when you destroy production capacity, you get inflation

and when you "reduce the money supply", you don't fix that inflation, you just get a recession

the only thing governments should ever spend money on is shared infrastructure, and that is never wasted... it's the only money you can "print/steal" that has a chance of paying people back, by forcing cooperative enterprise

https://www.reuters.com/markets/europe/global-markets-view-europe-2023-02-28/