Government debt isn’t the problem its the continual build up of PRIVATE debt. Stop that and any inflationary urges by having merchants gift everyone 50% of the price of everything at retail sale. Then have the central bank rebate every cent of the discounts the merchants give to the consumer so that the merchants are made whole on their full price. Equal debits and credits that sum to zero, right Steve??? That implements beneficial price and asset deflation because everyone can buy $100 worth of groceries for $50, a $60k EV for $30k and a $500k house for $250k, and as your mortgage or car payment is the retail point of Finance the same policy reduces the above prices again. Whoopee! Sure Finance will bitch about losing their monopoly pardigm for new money creation od Debt ONLY, but think about it the market for $500k homes just got quadrupled for everyone and the banks get the same market quadrupling which translates into doubling their cash flow even if the loan is halved. Plus their market is greatly stabilized to boot.

Money just as money, not debt has been done before. Its why The North won the civil war because Lincoln distributed greenbacks. Now, with digital tech and double entry bookkeeping there’s no chance monetary gifting will cause inflation because it implements beneficial deflation. Do you hear the orthodox and non-lookers heads explode? Lots of other policies and benefits to a new monetary paradigm here: https://www.amazon.com/Wisdomics-Gracenomics-New-Monetary-Paradigm-Policies-ebook/dp/B0C49B9PX7/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=1552358772&sr=1-1-catcorr