with inflation, as laid out in several theories such as the static monetarist interpretation of the quantity theory of …

debt. The idea that the government sells bonds to the central bank also play a key role in Modern Monetary Theory (MMT) and …, using MMT's own balances sheet analysis, that the theory is almost always contradicted by the actual workings of the modern … reserves to banks through borrowing in the bonds markets, which in its theory leads to a change in short-term interest rates …