This article examines the misconceptions about modern money theory (MMT) put forward by . The author divides her … means-of-payment function of money, that it considers money as a pure asset, that it does not distinguish between inside and … outside money, and that it does not distinguish between money and the monetary base. Second, Drumetz/Pfister (2021) falsely …

satisfactorily described by an interest rate rule without addressing the details of the money supply. We investigate whether this … to implement a policy based on an interest rate rule even in the presence of inside money, although it requires a more … approach remains valid in the presence of inside money created by the banking system. To analyze this issue we present a …