The conclusion I have reached with learning MMT so far.

We have had a stagnant economy for too long!

We had had more than 5% interest rates before 2000 in the U.S. because businesses were profitable by more than 5%, but now, we have gotten 2~2.5% in the U.S. and nearly 0% in the EU and Japan because the economy is stagnant. This is either because average businesses will fail due to the lousy economy or because companies can only make a few profits because the economy has become too competitive.

The way out

There are two ways to get out of the current economic situation. The first one is to eliminate a lot of inefficient sectors and people from the economy by experiencing the Depression or Huge recession.

Some forms of correction and recession have traditionally meant to rid an economy's inefficiency.

The second one is to enjoy the inefficiency with MMT.

In a policy under MMT, people will increase their demands with given money by the government. More jobs arise due to the increased demands. Everyone would be happy with it, except that it is unsure whether or not the earth can endure the inefficient economy. More exploitation of resources from the planet might be necessary to maintain enhanced productivity. There also might be worsened general pollution because MMT naturally increases demands for environmentally destructive factories, things, behaviour and so on as it increases demands for others as well.

We have to choose anyway.

The economy we are in might be more terrible than you may think. The central banks execute Quantitative Easing(QE) and mess around the stock market by trying to cause another bubble. In addition, the debts around the world are still enormous and growing, and the societies in developed countries are ageing.

The point here is that we perhaps have to choose between the correction or MMT.

If MMT combines with the sustainable and green economy, it can be the following ideology after Capitalism which has been perfect-fit for making human beings grow unbelievably and exponentially. MMT is suitable for making everyone happy with the technology we have invented throughout human history.

I will soon sum up what I have learnt MMT so far again because it helps me understand MMT and possibly help others understand it. Bye for now.