What does "Policymakers have effectively crossed the Rubicon with respect to Modern Monetary Theory (MMT)" mean?

Question

i know what does "cross Rubicon" means, and in my understanding this sentence means "policymakers now have nothing to do but to follow MMT". Am I right?

Colin Fine · Answer

"Crossing the Rubicon" is a common expression for "passing the point of no return".

What does "Policymakers have effectively crossed the Rubicon with respect to Modern Monetary Theory (MMT)" mean?

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