copyright1997reloaded
Thinks s/he gets paid by the post
As an economy grows the money supply has to grow with it if prices are to remain stable. Otherwise, if your economy has doubled its production but your money supply has remained static everything will cost half as much. I guess in that case your stock prices would constantly be decreasing, but hopefully not as fast as "deflation".
From 1869 to 1879 inflation averaged -3.8% per year (i.e. deflation), while the economy grew at a 6.8% annualized growth rate. We would love to have such a problem.
Think about it: If technology and other factors increase productivity, shouldn't prices GO DOWN?
As you note, if someone believes that MMT will result in ramped inflation one should borrow every dollar and dime that they can, as long as the debt is not indexed to inflation. And one should get rid of every fixed asset they have and replace them with real things that won't as easily be deflated in value: perhaps farm land, precious metals, food stock, real things that have minimal depreciation, etc.