Will High Interest Rates Trigger a Debt Disaster?
AUSTIN – In a recent commentary for the Financial Times, Martin Wolf trots out the specter of a “public-debt disaster,” that recurrent staple of bond-market chatter. The essence of his argument is that since debt-to-GDP ratios are high, and eminent authorities are alarmed, “fiscal crises” in the…
#austin #martinwolf #socialsecurity #medicare #unitedkingdom #olivierblanchard #mit #blanchard
