The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now.
Further reading:
Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY
Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W
Why economics sometimes changes its mind: https://econ.st/3hXRP41
Read more about the debt after covid-19: https://econ.st/2DtpX92
Why governments must beware the lure of free money: https://econ.st/2GufJXf
Read about the Fed’s biggest inflation-policy change in decades: https://econ.st/31VyJG0
Why covid-19 could eventually lead to the return of inflation: https://econ.st/354m9X4
Read about the economies that have started to bounce back: https://econ.st/2OM8fzA
Why fiscal policy must shift as economies start to recover: https://econ.st/3hnBSDB
Read our article on the resilience of banks: https://econ.st/3hjG8E2
Why investors at home and abroad are buy American government debt: https://econ.st/3hYBBaM
welcome to capitalism can you imagine if communism was all over how boring it could be
Isn’t the economist magazine owned by the Rothschild dynasty?
Aren’t the central banks mostly owned by the Rothschild dynasty?
END CENTRAL BANKS.
END THE SCAM
GO BACK TO A SOUND MONEY SYSTEM, BASED ON GOLD AND SILVER
So Teanuts and radical Conservatives WERE WRONG… AGAIN. What a surprise.
look like the Simpson prophecy is right Donald Trump will bankrupt America
Jesuits are the owner of federal bank of U.S.A.
The economist is a media organization that is owned by the entity controlling the global financial system. NOTHING that is printed or presented by them should be considered truth. It is for manipulation purposes only. In doubt…..research.,
I still wonder why people hold such a high regard for money, money is worthless. The fact that we are in debt just reinforces that. We could accomplish so much more if we didn't have it.
I don't agree with your analysis. I was taught debt is bad in the private and/or public sectors. Inflation increases, value of the dollar decreases, unemployment increases, etc.
Can’t the government just transfer their debt to a new low-interest credit card?
A currency issuer can technically buy as many bonds in its own currency as it wants so there is no threat of unintended higher interest rates
“To raise money governments issue bonds to investors” – incorrect. Governments can fund themselves without bonds, there is no causal relationship.
Fractional reserve system. Greatest scam on earth. Criminal bankers. Steal our wealth they debt. Old system. Needs reform.
who does the US owe this debt to?