Common sense plays a role. The so-called National Debt (scam) is simply inter agency debt, that has yet to be netted. You can cancel it non-interest bearing coins without changing any laws.

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You been drinking MMT koolaid?

The US can’t cancel the debt. They can default, but this idea it’s “money we owe ourselves” is nonsense.

You beat me to it: MMT.

I was hoping that group would do something good. It never really happened, though.