A currency issuing government does not need to borrow because if it wants it has an infinite amount of cash. MMT explains how the financial system operates and how it is not necessary for governments to issue treasuries and debt. Theoretically there could be no one buying treasuries because there are no treasuries being created by the government.

Under the current practice the Government lets the banks and asset holders (the rich) be unnecessary middle men when the government spends money. In a more MMT style practice those middle men would be cut out. So I ask again how is the government no longer sending G. Sachs free assets help G Sachs?