Is this some sort of Keynesian fever dream?
You are taking government action in meddling with the economy, designed specifically so they can achieve ends that do not occur naturally in an unmolested economic system, and using the results of those actions as evidence that the outcome was inevitable.
This is effectively why we are in the catastrophe we're in right now. The Fed completely and totally failed to achieve their 2% inflation target over a period of decades, and were unable to identify why. Then, when the massive deflationary forces of globalization were brought to an immediate halt by the pandemic, the extreme inflationary measures the FED had been taking for years were finally able to take effect, uncontested by the deflation that had been hiding the results of government spending.
And when that started, the Fed spent a year outright denying it, then recharacterizing it, before finally admitting its existence and now claiming that the very same economic philosophies and policy tools that led to the disaster are somehow the solution.
The entire field of advanced economics has devolved into a secular religion that requires absolute faith in a set of principles that are unsubstantiated and fail upon first contact with reality, every single time they are used. And it's even funnier when you realize it's just a bunch of political opportunists, steeped in worthless academia, who have been tasked with the unenviable chore of creating an intelligent sounding justification for what their political masters wish to do: spend more money than they have access to.
And because of this, our entire banking industry has morphed into a one-way money siphon designed specifically to take advantage of these political cowards and their obviously absurd economic policies. If you can't beat 'em...
But yeah, let's hear more about debt is actually good. Everything is going great.