> To ensure that interest expense falls toward zero over time, Congress could instruct the U.S. Treasury to stop issuing anything with duration beyond a 3-mo T-bill. Voilà! It wouldn’t just save $2 trillion, it would save tens of trillions of dollars over time.
umm, not sure if her recipe is meant as a joke (I mean the world is rapidly turning into a bad joke anyway so people getting facetious might be a defense mechanism) but eliminating risk-free money for anything beyond 3 months seems like very... short-termist? No idea what kind of volatility that would do to the broader financial / economic system (including e.g. mortgage finance) but somehow it doesn't sound good.
Reducing inflation always results in pain somewhere, pretty much by definition. Wage decreases, job demand reductions, taxes, higher interest rates, etc. Comes down to a decision about where you want to spread the pain and how, and how you weight that against "time to impact".
Unfortunately this compounds misunderstanding of the public because politicians can cause inflation, leave office, then come back to office after saddling the other person with the problem. Fighting inflation rarely results in popularity in the near term.