History suggests we can run sizable budget deficits while shrinking the budget debt burden. Mid last century our leaders weren't afraid to say so.
Critics complain that government debt saddles future generations with a financial burden. The critics are wrong.
There are limits on how much governments can spend without earning, although increasingly politicians are behaving as if there are not.
Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
If it is so easy to fix a nation's economic ills -- just run the printing presses round the clock -- then why doesn't everyone do it?