I mean functionally it's just the MMT that a lot of us are familiar with isn't it?

National debt isn't real cause the government can just create as much money as it needs to pay it off. There are implications to this, but they generally don't involve a total collapse or anything, especially from a superpower.

The coin itself is just a loophole that makes it easy to run around Congress and have them fuck off, loopholes violate "decorum" of course, so it's not gonna happen but oh well