Congress and central banking are connected by law

That “new normal,” which the Fed adopted during the financial crisis, includes novel methods for controlling interest rates. During the crisis, those methods allowed the Fed to engage in “quantitative easing,” meaning large-scale purchases of government bonds and other securities. But while they helped it fight the Great Recession, the Fed’s quantitative easing powers also fudged the traditional boundary line between fiscal policy, which Congress controls and which includes decisions about government funding, and monetary policy, which the Fed controls and which is supposed to be dedicated solely to fighting recessions and limiting inflation.

George Selgin trying to get past 'right to coin'.  He cannot, it is law. The next generation will be required to 'price that right to coin'.  Right to coin is a mandatory cycle in banking, it always leads to generational MMT moments, which are all over history about which Selgin is the expert.

Bite the bullet, adjust the Fed so it can handle regular Congressional defaults a little better..