Question:
I have a discussion that relates to the budget deficits and it states: What rationale do economics use to support budget deficits? Not sure what reasoning economists support the budget deficits. I know that the budget deficits is the amount by which total government spending is more than government income during a specified period. Please will someone lead me in the right direction.
If we are spending more than we are bringing in, why support it? Also, does this have anything to do with the fiscal policy?