Earlier quoted context omitted.
Not true, you can also (selectively) increase taxes to take out excessive money supply. In the case of profit-driven inflation, you could tax excess profits.
This (being a MMT model). It's interesting to compare the phrase above something like "good inflation control is to grow the economy to match [the amount of money in the economy]" whereas just removing the money would also work.
To me, there are two economies - the "real" one, which is what goods and services people produce, and what material inputs they need, and a "virtual" one, which describes savings, loans, the flow of money, and all the property relationships people have.
Normally both are mostly in sync (because trade is bidirectional, flow of goods and services one way, and flow of money and property the other way), but in the case of inflation, you have nominally less goods and services to flow than you have of money (might be caused for different reasons, money being injected, supply shock, etc.).
Now, when economists talk about decreasing grow to match money supply in the economy (through e.g. higher interest rates), what they really mean is to restricting the real economic flow of goods and services in order to match the virtual flow of financing.
The problem with the idea is, the virtual economy is the thing that should really be fixed, not the real one. Breaking the real economy implies that means of production will have to be rebuilt at some point in the future to match the demand again; for example, if you close a factory, and let everybody go, it will be additional effort in the future to start the factory again, rehire the qualified people, and re(dis)cover the institutional knowledge lost in the process.
Whereas adjusting the virtual economy means just changing people's expectations, because that's what money (and other finance assets) are, a share of goods and services obtainable in the future. I had this much money, and I expected to buy 20 eggs for what I got, but it was suddenly discovered that real economy is not able to provide everybody with the money to spend on eggs with 20 eggs, but only say 10 eggs. So my expectations of the future have to change, in order for virtual economy to be adjusted.
So I would argue, breaking the real economy to match the broken virtual economy is always worse for the society as a whole in the long-term, because that means that the real production will have to be rebuilt, instead of just adjusting everybody's expectations to a new reality.
The reason why (neoliberal) economists are in love with the idea of recession rather than inflation is, of course, political. They don't want expectations to be adjusted, because that means all the rich people (and other people with financial assets and other savings) will become poorer and will have to reenter the investment competition again. While people who mostly live from labor (who are often borrowers in the modern economy as well) will be hit less by inflation than the recession (possibility of unemployment and total loss of income). So reducing inflation at the expense of employment and growth is essentially curtailing the production of the economy as a whole so that the incumbent property owners could keep their power structure. It's actually very anti-competitive and anti-free market. (But nobody really wants a free market anyway.)