Crypto is a ponzi scheme- merely back by absolutely nothing.

Currency, at least the USAs , is back BY the govt of the USA (full faith and credit- though the GOP may undermine that this year with an unconstitutional debt ceiling default).

Nations own their currency as they should- I would be all for a more democratic application of monetary policy if we had the right politics (reference Jacob Feinigs "Moral Economies of Money" ) but we have too many idiots in Congress. So the Fed Reserve will have to do though it often does the bidding of Wall St and corporations.

Sovereigns cannot face limits to debt financing- Nations are currency ISSUERS , not currency users and as such cannot run out of money. That doesn't mean that some economic guardrails don't exist- but debt to GDP or deficits are not the only metrics by which to measure a nations economic status

#ModernMonetaryTheory