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LARS P. SYLL 
MMT involves much more than what this video depicts. And the bit that it does explain is wrong because currency type money is not time-limited whereas a private promise to repay a loan is. The example of the farmer delaying payment for food input is time-limited and nobody would agree to him making his own currency to cover his debt.
Comment by David Chester— 27 Jun, 2017 #
Currency-type money is not only not time-limited, it gains in value over time, as the persistent violation of covered interest parity since 2008 shows: the US Dollar is worth more in the future than today.
Comment by Robert Mitchell— 29 Jun, 2017 #