Sloan strives for one more scare tactic. MMT will cause the United States to lose its reserve currency status and all the foreign bondholders will dump their treasury securities. This may sound scary to the average reader but those versed in bond markets will immediately see through the farce.
Tamny bandies about the discussion of resources as if MMT did not recognize the importance of the productive capacity of a nation. MMT clearly asserts that the real constraints of our economy are based on real resources.