Hmmmm. I understand the thinking under normal circumstances - limit the money supply.
But I wonder, if you have just printed money to throw it at people to not work, are you really going to get anything out of now limiting money usefully lent? If the economy is croaked, I might think lending is at least the productive way to introduce money, but I don’t claim to know, for sure.
My thinking is that at every point in time, an individual should be able to deposit money in a savings account and get a minimum 3% real return on the money.
Otherwise one is being totally ripped off.