I've read up on MMT because it's politically important. The US govt is doing half of MMT (~0% interest rates), the problem is that the other half is somehow wor

I've read up on MMT because it's politically important. The US govt is doing half of MMT (~0% interest rates), the problem is that the other half is somehow worse. Reducing aggregate demand via discretionary interest rates to kill the demand from the gray market(i.e. non green-market). A savings account where individuals and businesses are forced to hold cash until inflation goes down. I.e. confiscation by proxy - by the time you're allowed to spend the money it will be worth much less.