MMT is the idea that the constraint on tax/spending in a fiat money system is monetary effects (inflation/deflation), not the need to tax or borrow money that you could just print to fuel spending.
Ironically, the people that are most opposed to MMT on the basis of outright lies about its content are the people that are most likely to argue against large deficits on inflation grounds even when there is no problem borrowing enough money to fuel it.
I don't get it. What you are describing isn't even close to MMT because MMT is not a policy. Secondly, MMT predicts that inflation happens the moment your economy is running at full capacity and that deflation happens when you pay off debt to make the economy run below capacity. Those two things aren't disputed at all and no government has adopted policies based on MMT.
By the same token, in a fiat money system, there's no reason for debt in the first place. Government debt denominated in its own fiat is a side effect of cosplaying a commodity money system.
