This is a very wordy way of saying it’s Okay for the government to print money with no value other than the tax we pay on it.
I’m not sure what you’re trying to suggest here. All money, in the context of civilization, has been the IOU of the authority. This is how money works. Money is now, and has always been, debt.
Modern Monetary Theory is not “modern”, it’s the last nail in the coffin of every society that has used it to try and save its dictatorship. Venezuela, Zimbabwe, Iran, Hungary, Greece, Poland, Germany, Napoleon’s Vienna, Mexica, Argentina, Brazil.
MMT describes the way money works now and has always worked. I’m not sure what this list of countries has to do with MMT.
There are a few causes of hyperinflation. Poorly designed capital controls and political crisis are the two most common. I don’t really see a criticism of MMT here.