Jonathon Swift penned 'a modest proposal' as satire designed to get the rich to help the poor; is this the same? Because inflation has a funny way of hurting people on fixed incomes and being mostly OK for the stockholder class.

While the debt is already 'monetized', it has been monetized at a low 'velocity of money'. This is why it has not really created vile, inflationary problems. In fact, it is what we needed to prevent deflation.

However, if the velocity increases and the money never returns to the FED to be destroyed, it can create exactly the inflationary problems we associate with 'monetization'.

Regards,
Lance