Does that mean we should be embracing the printing of money?
No, it might look good in increasing the fiat value of Bitcoin but inflation does not do good on the economy of a country. Yes, Bitcoin fiat valuation will increase and so the price of commodoties too. I would rather have good economic situation and having the Bitcoin value increase slowly than a devastated economy with high BTC price.
Make all our money go totally out of value, so anyone holding BTC can get good value?
With money going out of value, prices of commodity is also affected. Those who have stash of Bitcoin maybe sitting pretty well but those who are not involved or just beginning to get involved with Bitcoin will have difficulty.
Does this make sense?
No, I prefer a healthy economy with an average Bitcoin price than a devastated one with extreme Bitcoin price.