[flagrant_taco]

> the money isn't printed. It's debt, which is different. The debt is expected to be repaid, with interest

One person's debt is another person's money. Our economic system is built on an expectation of contistent growth, deflation is not an option and those in charge will do everything they can to avoid it.

When the government creates new money it's technically debt, but debt they will never get back and clear off the books. Doing so would reduce the money supply and either cause deflation or reduce GDP, neither are acceptable for the system. They tried quantitative tightening policies to remove some of the debt/money created after the housing crisis, even a small amount of QT hit hard and they very quickly abandoned the idea of allowing those debts to be paid back (or ought back and removed).