I don’t see this as a factual statement:

The reason this isn’t so is because of the ideological monoculture in which politics operates, and in particular two (interconnecting) core assumptions of that monoculture:

Governments must balance budgets

You can’t just give people money, they have to earn it through labour

First in my country balanced budgets are as rare as Unicorns and second we give “just give people money” all the time.

We don’t have an “ideological monoculture” we do have a United Plutocratic Oligarchic Elite but they have very little interest in balanced budgets. They might pretend to oppose “just giving people money” but they still allow it to happen and in the end all that money goes into their pockets.

This:

The idea being that if the government spends more than it taxes, it will, like a household, “go broke”.

Is for simpletons, the real problem is if a government’s debt becomes too large a percentage of its GDP then the value of it currency will decline or in the case of a common currency you will be unable to borrow.

Greece, Italy, Brazil, Argentina, and others have demonstrated that at some point your access to more credit will be limited. Unless you are the source of the worlds dominant reserve currency printing money will just reduce the value of your money unless you don’t need any imports.

TEK