Structural changes matter much more than one off deviations
You might enjoy reading this: https://warrenmosler.com/aframeworkfortheanalysisofpriceandinflation/
Especially sections 3, 5 & 6
I am afraid to say that MMT writing has only ever caused me grief and sorrow
Sorry to hear that. Unfortunately, it also sounds like a visceral response rather than an analysis & evaluation.
You might enjoy reading this: https://warrenmosler.com/aframeworkfortheanalysisofpriceandinflation/
Especially sections 3, 5 & 6
I am afraid to say that MMT writing has only ever caused me grief and sorrow
Sorry to hear that. Unfortunately, it also sounds like a visceral response rather than an analysis & evaluation.