Debt is going to have to be monetized eventually, since the interest harvesting industry is consolidating and becoming localized in a smaller number of hands.
You could promote some diversity in the creditor class, but realistically that was never on the cards.
A jubilee year would be preferable to what they are doing, but since we already have created a VISA-Mastercard State, monetizing debt is probably the way to go.
Debt is going to have to be weaponized eventually