Even if that monetary paradigm does make sense economically, one problem with it is that taxes impact people's lives. Blithely pointing to taxes as the means to manage inflation in an environment of unlimited creation of money-as-debt strikes me as disingenuous. Also, this paradigm would require government to be able to adjust taxes upward as well as downward according to economic need. If that were feasible, Keynes's economic paradigm would still be serving us well.