Have the bond vigilantes who attacked the U.K. killed off modern monetary theory?

 MMT proponent Stephanie Kelton says that’s nonsense.

“It does not follow that if you aren’t the world’s reserve currency, then the bond vigilantes can show up at any time and strip you of your capacity to run the government programs that you want to run,” she added. 

“You want to give a tax cut, you can give a tax cut. You want to increase spending, you can increase spending. There are potential inflationary consequences and there are potential exchange rate implications. MMT never said otherwise.”

MarketWatch 19 October 2022 

https://www.marketwatch.com/story/have-the-bond-vigilantes-who-attacked-the-u-k-killed-off-modern-monetary-theory-mmt-proponent-stephanie-kelton-says-thats-nonsense-11666196763