Even before I became familiar with MMT it was quite obvious to me that making borrowing more expensive and injecting more money into the wrong end of the economy was not a recipe for solving inflation. Both are the direct results of higher interest rates.

Our federal government has completely abdicated its responsibility to regulate commerce, evident by the vast number of suppliers that have been aggregated into monopolies, and to spend for the public purpose. The #1 enemy of the people is political corruption that allows for these, not the Fed or banks, although we should seriously try to make banking boring again.