Accounting/finance was my career.
I have always believed in the principles of Austrian economics, personally. Of course I had to work within our political and financial systems, so I know how things are “supposed” to work.
Personally I think the birth of the Federal Reserve was one of the worst things to happen to this country. Of course I didn’t talk about that when I attended the big parties banks give for some clients, lol.
WHAT IS AUSTRIAN ECONOMICS?
https://mises.org/what-austrian-economics
The Weakness of Modern Monetary Theory
It should come as no surprise that some of the loudest support for MMT in the United States comes from the progressive wing of the Democratic Party. After all, if measures of public debt signify nothing beyond future currency-production goals for the U.S. Treasury, then there is no real limit to the amount government can spend on massive programs like universal free college, a Green New Deal, a universal basic income, or a universal jobs guarantee.
Yet with no serious mainstream economists stepping up to do anything other than attack MMT, how does this theory of economics continue to cultivate a base of high-profile supporters?
An answer to this question may have to do with the peculiar nature of MMT, which, upon closer inspection, appears to have more in common with a political or moral ideological movement than it does with a theory of economics. Like other ideologues, MMT advocates begin with the assertion that their policy goals — providing jobs for all, paying for college for all, etc. — are correct. From there, they assume that the means to achieve these ends must exist. This is not a falsifiable scientific theory; it is rather a political and moral statement by those who believe in the righteousness — and affordability — of unlimited government spending to achieve progressive ends. In this regard, MMT advocates have come to resemble mid-20th-century communists who argued that the Soviet Union could not possibly be a true socialist regime because a true socialist regime could only generate positive outcomes.
https://www.nationalaffairs.com/publications/detail/the-weakness-of-modern-monetary-theory