Agree fully with your first statement (and your latest few) ...but then ironically, you do exactly what you accuse Bitcoiners of: M2 includes private banks expanding credit. (edit: Ugh...Yes yes, Jeff Snider and eurodollars -- saw that portion of your comment after pressing send lol -- nobody can verify the number of "dollars" in the system, so with this view it's pretty unclear what "a dollar" even is).

Also appreciate your emphasis on fiscal. Agreed. I wrote something aggressive along those lines in a Bitcoin Magazine Print review of Jimmy Song's book. Money printing (even if we include all deficits, since they're in part facilitating by Fed backstop) are max one-third of fiscal expenditures. (I've written on that when attack Saif too: https://aier.org/article/everything-is-the-feds-fault-a-review-of-the-fiat-standard/)

U.S. gov has a spending problem, in addition too its money printing problem.

Anyway, appreciate you comment