Both increased borrowing and government deficit spending increase costs……(because such goes into the economy as the enterprise of government and which consequently has a flow of additional costs such as depreciation). Thus deficit governmental spending does not resolve the disequillibrated monetary state of the economy. A modern technologically advanced and hence increasingly capital intensive economy is inherently cost inflationary as the increased costs of capital assets must be continually factored into total costs. And even if the economy can limp along for relatively long periods of time without completely collapsing, in the (long) mean time, every other business model is dominated by Finance and probably upward of 95% of the entire populace is enslaved by same. Factor in the just getting started disruptive effects of innovation and artificial intelligence eroding aggregate demand…and you’ve got a real problem.
The only valid economic way to resolve this inherent and increasing problem is to integrate monetary grace as in direct to the individual Gifting into the debt based money system.