Government Debt Is a Global Problem
Bloomberg reports that the facts have changed, but this mind-set persists. Most US policymakers have simply stopped caring about ever-rising debt.
Finance ministers and central bankers, gathering in Washington for the annual meetings of the International Monetary Fund, face a global trading system in disarray, uncertainty over the dollar’s standing and the likely course of interest rates, and financial markets that are (for now) unnervingly complacent. Amid all these challenges, policymakers must pay particular attention to one more: Following years of... ...
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