> If you're worried about inflation, tax better. Which is not merely "higher", but involves effectively targeting those taxes too for more returns.

I mean, I'm not arguing about how to avoid inflation. My question is about the debt being fictional. When you say "debt is fictional" that means that you can rack it up endlessly without consequences, but this clearly means there are consequences that you have to mitigate in another way. To argue that it's fictional you'd need to argue those problems don't come up at all. Otherwise you might as well say heart attacks are fictional because we can treat them, snake bites are fictional because we can treat them, etc...