I agree entirely, but the sovereign issuing debt in it's a currency it controls (and let us assume, push come shove, the Treasury will side with the government

I agree entirely, but the sovereign issuing debt in it's a currency it controls (and let us assume, push come shove, the Treasury will side with the government over the Federal Reserve) is different than an individual taking on debt for consumption. Keen is very good on this and has convinced me, despite it going against my inherent anti-debt biases.