Commentary MMT Policy (Modern Monetary Theory), the grand experiment, was tried following the pandemic-driven shutdown of the economy. It failed miserably. However, before we get to its failure, we need to review the policy to understand why it failed to work as anticipated. According to Investopedia: “The central idea of MMT is that governments with a fiat currency system under their control can and should print (or create with a few keystrokes in today’s digital age) as much money as they need to spend because they cannot go broke or be insolvent unless a political decision to do so is taken.” Some say such spending would be fiscally irresponsible, as the debt would balloon and inflation would skyrocket. But according to MMT: Large government debt isn’t the precursor to collapse that we have been led to believe it is; Countries like the United States can sustain much greater deficits without cause for concern; and …