Yes. There are two parts to it: increased competition and increased productivity. In both senses, what you're trying to do, in the case of competition, is to force the incumbents to offer lower prices, but in the case of productivity, you're improving your ability to produce things more efficiently, and therefore you can charge lower prices. Obviously, in a world where we do have this much debt, anything that keeps inflation in check and lowers prices prevents us from having to increase interest rates.
On February 3rd, 2022. See this statement in context.