Still, there's no free lunch. You can see this clearly with smaller nations that try those strategies. If the US government has to do those things then there ar

Still, there's no free lunch. You can see this clearly with smaller nations that try those strategies. If the US government has to do those things then there are negative repercussions in the form of distorted interest rates, inflation, capital misallocation, etc. All else equal it's obviously beneficial to have a balanced budget, low debt, and organic economic growth from dynamic markets. The federal government still has the exorbitant privilege of the USD as the global reserve currency, so can export much of its inflation across the world. Though at the end of the day these trends matter, and the long term debt cycle, coupled with worsening domestic issues, does not bode well with increasingly powerful strategic rivals and proxy wars.