Any legal scholar will say the coinage power implies the right to double spend, limited by the legal power of taxation. Right now, legally, as long as Treasury knows that balance point, Yellen is free to double spend,, just consult the senior senators and get Powell on her side.
How much? The House will tell you, mostly the repubs will put a limit on this, and for good reason, the balance is a negotiation, a market determined price and likely will work better than any alternative.
Business knows the coinage tax is positive definite, they see it as a sales tax, unavoidable. We know that balance, trust Yellen and Powell, really, the numbers are strong on this and they know them. The Supremes will agree, they are both valid tax methods. There is no need to revise the reserve act, Powell and the board are the counter parties, they have the contract now and they will agree, there is a positive definite coinage tax the Treasury must execute to free the fiat banks from the horror.
The numberis measure, between .5 my Kevin Drum number and 2.0 the Yellen number. it is really just above 1.0, but the market handles the small change. Call it the Drum/Yellen assumption go with them as limits, and if Treasury exceeds the House or Senate taste, then they have budget vetoes and legal authority.
Powell has to come clean with that expected VAT tax, they have been delaying the reserve account releases. But his numbers will be like mine, 1.4/yr over 15 yr, no law needed, just go right ahead and free the fiat banks of this mess. Tomorrow is fine.
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