Again though, the theory doesn’t say “always maintain a deficit of X amount”. By no means is it implied that deficits are required. In fact, as long as we are

Again though, the theory doesn’t say “always maintain a deficit of X amount”. By no means is it implied that deficits are required. In fact, as long as we are at full employment deficits should be stabilized or cut. In the end, it’s advocating utilizing the economic resources you ah e at your disposal, rather than letting them languish. Also, note that the us is hovering at around 120% debt/gdp, a number that has declined since Q2 of 2020.