What are We Talking About When We Talk About the Market?

The spending doesn't need to be exorbitant or overly "conspicuous." Just steady and purposeful. In a deflationary economy, having a lot of cash socked away is good, because it keeps going up in value. So, if the ruler has the biggest savings account, he can spend so as to essentially keep breaking even, I would think. But, of course, if we're not talking about a traditional monarch we'd have to think about the ruler's income, state property, and the ruler's relation to state property. If there's a lot of state property, and the ruler has access to it, then there's always revenue coming in.

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I don't see why everyone can't run a budgetary surplus, i.e., save. It may be that it's better for the sovereign to run on deficits and fiat currency, but if every member of society is productive, i.e., adds to the social wealth, why can't everyone simply have more? As a practical matter, some people maybe won't be productive enough, but where's the theoretical impossibility?

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Yes, it needs to be thought through. Thanks for the leads.