There's a video on You Tube with an Austrian Vs. MMT debate which is really good. It became clear that the Austrian's describe a fixed exchange rate currency regime (with a hard currency peg, such as Hong Kong), while MMT describes floating exchange rate regimes (i.e. fiat currency).
There's a video on You Tube with an Austrian Vs. MMT debate which is really good. It became clear that the Austrian's describe a fixed exchange rate currency regime (with a hard currency peg, such as Hong Kong), while MMT describes floating exchange rate regimes (i.e. fiat currency).