I guess what is proposed is a one-off inflationary expansion... much like the Covid stimulus bills (it all created how many trillions of dollars?).

But the net result was (AFAIK) a significant drop in indebtedness and poverty.

But then again, the inflation was picked up by companies as an excuse to profiteer, and initiate a spiral, which is why we find the Fed today kicking the economy in the groin.