It might be a step further than Kelton intends but then Kelton is oversimplifying things. Yes, very few people really understand the details.

I am a bit reassured you understand better than I suspected.

I feel like you and Kelton are dumbing down the discussion to the point that your readers will feel like they understand when they really don't. Helping the ignorant believe they understand is not a good thing. It seems you are selling the ignorant your brand of financial reforms.

UBI and MMT are not bad but they can be badly implemented. My resistance is because I feel like the incentives favor politicians using them in ways that are not good for the general population