Business Insider:
Over the past few weeks, there’s been a growing buzz about central banks playing a greater role in explicitly serving as funders of government.
The idea that people (journalists and Wall Streeters, mostly) have been talking about is the notion that central banks could buy government debt (as they do in quantitative easing) but then just rip up those bonds, and cancel the debt, with few consequences, except perhaps some inflation (which central banks wants, anyway).