[throwaway473825]

You're describing a CBDC, not a coin. Why isn't it being done? Because commercial banks are vehemently against that. The current administration in particular will never go against the big banks.

[godelski]

If that's the word, then yes. Thanks, I'll update my terminology.

As for the government, I'm sorry, I thought I acknowledged that point. Though I also don't think we should just take it and give up.