Government Debt Is Not a Free Lunch

Dec 6, 2019

With borrowing costs at multi-decade lows, governments seemingly can take on much more debt without any great concern about long-term consequences. But the real risks and costs of higher public borrowing may be hidden.

https://www.project-syndicate.org/commentary/government-debt-low-interest-rates-no-free-lunch-by-kenneth-rogoff-2019-11?utm_source=Project+Syndicate+Newsletter&utm_campaign=6311c19334-sunday_newsletter_8_12_2019&utm_medium=email&utm_term=0_73bad5b7d8-6311c19334-106440339&mc_cid=6311c19334&mc_eid=4ddf8a88ec