There is a better way to supply the existing economy with money. As in MMT, the money would be created as needed. Money would be created to fund all government (from central to local) from now on at the current per capita rate of total government spending. Money would also be created for an income that would be paid directly to individuals. It would not be paid to all citizens, but it would be available for an unlimited number of people; any citizen could become eligible for it. None of that would involve any debt. There are built-in protections against inflation; the economy would in fact be completely self-regulating.

"For Crying Out Loud, Accept That A Solution Actually Exists" (a "3 min read" — including options for further reading — here in Medium)