As a counter point one could imagine a hypothetical implementation of MMT where money was printed in a particular room at particular times of day, and those in the room were able to capture the money. This would of course help the government offload distribution of printed currency and avoid direct corruption. Given the room can only hold so many people those in the room will have had to wheel, deal, and bribe to get make their way in.
As its impossible to have a taxation room as everyone would simply avoid the money pit, the government would of course need to still tax all market participants according to some taxation scheme, presumably the government would tax investments less than income to keep the money velocity from falling.
We'd be left with a hypothetical economy where ~100 individuals/corporations get dollars printed at them and a taxation system which taxes what those individuals happen to spend in the rest of the economy. Creating a natural monopoly for those with a spot in the room.
* https://fred.stlouisfed.org/series/IRLTLT01JPM156N
Their bonds are negative going out to 7Y:
* https://ca.investing.com/rates-bonds/japan-government-bonds
At those rates why wouldn't one borrow?
After about a year as long as you have revenues that are growing each month you can get a Series A.
Series B and beyond will be harder but by that point you’ll bring all the right consultants on board for how to do it.
Unless can you fund my startup? (Seriously if anyone is a VC dm me and I'll send you my pitch deck)
There is "too much easy money". Well not in my pocket, and despite my privileged position both professionally and as an HNer I cannot easily see how to raise a series A to grab some.
And when we do see Treasury bills reach 2%, then what will I do - close down my startup ? resign my job?
Winter is coming. Keep farming, build a grain store perhaps, but we will keep farming.