Rich country debt will spur tax and price hikes
https://www.reuters.com/commentary/breakingviews/rich-country-debt-will-spur-tax-price-hikes-2025-10-27/
Government borrowing is heading towards 100% of global GDP and is unsustainable in the US and much of Europe. There is also huge pressure to increase spending on climate, defence and ageing populations. Some mixture of higher taxes and inflation will ultimately be unavoidable.
https://www.reuters.com/commentary/breakingviews/rich-country-debt-will-spur-tax-price-hikes-2025-10-27/
Government borrowing is heading towards 100% of global GDP and is unsustainable in the US and much of Europe. There is also huge pressure to increase spending on climate, defence and ageing populations. Some mixture of higher taxes and inflation will ultimately be unavoidable.
The Perils of Economic Centrism in a Polarized World
https://www.project-syndicate.org/commentary/loneliness-of-the-centrist-economist-by-kenneth-rogoff-2025-10
Few ideas in economics have been as misrepresented as the link between debt and growth. More than a decade ago, a prominent analysis was falsely cast as a call for austerity when, in fact, it showed something far more mundane: countries burdened by heavy debt often have limited room to invest or respond when crises strike.
https://www.project-syndicate.org/commentary/loneliness-of-the-centrist-economist-by-kenneth-rogoff-2025-10
Few ideas in economics have been as misrepresented as the link between debt and growth. More than a decade ago, a prominent analysis was falsely cast as a call for austerity when, in fact, it showed something far more mundane: countries burdened by heavy debt often have limited room to invest or respond when crises strike.
The Economist Special Report: Governments going broke
Related:
Investors beware: Fiscal dominance and financial repression ahead by VIVEKANAND JAYAKUMAR, The Hill - 07/13/25
https://thehill.com/opinion/finance/5397963-fed-keeping-rates-low-trump-administration/
Investors beware: Fiscal dominance and financial repression ahead by VIVEKANAND JAYAKUMAR, The Hill - 07/13/25
https://thehill.com/opinion/finance/5397963-fed-keeping-rates-low-trump-administration/