The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time. Paul Krugman dangerdebtdecide Change image and share on social
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis. Paul Krugman advanceborrowcapable Change image and share on social
The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers. Paul Krugman binddirectfiscal Change image and share on social