That is exactly Japanification

Avoiding the Japanification of Europe

In today’s world, inflation is very low and is expected to remain so, and monetary authorities enjoy significant credibility – much more than in the past. Advanced countries are headed for a situation in which the distinction between monetary and fiscal policy is merely academic, and debt consolidation is unrealistic.

The author proposes the same prescription as Japan, unending Fed seigniorage taxes causing deflation.  The author received the bogus flat earth education and is lost forever.