; (B) overestimates the revenue that can be earned from the creation of money; (C) overestimates the potency of fiscal policy, while underestimating the effectiveness of monetary policy; (D) overestimates the ability of fiscal authorities to control inflation; and (E) contains too few safeguards against the risks of excessive public debt; and (2) an MMT agenda of having fiscal authorities manage monetary policy would run the risk of— (A) very high debts; (B) very high inflation; or (C) very high debts and very high inflation, each of which may be very harmful to the broader economy; Whereas the January 2020 working paper entitled A Skeptic's Guide to Modern Monetary Theory by N. Gregory Mankiw stated: Put simply, MMT contains some kernels of truth, but its most novel policy prescriptions do not follow cogently from its premises. ; Whereas the January 2019 report entitled Modern Monetary Theory and Policy by Stan Veuger of the American Enterprise Institute warned that hyperinflation becomes a real risk when a government attempts to pay for massive spending by printing money; and Whereas the September 2018 report entitled On Empty Purses and MMT Rhetoric by George Selgin of the Cato Institute warned that— (1) when it comes to the ability of Congress to rely on the Treasury to cover expenditures, Congress is, in 1 crucial respect, more constrained than an ordinary household or business is when that household or business relies on a bank to cover expenditures because, if Congress is to avoid running out of money, Congress cannot write checks in amounts exceeding the balances in the general account of the Treasury; and (2) MMT theorists succeed in turning otherwise banal truths about the workings of contemporary monetary systems into novel policy pronouncements that, although tantalizing, are false: Now, therefore, be it