Government debt is new money, but money isn't economic fuel, it just manages economic distribution. If you make more money, it has zero productive impact direc

Government debt is new money, but money isn't economic fuel, it just manages economic distribution. If you make more money, it has zero productive impact directly. What it does is designate wealth claims to whoever gets the money at the expense of whoever doesn't get the new money. So, if the government gives every citizen a billion dollar check, besides causing inflation, that drastically dilutes the relative purchasing power of Jeff Bezos. It's not that different from the government simply taxing out of existence a good portion of the money held by the wealthy. Either way, it's redistribution. And it's a powerful and important tool for carrying out political agendas which themselves may be good or bad based on your political values.