Too much note printing like Covid times for instance ~ Inflation
Restricting money flow aggressively ~ Recession
Can the money supply be balanced so that the above two can be balanced?
Yes, if the debt is manageable. But, when loan is taken from one party to settle the debt from the other, it becomes a vicious cycle and the system may eventually collapse. The worldwide debt in current times may be too big to manage.
So, frugality is the way to go. Spend less, save more, avoid loan, clear debt.