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To Monetize or Not to Monetize: Who Cares?

Japan monetized trillions of yen government debt in the last five years and its currency is the strongest in the world. Why? Because Japan's economy is productive and operates under a rule of law. its currency, borrowed at zero interest rate, has become an engine of finance, providing the liquidity needed to facilitate much economic activity. If the world perceives our economy as strong and operating under a rule of law, ie. no Patriot Act arrests in the night and tax the wealthy out of existence schemes, etc. there is no reason monetization of our debt cannot work the same way it has in Japan.