This idea is based on MMT (Modern Monetary Theory), and is essentially an offshoot of Keynesianism.

MMT Keynesianism Model

Let’s describe the beliefs held by proponents of Expansionary Money and Credit:

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1. We must have Expansionary Money and Circulation Credit to Achieve more Economic Growth. (Main Belief!)

GDP Annual Growth Rate & Money Supply YoY%

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2. Fixed Supply Money leads to Prices Declining over time, which leads to Hoarding Money, which means lack of Spending/Investment, which means High Unemployment and Economic Recessions. ("Bitcoin is Bad, Infinity Money is Good")

Everything with a FIAT Money Price, will have a Downtrend with Bitcoin as a Price.

Example: Buying eggs with bitcoins | FRED Blog (stlouisfed.org)

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3. It is unjust that someone could see their Purchasing Power Maintained or Increased over time for “doing nothing” other than holding money. (We need inflationary money to encourage people to spend! - No Savings)

M2 Money Supply & Inflation Rate 5 Year Growth.

The Dollar Purchasing Power.

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4. We need an Expansion of Money and Circulation Credit to redistribute resources from the haves to the have-nots. (This doesnt work, Cantillon Effect)

Central banks, Governments and other Institutions (Bond issuers) can always Print New Money, sucking up the Purchasing Power of people who can't Print New Money (Jail)

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5. We need an Expansion of Money and Circulation Credit to “Stimulate” our Economy during times of Recession. (What they always do)

Money Supply always Increase in a Crisis

My other Post!

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SOURCE: Fixed Money Supply Does Not Lead to Economic Collapse - Swan Bitcoin