Comments by "" (@lonevoice) on "Does MMT say we can spend without limit?" video.

@OghamTheBold As Richard says MMT has to be used very carefully and a lid needs to be kept on inflation. He mentioned Stephanie Kelton. She was a key member of Biden's economic task force when he came into power. They used MMT for some significant investment. They seem to have inflation largely under control and most of what they do have is supply sided.
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Agreed. But the question is does the UK have scope for it and should it be used? I have assumed that if it was to be used sensibly then it would largely be focused on investment. Labour did want to invest £28bn on its net zero target but has now retracted that proposal. Presumably they don't see MMT as an option.
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