Barry Eichengreen / Asmaa El-Ganainy / Rui Esteves / Kris James Mitchener
In Defense of Public Debt
- Oxford University Press
- 2021
- Gebunden
- ISBN 9780197577899
Public debts have exploded to levels unprecedented in recent history as governments responded to the Covid-19 pandemic and economic crisis. Their dramatic rise has prompted apocalyptic warnings about the dangers of heavy debts - about the drag they will place on economic growth and the burden they represent for future generations. This book adds the other side of the equation: drawing on history, it provides a defence of public debt.
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