Publication
23 Jun 2009
There is no doubt that government debt and deficits are unsustainable. The fact that government debts and deficits are unsustainable, however, does not imply that they are undesirable today. There is no contradiction in the statement that government debt is both unsustainable and desirable. Why is that?
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English (PDF, 2 pages, 104 KB) |
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| Author | Paul de Grauwe |
| Series | CEPS Commentaries |
| Publisher | Centre for European Policy Studies (CEPS) |
| Copyright | © 2009 Centre for European Policy Studies (CEPS) |