MMT

Monetizing $5.2 trillion in COVID relief increases our money supply by 27% and comes on top of $4.5 trillion in QE. Add another $2 trillion in planned infrastructure spending and we have $13 trillion in new money, which is a 35% increase in paper money in circulation and 60% of GDP. This has resulted in a 20% rise in prices in the past four years. This should put an end to the idea of Modern Monetary Theory(MMT) which said that the government can just print up money to pay for what it needs. To be fair MMT does say it only works when you don't have full employment and over the past two years the rate has been 3.5% which many say is full employment.