Mostly suffered from depressions every 20 years.
Spending money into existence is no more inflationary than what we have now and it eliminates debt.
When the Fed's bond holdings mature, they can shrink the money supply by not rolling them over. They could also sell their bonds to fight inflation. How would the Treasury do that if they issued money?
Not spending as much as the government takes in would shrink the supply.
You do realize that the definition for depression is meaningless in an inflationary economy? You can have positive growth in dollars while having a negative real output. The Fed is running a con game not working miracles.