This misunderstands the power of monetization, or mistakes "dollars" having some kind of fixed "value." They do not. Whether one agrees with that or not, thinking of this as a "debt" problem where a hypothetical move is to appropriate equity- setting aside the fact that equity ALSO is not in a fixed unit of measure- anyway, thinking of appropriating equity to solve a public debt problem is a category error. That is how accounting works for business structures that exist within a monetary system but NOT for government and currency printers that define the monetary system. The MMT people are right about this. Public debt is a measure of private sector wealth. That is how the machine works.