exactly that happens allready at a slow pace today.
MMT is not a new inventuon, it was allready in use in germany after WW 1 and we all know what happend next
You cannot pay bills with new printed money without causig inflation unless you have more income than new credit in circulation, that is common sense not rocket science, you cannot print wealth, at least not for everybody.only the ones on the top of the food chain profit from inflation.
the old currencx will be replaced for a new one and if the new one is not tied to gold the same thing is going to happen again but much faster than last time.
of course bankers and goverments prefer fiat instead of gold backed currency, it´s the foundation of their power.unless you have a new world order where you own nothing and belong to your master, then the foundation is violence