On the one hand, I probably do miss the point economically.
On the other hand, paying the deficit via money printing vs paying it via taxes creates a very different subjective experience to individuals with lower macroeconomic literacy, which is probably a majority of taxpayers and voters. Subjective experiences inform reactions (spending behavior, voting behavior, criminal behavior, etc), and group reactions inform if and how a policy actually plays out in practice.
On the one hand, I probably do miss the point economically.
On the other hand, paying the deficit via money printing vs paying it via taxes creates a very different subjective experience to individuals with lower macroeconomic literacy, which is probably a majority of taxpayers and voters. Subjective experiences inform reactions (spending behavior, voting behavior, criminal behavior, etc), and group reactions inform if and how a policy actually plays out in practice.