The fintech plan for reform

 The endogenous Treasury bank, Janet with 240 billion in cash flow, and revenue sharing.  Butthey d not have to do inflationary pricing, they can pay off debt.  Let the revenue sharing have 100 billion. They can negotiate state, district and personal sharing. But the more efficient the Swamp runs, the less deficit, the incentives are right, and fiscal capacity visible from the endogenous bank.   It is liquid. Itcan be moved down the line quickly, pricing the government flow.

The fed, n exit, returns the debt equivalent to the contracted inflation tax, 1,.5%. And the fiats are free with a smaller monopoly fee, and n tax collection duties.  Congress is stil  free to borrow on the debt markets,as they wish.  Let the department themselves issue debt.  There is no reason not to open up the government debt markets.  Put that under automation, and dispense with the primary delers.

What would be the central bank target?

Market share, large group of traders who want Fedwire. That is the fiat guaranteed market, and they are trusted proof of stack market makers. This is a big win for Federal reform, and release a lot of liquidity for repeat performance to spreading cash.  The savings from minimizing the fiscal recession cycle is huge. Revenue sharing works well here. Transaction costs up an down the government channel reduced .  Fiats can be the neutral banker, and run the endogenous bank. and offer the insured term loans for long time contracts.   Dumping the primary deals, or letting them work through the endogenous bank saves oodles of costs, huge margins gone. but the primary dealers have a much more expansive retail and whole sale business ass the tax collecting costs are gone..

The only regulations the fiats need are the safety restriction on the use of Fedwire.  That wuold be mostly criminal, taxable contracts are optional.  Safety issues for banks handled by contract specifications, and all that handled by provable code under fiat management.

Let the finttech kids put government n a stable cash flow basis, worth trillions over the next 15 years.