The problem is they all are still adhering to supply theory of neoliberalism: Give them enough money to lend and they will.
It would work if you give money to poor people - who instantly buy things with it. (if that effect will be self-sustaining is another question, sometimes yes, sometimes no)
But you make a point that increasing state debt is bad?
But then you show the example of Japan, where it wasn't bad. It may not have been good (debatable), but it wasn't bad.
Anyway you can't compare Japan money lending to US or european, it's a very different thing. In short the only one the Japan government is indepted is to itself. Thats that 200% GDP ratio. Just slash it to half, nobody would notice.
Some remarks:
True, and that works a lot better than stuffing the banks until they are flush with money nobody wants to borrow for investments because there are not enough customers with money to buy products. A problem in the USA, however, is that even if you create customer buying power somehow, most of the products that will be bought are made outside of the USA, so it will create jobs in eg. China, but not in the USA.
Another point is that the USA government borrows from the FED and pays interest by choice. The FED creates the money out of nothing, the USA government could do the same and have the money interest-free and without incurring debt. The result for the total money supply would be the same. Inflation will only be a problem if production can't keep up with the increased demand from the increased buying power if the money actually gets into circulation.
Helicopter money (as in: giving money to consumers, in whatever way) is completely different from quantative easing, the latter mainly increasing the amount of money in banks where it sits doing nothing. It is the demand side that needs work, and getting production back to the USA. After all, if you can kickstart an economy by killing Germans, other ways can also be found.
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