If federal lending primarily happens at low interest rates with long term (40 year) loans, then interest rates are jacked up afterward, doesent making servicing the public debt with inflated dollars more practical? I'm not saying its a moral play since it forces hardship on everyone and slows economic growth by restricting lending, but does it not play out the MMTer's strategy and eventually get siphoned off by way of the dollar-milkshake foreign demand for the dollar as a third-world reserve commodity?