Public Debt Management When Borrowing Helps and When It Hurts
Public Debt Management When Borrowing Helps and When It Hurts. Renewable Energy Transition: Economic Opportunities in Solar, Wind, and Green Hydrogen Nigeria's Inflation Rate Climbs Amid Currency Pressures and Import Costs Oil Markets React as Middle East Tensions Escalate There are very conflicting feelings about the public debt. To others, it is intergenerational robbery, the current consumption being paid by the future taxpayer. In other cases, it helps others to invest and stabilize economies that the private markets fail to offer. Each of these two views is true. The issue of public debt is neither good nor bad, but an instrument of policy whose implications are as good or bad as the intent, its size, the economic situation and institutional capacity. Knowledge about the time in which it is better to borrow and the time in which to avoid borrowing is crucial when it comes to dealing with fiscal arguments which all too often are more hot than cold. An Economic Logic of Governme...