Did You Use MMT a Lot When Trading?

In the early 90s, everybody thought Italy was going to default. So I started asking why don't countries default? And they say, well, it's because they can always print the money. But when you looked at all these examples, no one ever did print the money and they still did default. It just dawned on me that if I buy securities from the Fed or if we buy them from the Treasury, it doesn't make any difference to us. The money goes to the same place. They debit or account. We get a credit in our securities account for the Treasuries - whether it came from theFed or Treasury,. It's the same thing. This is effectively