Inflation is an invisible tax. Nothing is free.

Yes, and deflation is a visible timebomb. Everyone loses their job and starts drawing their savings to 0. People approaching 0 who don't want to starve join up with the first populist to promise salvation. If you're lucky, they choose FDR. If you're unlucky, they choose Hitler. Tell me, are you feeling lucky?

Obviously, there are rocks on both sides of these rapids. Hiring a group of experts to read the room and do their best to navigate the middle is still the least bad proposal I have heard.