Agree 100%, but when Gerald Ford did that, prices rose to match the inflation of previous years, in other words we began to pay back what had been printed.
Consequently, he was blamed for the inflation and lost to Jimmy Carter. I do not think there is a politician, save 1 or 2, with the courage to do that.
But....it has to happen.
I agree there will be some inflation, but the value of the dollar should rise. The first year will be the hardest, just like the crash.
The “trick” is a gradual slowing, not an abrupt stop.
Even their precious Keyesnian model calls for them to eventually reverse the printing. Value must be put back into the system. Raising taxes and cutting entitlements only treats the symptoms at this point. Neither truly puts the value back into the economy.
The Economic Consequences of the Peace (1920), John Maynard Keynes observed:
“Lenin (the founder of the former communist Soviet Union) was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose”.