Economists that follow Keynesian principles (everyone at the central bank, treasury, etc.) believe that government, corporations, etc. are perpetual. IE, “never ending.” They also believe that growth is perpetual. Therefore there is never a need to pay off debt because government will keep growing. Growing government is their intention.
They know what they are doing. They are doing it on purpose. They are doing what they were taught and what they believe in. The problem is, logically speaking, they are wrong. I know because I used to apply Keynesian economics to my personal finances and I went bankrupt. They don’t recognize it’s a two-tier system.
Keynesian economics is a solution looking for a problem that doesn’t exist. They don’t recognize that we live on a planet with finite resources and that need is a human motivation for production.
It will all come crashing down, eventually.