Print enough money to pay down the debt that matures and then tighten policy.
I understand that it is a disaster, with our current crop of politicians, but I’m just wondering about the economics if our country was run by angels and they did this?
Try this on just for fun. The US corporation was dissolved in 2019 and Biden is president of a defunct corporation. There is no money.
A very long time ago (circa 1980), I heard Dr. Milton Friedman answer this question after a lecture.
In less than the blink of an eye he said if that worked, Argentina would be the world’s leading exporter.
The old guy was so quick!