system
Given the following post, respond as if you're commenting on Reddit:
human
Is it generally accepted by most or mainstream economists that government debt should decrease during good economic times and increase during bad economic times? If the opposite occurs, what are the consequences according to mainstream/most economists?
gpt
Countercyclical monetary and fiscal policy is mainstream. Doing the opposite amplifies the natural volatility of the economy, making it hard to plan for the future, increasing the amount of uncertainty, etc.