This means that we don't see a continuous depreciation of the money, it fills a bubble and the depreciation will only occur when this buble pops.

MMT and foreign dept = potential for major crises

Imagine a country that prints and prints more of its currency to pay back its depts. Of course it can print always more but currencies are interlocked between each other. You are a foreigner and you see that the money supply of this country is growing and growing. You expect inflation and you will sell assets of this country. This means that there will be a sale pressure on this currency and a loss of price compared to other currencies. This means that if this country has depts in foreign currencies then this dept will increase in value drastically. It will be impossible to print always more currency because the more that is printed, the less it will be worth and the foreign dept will increase. Just some examples of that: Venezuela, Argentina, Turkey...

A currency that is printed according to MMT will be worth nothing in the long run

So I would keep my hands away from any currency that is created according to MMT. I would advise to invest in BTC that has a very limited supply or in Swiss Francs, probably the most stable Fiat currency and a governement behind it that by law is compelled to keep dept under control.

Best regards,
Achim