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I think we all know MMT is plain stupid. Some, mostly socialists, like to pretend they believe MMT could work but I am 99 percent certain they would never bet their own possessions on it. They simply want to destroy capitalism.

Something for the HN jokers who like to report about "successful" BNI trials done in various cities.

> Does MMT apply to all levels of government?

> No. MMT only applies to the national government level, because that's the level of government with the power to issue the sovereign currency.

Great. MMT fans, please spare us such news.