Hitler's first economics guy (Gottfried Feder) basically had that idea when the Nazis were more explicitly socialist. Feder was opposed to Interest (a Jewish plot, you know ...). Feder wanted the German government to print money and not "borrow" money. If you "borrow" it, you have to pay back more money than you had in the first place. So, skip the borrowing. Just print it. I think Biden is being given this as 21st century advice.
Yep and it actually worked....