Nonsense. MMT is a theory of how government finance works and interacts with the foreign and private sectors (including money, banking and debt). It’s not something you try.

Overt Money Financing (OMF) is a policy option that MMT opens up, and there are probably shades of that in what’s going on, but I don’t see a whole lot of fiscal or monetary policy that actual MMT economists would say is a good idea.

Exactly — this is nowhere close to MMT. Stabilizing the price of the USD during recessions is literally the definition of Keynesian.

> Stabilizing the price of the USD during recessions is literally the definition of Keynesian.

Except the reverse doesn't happen (since the gold standard was dropped), so it's at best "half-Keynesian":

https://fred.stlouisfed.org/series/fedfunds

Have you seen any solid, readable critiques anywhere I could read?

I recommend https://www.ineteconomics.org/perspectives/blog/mainstream-m... for while MMT is nearly as divergent from the mainstream than is hyped. This comparison makes both clearer.

Ray Dalio has been writing a series on this.