A loose monetary policy (a la NMT or Keynes) also needs taxation in order to destroy currency. Currency works in a loop. Governments/issuers make USD and pay for stuff (UBI, etc). The currency must complete its life cycle by returning home. It's circulation that makes currency currency.
Without taxation, we'd have currency collapse, not inflation. Printing money without sufficient taxation, we have what we're seeing currently: asset value inflation.
Also, I think we're beginning to understand that "general inflation" isn't really a thing. The price of investable assets isn't connected to the price of consumable goods. Wealth disparities are a big part of this. In theory, if Jeff Bezos and such tried to spend their earnings... we'd have inflation. But when personal income and CG is measured in billions, it's basically impossible to actually consume as much as you earn.
How many 70s government housing project apartments or leaky rural shacks do you think you'd need to combine to get one working set of appliances and utilities that every section 8 apartment and double wide trailer has these days? (I'd put that number at 3-5). That was the floor then. That floor is mostly the subfloor now.
As things get better our standards get higher. Progress is good but you will never "solve" poverty, destitution, or any other bad thing that is defined relative to the rest of the population.